Patton Fund Management Inc. Sells 35,530 Shares of Arista Networks, Inc. $ANET

Patton Fund Management Inc. lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 92.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,753 shares of the technology company’s stock after selling 35,530 shares during the quarter. Patton Fund Management Inc.’s holdings in Arista Networks were worth $338,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new stake in Arista Networks during the fourth quarter worth $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the 4th quarter worth $28,000. Knuff & Co LLC bought a new position in shares of Arista Networks in the third quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Arista Networks in the 4th quarter valued at approximately $30,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 4.2%

Shares of ANET stock opened at $164.22 on Tuesday. Arista Networks, Inc. has a 1-year low of $97.14 and a 1-year high of $179.80. The stock has a market cap of $206.78 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 2.43 and a beta of 1.61. The stock has a 50-day moving average of $159.55 and a 200-day moving average of $143.05.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on 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 directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This represents a 0.14% 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 90 days, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $200.00 price target (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Rosenblatt Securities increased their target price on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $187.63.

About Arista Networks

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.