Arista Networks, Inc. $ANET Shares Purchased by Goodman Advisory Group LLC

Goodman Advisory Group LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 99,271.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,761 shares of the technology company’s stock after buying an additional 37,723 shares during the period. Goodman Advisory Group LLC’s holdings in Arista Networks were worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hoxton Planning & Management LLC grew its stake in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after acquiring an additional 68 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after purchasing an additional 70 shares during the last quarter. United Asset Strategies Inc. raised its position in shares of Arista Networks by 1.2% in the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after purchasing an additional 72 shares during the last quarter. Personal CFO Solutions LLC raised its position in shares of Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after purchasing an additional 76 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD boosted its stake in 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 purchasing an additional 80 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Piper Sandler reissued 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. UBS Group reissued a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $187.63.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. 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 2,647,080 shares of company stock valued at $431,329,762. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $157.80 on Friday. The stock has a market cap of $198.70 billion, a PE ratio of 54.04, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61. The firm has a fifty day moving average price of $159.49 and a 200 day moving average price of $142.71. Arista Networks, Inc. has a 1 year low of $97.14 and a 1 year high of $179.80.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. 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.

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.