Leonteq Securities AG Reduces Stake in Arista Networks, Inc. $ANET

Leonteq Securities AG cut its position in shares of Arista Networks, Inc. (NYSE:ANET) by 22.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,980 shares of the technology company’s stock after selling 8,119 shares during the quarter. Leonteq Securities AG’s holdings in Arista Networks were worth $3,435,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Arista Networks by 57.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 476,334 shares of the technology company’s stock valued at $58,484,000 after purchasing an additional 173,050 shares during the last quarter. Elevation Point Wealth Partners LLC increased its position in shares of Arista Networks by 261.6% in the first quarter. Elevation Point Wealth Partners LLC now owns 23,634 shares of the technology company’s stock valued at $2,902,000 after buying an additional 17,098 shares in the last quarter. Blue Capital Inc. raised its stake in shares of Arista Networks by 20.9% during the 1st quarter. Blue Capital Inc. now owns 5,101 shares of the technology company’s stock worth $626,000 after buying an additional 882 shares during the last quarter. Patten Group Inc. acquired a new position in shares of Arista Networks during the 1st quarter worth $513,000. Finally, Keybank National Association OH boosted its position in shares of Arista Networks by 43.9% in the 1st quarter. Keybank National Association OH now owns 295,180 shares of the technology company’s stock worth $36,242,000 after buying an additional 90,032 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Arista Networks news, 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 of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. 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 2,639,080 shares of company stock worth $430,322,162 over the last quarter. 2.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ANET shares. UBS Group reissued a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Barclays restated an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. 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. KeyCorp reiterated an “overweight” rating and issued a $200.00 price target (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $187.63.

Arista Networks Stock Performance

Shares of ANET opened at $160.38 on Friday. Arista Networks, Inc. has a fifty-two week low of $100.33 and a fifty-two week high of $179.80. The company has a market capitalization of $201.95 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60. The stock has a fifty day moving average of $159.42 and a two-hundred day moving average of $143.80.

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