Malaga Cove Capital LLC Increases Stock Position in Arista Networks, Inc. $ANET

Malaga Cove Capital LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 30.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,162 shares of the technology company’s stock after purchasing an additional 3,547 shares during the period. Malaga Cove Capital LLC’s holdings in Arista Networks were worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the 4th quarter worth $26,000. Knuff & Co LLC purchased a new stake in Arista Networks during the 3rd quarter worth $29,000. Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks during the 4th quarter worth $30,000. Quarry LP purchased a new stake in Arista Networks during the 3rd quarter worth $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in Arista Networks during the 4th quarter worth $34,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ANET. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a report on Friday, May 15th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. TD Cowen reiterated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price objective on shares of Arista Networks in a report on Friday, May 1st. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus price target of $181.84.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $140.08, for a total value of $4,482,560.00. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $1,817,678.08. This represents a 71.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,501,885 shares of company stock worth $246,477,400. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $158.21 on Wednesday. The firm has a market cap of $199.22 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 2.37 and a beta of 1.67. The firm’s 50-day simple moving average is $146.24 and its 200-day simple moving average is $137.17. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.