Meridian Wealth Management LLC Buys 7,792 Shares of Arista Networks, Inc. $ANET

Meridian Wealth Management LLC raised its stake in Arista Networks, Inc. (NYSE:ANET) by 19.7% during the fourth quarter, Holdings Channel reports. The fund owned 47,392 shares of the technology company’s stock after buying an additional 7,792 shares during the period. Meridian Wealth Management LLC’s holdings in Arista Networks were worth $6,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of ANET. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the last quarter. State Street Corp lifted its stake in Arista Networks by 0.5% in the third quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after purchasing an additional 245,976 shares during the last quarter. Invesco Ltd. grew its holdings in Arista Networks by 1.8% during the third quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock valued at $1,470,834,000 after purchasing an additional 181,813 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after purchasing an additional 4,332,659 shares during the period. Finally, Swedbank AB increased its position in Arista Networks by 3.6% in the fourth quarter. Swedbank AB now owns 7,364,990 shares of the technology company’s stock worth $965,035,000 after buying an additional 258,567 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the sale, the insider directly owned 12,976 shares in the company, valued at $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was 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 approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,502,729 shares of company stock valued at $246,707,719 in the last ninety days. Insiders own 3.54% of the company’s stock.

Arista Networks Price Performance

NYSE:ANET opened at $136.51 on Tuesday. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The stock’s fifty day moving average price is $143.55 and its two-hundred day moving average price is $137.77. The company has a market cap of $171.90 billion, a P/E ratio of 46.75, a P/E/G ratio of 2.24 and a beta of 1.67.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ANET. TD Cowen restated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their price objective on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $182.83.

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.