Arista Networks, Inc. $ANET Shares Acquired by Mariner LLC

Mariner LLC grew its stake in Arista Networks, Inc. (NYSE:ANET) by 16.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 992,702 shares of the technology company’s stock after acquiring an additional 141,212 shares during the quarter. Mariner LLC’s holdings in Arista Networks were worth $130,107,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund purchased a new position in Arista Networks in the fourth quarter worth approximately $26,000. Knuff & Co LLC acquired a new stake in shares of Arista Networks in the third quarter valued at $29,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Arista Networks in the fourth quarter valued at $30,000. Quarry LP acquired a new stake in shares of Arista Networks in the third quarter valued at $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in Arista Networks in the fourth quarter valued at $34,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total transaction of $61,797.68. Following the completion of the sale, the director directly owned 10,078 shares of the company’s stock, valued at $1,475,822.32. The trade was a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the sale, the insider directly owned 111,848 shares of the company’s stock, valued at $17,664,154.64. This represents a 66.30% 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. Over the last three months, insiders sold 2,343,747 shares of company stock worth $380,853,419. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Barclays reissued an “overweight” rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Bank of America lifted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Truist Financial set a $175.00 price objective on Arista Networks in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $186.47.

Arista Networks Stock Performance

ANET stock opened at $169.20 on Tuesday. The stock has a market capitalization of $213.06 billion, a P/E ratio of 57.94, a PEG ratio of 2.52 and a beta of 1.61. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80. The company has a 50 day moving average price of $155.28 and a two-hundred day moving average price of $140.43.

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