PFG Investments LLC Grows Holdings in Arista Networks, Inc. $ANET

PFG Investments LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 134.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,535 shares of the technology company’s stock after acquiring an additional 4,325 shares during the quarter. PFG Investments LLC’s holdings in Arista Networks were worth $925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baer Investment Advisory LLC acquired a new position in shares of Arista Networks in the first quarter worth about $207,000. World Investment Advisors grew its stake in Arista Networks by 2.9% during the 1st quarter. World Investment Advisors now owns 10,707 shares of the technology company’s stock valued at $1,315,000 after purchasing an additional 305 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its stake in Arista Networks by 19.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 6,303 shares of the technology company’s stock valued at $774,000 after purchasing an additional 1,043 shares in the last quarter. Sierra Summit Advisors LLC increased its holdings in Arista Networks by 8.6% during the 1st quarter. Sierra Summit Advisors LLC now owns 84,971 shares of the technology company’s stock worth $10,433,000 after purchasing an additional 6,758 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Arista Networks by 1,786.0% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 88,792 shares of the technology company’s stock worth $10,902,000 after purchasing an additional 84,084 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of NYSE ANET traded down $9.84 during midday trading on Tuesday, hitting $163.44. The company’s stock had a trading volume of 1,342,323 shares, compared to its average volume of 8,702,819. Arista Networks, Inc. has a 1-year low of $100.94 and a 1-year high of $179.80. The firm’s fifty day moving average price is $159.07 and its 200-day moving average price is $144.04. The firm has a market cap of $205.81 billion, a P/E ratio of 55.97, a P/E/G ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Arista Networks’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. As a group, research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the sale, the director owned 192,333 shares of the company’s stock, valued at approximately $32,131,150.98. This trade represents a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value of $2,971,222.86. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $2,224,345.92. This trade represents a 57.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,907,080 shares of company stock worth $474,355,842. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent analyst reports. Rosenblatt Securities upped 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. Citigroup dropped their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Finally, Barclays reissued an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $187.63.

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.