Essential Partners LLC Cuts Stock Holdings in Arista Networks, Inc. $ANET

Essential Partners LLC lowered its position in shares of Arista Networks, Inc. (NYSE:ANET) by 23.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,255 shares of the technology company’s stock after selling 5,048 shares during the period. Arista Networks makes up approximately 0.7% of Essential Partners LLC’s portfolio, making the stock its 23rd largest position. Essential Partners LLC’s holdings in Arista Networks were worth $1,996,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. BankChampaign National Association bought a new position in Arista Networks in the 1st quarter valued at approximately $817,000. Groupe la Francaise increased its holdings in shares of Arista Networks by 10.2% in the 1st quarter. Groupe la Francaise now owns 139,335 shares of the technology company’s stock worth $17,096,000 after purchasing an additional 12,915 shares in the last quarter. Liontrust Investment Partners LLP purchased a new position in shares of Arista Networks in the first quarter worth $3,510,000. SHUTTLEWORTH & Co raised its stake in shares of Arista Networks by 14.1% in the first quarter. SHUTTLEWORTH & Co now owns 12,888 shares of the technology company’s stock worth $1,582,000 after purchasing an additional 1,591 shares during the last quarter. Finally, Western Wealth Management LLC lifted its holdings in shares of Arista Networks by 32.2% during the first quarter. Western Wealth Management LLC now owns 20,702 shares of the technology company’s stock valued at $2,542,000 after purchasing an additional 5,037 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ANET has been the topic of several recent analyst reports. Bank of America increased their price objective on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. UBS Group restated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Raymond James Financial raised 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 report on Friday, May 15th. Finally, Weiss Ratings downgraded shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus target price of $189.74.

Arista Networks Stock Up 7.9%

Shares of ANET opened at $170.44 on Friday. The business has a 50-day simple moving average of $166.86 and a two-hundred day simple moving average of $149.90. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $189.82. The stock has a market cap of $214.62 billion, a price-to-earnings ratio of 58.37, a PEG ratio of 2.42 and a beta of 1.60.

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 firm 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 quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Key Arista Networks News

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

• Positive Sentiment: Arista is gaining fresh AI momentum, with demand for high-speed data-center networking equipment supported by expanding AI workloads and cloud infrastructure investment. This reinforces the company’s growth outlook. Arista Networks Gains Fresh AI Momentum
• Positive Sentiment: Analysts are anticipating strong second-quarter performance, citing robust AI networking demand, rising earnings estimates and the potential for another earnings beat. Arista’s latest reported quarter also exceeded consensus on both earnings and revenue, with revenue up 35.1% year over year. Arista Stock Before Q2 Earnings
• Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings estimate to $3.26 per share from $3.25 and maintained a “Buy” rating. Although the increase was modest, it adds to the favorable analyst tone ahead of the earnings report. Arista Networks Analyst Estimate Update

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total value of $1,336,480.00. Following the completion of the sale, the director directly owned 192,333 shares of the company’s stock, valued at $32,131,150.98. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider directly owned 462,400 shares of the company’s stock, valued at approximately $78,843,824. This trade represents a 5.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,300,316 shares of company stock worth $382,160,575 in the last quarter. 2.70% of the stock is currently owned by insiders.

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.