Ibex Wealth Advisors Raises Holdings in Arista Networks, Inc. $ANET

Ibex Wealth Advisors grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 5.1% in the fourth quarter, Holdings Channel reports. The firm owned 70,584 shares of the technology company’s stock after buying an additional 3,395 shares during the quarter. Ibex Wealth Advisors’ holdings in Arista Networks were worth $9,249,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in shares of Arista Networks during the fourth quarter valued at $1,558,563,000. Arrowstreet Capital Limited Partnership increased its holdings in Arista Networks by 82.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after buying an additional 4,332,659 shares in the last quarter. M&T Bank Corp raised its position in Arista Networks by 3,182.7% in the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after buying an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. raised its position in Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after buying an additional 2,934,098 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after acquiring an additional 1,724,758 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent analyst reports. Barclays reaffirmed 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. Citigroup dropped their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two research 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $186.47.

Arista Networks Trading Down 0.4%

ANET opened at $168.48 on Wednesday. The company has a market cap of $212.15 billion, a price-to-earnings ratio of 57.70, a PEG ratio of 2.61 and a beta of 1.61. The company’s 50 day moving average is $156.12 and its 200 day moving average is $140.71. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80.

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 analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the firm’s stock in a transaction that occurred 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 owned 111,848 shares in the company, valued at approximately $17,664,154.64. This trade represents a 66.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares in the company, valued at approximately $10,112,056. The trade was a 3.66% 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 have sold 2,343,747 shares of company stock worth $380,853,419 in the last 90 days. Insiders own 2.70% of the company’s stock.

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.