Arista Networks, Inc. $ANET Shares Sold by Park National Corp OH

Park National Corp OH trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 3.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 324,424 shares of the technology company’s stock after selling 12,724 shares during the period. Arista Networks accounts for about 1.2% of Park National Corp OH’s holdings, making the stock its 20th largest holding. Park National Corp OH’s holdings in Arista Networks were worth $39,833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Genesis Private Wealth LLC raised its position in shares of Arista Networks by 36.3% during the 1st quarter. Genesis Private Wealth LLC now owns 2,271 shares of the technology company’s stock worth $279,000 after acquiring an additional 605 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in Arista Networks by 25.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 17,782 shares of the technology company’s stock valued at $2,183,000 after purchasing an additional 3,637 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its holdings in Arista Networks by 14.4% in the first quarter. WESPAC Advisors SoCal LLC now owns 15,878 shares of the technology company’s stock valued at $1,950,000 after purchasing an additional 1,993 shares in the last quarter. Old North State Trust LLC increased its stake in Arista Networks by 32.9% in the fourth quarter. Old North State Trust LLC now owns 14,281 shares of the technology company’s stock valued at $1,871,000 after purchasing an additional 3,538 shares during the last quarter. Finally, J. Derek Lewis & Associates Inc. purchased a new position in Arista Networks in the fourth quarter valued at approximately $297,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed 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, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,603,747 shares of company stock worth $423,901,619 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ANET shares. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. KeyCorp reiterated an “overweight” rating and set a $200.00 price target (up from $178.00) on shares of Arista Networks in a research note on Thursday. Finally, Truist Financial set a $175.00 price target 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 issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Up 0.1%

ANET opened at $169.84 on Friday. The firm has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The business’s 50 day moving average is $158.10 and its two-hundred day moving average is $141.44.

Arista Networks (NYSE:ANET) last issued 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 analysts’ expectations 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 in the previous year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Arista Networks 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.