Kovitz Investment Group Partners LLC Trims Stock Position in Arista Networks, Inc. $ANET

Kovitz Investment Group Partners LLC trimmed its stake in Arista Networks, Inc. (NYSE:ANET) by 79.8% in the 4th quarter, HoldingsChannel reports. The firm owned 169,040 shares of the technology company’s stock after selling 669,601 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Arista Networks were worth $22,149,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ANET. Whittier Trust Co. of Nevada Inc. raised its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after buying an additional 70 shares in the last quarter. United Asset Strategies Inc. boosted its position in Arista Networks by 1.2% during the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after acquiring an additional 72 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of Arista Networks by 0.9% during the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 76 shares during the period. Personal CFO Solutions LLC grew its holdings in shares of Arista Networks by 3.2% during the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after acquiring an additional 76 shares during the period. Finally, Clark Financial Services Group Inc. BD raised its position in shares of Arista Networks by 2.2% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock worth $518,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% 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, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total transaction of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares of the company’s stock, valued at approximately $10,112,056. This represents a 3.66% 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. In the last 90 days, insiders sold 2,603,747 shares of company stock valued at $423,901,619. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a report on Friday, May 15th. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Bank of America boosted their target price on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $187.63.

Arista Networks News Summary

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

• Positive Sentiment: Wolfe Research reaffirmed an Outperform rating on Arista Networks with a $175 price target, following discussions with management that reinforced confidence in the company’s growth outlook. Wolfe Research Reaffirms Bullish View on Arista Networks (ANET) With $175 Price Target
• Positive Sentiment: KeyBanc’s bullish stance highlights Arista as a beneficiary of strong AI-related networking demand, which supports the company’s long-term data center growth story. Arista sees bullish views at KeyBanc on AI demand
• Positive Sentiment: Recent coverage continues to frame Arista as a key player in AI infrastructure and data center switching, keeping investor interest elevated in the stock. Why Is Arista Networks Driving S&P 500 AI Infrastructure Growth?
• Neutral Sentiment: Nvidia taking the top spot in the data center Ethernet switching market underscores how competitive the AI networking space has become, though it also reinforces the size of the market Arista is targeting. Nvidia Overtakes Rivals in Data Center Switching Market
• Neutral Sentiment: Arista remains in focus after a strong multi-month run, with some commentary asking whether the stock has already priced in much of the good news. Arista Networks (ANET) Stock After 87% Annual Gain Is It Time To Pause?
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares in a pre-arranged Rule 10b5-1 transaction, which may create modest pressure on sentiment even though the sale was small relative to his holdings. SEC filing for Andreas Bechtolsheim transaction
• Negative Sentiment: Recent market coverage noted that ANET declined more than the broader market, suggesting some short-term profit-taking after its powerful run. Arista Networks (ANET) Declines More Than Market: Some Information for Investors

Arista Networks Stock Up 3.0%

Arista Networks stock opened at $169.84 on Friday. The company has a market capitalization of $213.86 billion, a P/E ratio of 58.16, a PEG ratio of 2.54 and a beta of 1.61. The stock’s 50 day moving average is $157.61 and its 200 day moving average is $141.24. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80.

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

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.