Sather Financial Group Inc Reduces Stake in Arista Networks, Inc. $ANET

Sather Financial Group Inc decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 6.6% during the first quarter, HoldingsChannel reports. The firm owned 847,692 shares of the technology company’s stock after selling 60,078 shares during the period. Arista Networks comprises 6.4% of Sather Financial Group Inc’s portfolio, making the stock its 3rd largest holding. Sather Financial Group Inc’s holdings in Arista Networks were worth $104,080,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Knuff & Co LLC bought a new position in shares of Arista Networks during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new position in Arista Networks during the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in Arista Networks in the fourth quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new position in Arista Networks in the fourth quarter worth approximately $28,000. Finally, Quarry LP purchased a new stake in Arista Networks during the third quarter worth $33,000. Institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ANET. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. KeyCorp reissued 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. TD Cowen restated a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Truist Financial set a $175.00 price objective on Arista Networks in a research report on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Performance

ANET traded down $7.62 during trading on Tuesday, hitting $165.66. The stock had a trading volume of 2,405,682 shares, compared to its average volume of 8,710,547. The company has a market capitalization of $208.60 billion, a PE ratio of 56.67, a PEG ratio of 2.47 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $100.94 and a twelve month high of $179.80. The stock has a 50 day simple moving average of $159.07 and a two-hundred day simple moving average of $144.04.

Arista Networks (NYSE:ANET) last released its quarterly earnings results 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. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the SEC, 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 260,000 shares of the company’s 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 transaction, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 2,907,080 shares of company stock worth $474,355,842. 2.70% of the stock is owned by company insiders.

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.