Arista Networks, Inc. $ANET Shares Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its stake in Arista Networks, Inc. (NYSE:ANET) by 39.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,948 shares of the technology company’s stock after purchasing an additional 8,807 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Arista Networks were worth $4,055,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ANET. Brighton Jones LLC grew its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Arista Networks during the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in Arista Networks during the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC grew its stake in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Arista Networks by 31.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 350,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $159.32, for a total value of $55,762,000.00. Following the completion of the transaction, the chief executive officer owned 5,333,207 shares of the company’s stock, valued at approximately $849,686,539.24. This represents a 6.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $142.44, for a total value of $4,558,080.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $1,848,301.44. The trade was a 71.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,074,729 shares of company stock valued at $170,483,639. Company insiders own 3.39% of the company’s stock.

Arista Networks Trading Down 2.9%

Shares of NYSE ANET opened at $172.55 on Friday. The company has a market cap of $217.27 billion, a price-to-earnings ratio of 62.52, a price-to-earnings-growth ratio of 3.12 and a beta of 1.48. Arista Networks, Inc. has a 12-month low of $71.56 and a 12-month high of $178.48. The stock’s 50 day simple moving average is $138.76 and its 200 day simple moving average is $137.13.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, equities analysts forecast that Arista Networks, Inc. will post 3.17 earnings per share for the current fiscal year.

Arista Networks News Summary

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Google’s new “Virgo” AI datacenter architecture and commentary that Arista is well?positioned to supply AI networking gear have driven momentum and helped push ANET to a 52?week high. Read More.
• Positive Sentiment: Analysts and the company have materially increased AI?networking market assumptions (reports say Arista effectively doubled its AI networking target), expanding the TAM and supporting higher forward multiples. Read More.
• Positive Sentiment: Buy?side and sell?side notes (Seeking Alpha coverage and multiple price?target raises) argue heavy capex demand from AI customers justifies ANET’s premium valuation; Q1 earnings on May 5 is flagged as a likely beat?and?raise catalyst. Read More.
• Positive Sentiment: Institutional accumulation and retail momentum (including media mentions such as Jim Cramer) have increased buying interest and liquidity into the name. Read More.
• Neutral Sentiment: Multiple bullish writeups summarize a strong buy thesis tied to market share in high?performance switching and AI demand — useful context but reflect already elevated expectations. Read More.
• Neutral Sentiment: Analyst price?target lifts and “overweight/buy” consensus help momentum but also raise the bar for future earnings surprises. Read More.
• Negative Sentiment: Large insider selling by CEO Jayshree Ullal (multiple recent 10b5?1 sales totaling tens of millions) is generating negative headlines and added near?term selling pressure despite being pre?arranged. Read More.
• Negative Sentiment: Additional insider sales (executive stock disposals disclosed in SEC filings) amplify the perception of management profit?taking and can weigh on price into earnings. Read More.

Analysts Set New Price Targets

ANET has been the subject of a number of recent analyst reports. Rosenblatt Securities upgraded Arista Networks from a “neutral” rating to a “buy” rating and raised their price objective for the company from $165.00 to $180.00 in a research note on Tuesday, April 7th. TD Cowen began coverage on Arista Networks in a research report on Thursday, March 12th. They issued a “buy” rating and a $170.00 target price for the company. KeyCorp reiterated an “overweight” rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Truist Financial began coverage on Arista Networks in a research report on Tuesday, March 31st. They issued a “buy” rating and a $161.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price (up from $159.00) on shares of Arista Networks in a research report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $177.83.

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.