Madison Asset Management LLC Sells 27,839 Shares of Arista Networks, Inc. $ANET

Madison Asset Management LLC lowered its holdings in Arista Networks, Inc. (NYSE:ANET) by 3.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 684,316 shares of the technology company’s stock after selling 27,839 shares during the period. Arista Networks accounts for approximately 1.0% of Madison Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Madison Asset Management LLC’s holdings in Arista Networks were worth $84,020,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ANET. Sankala Group LLC bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter valued at $28,000. Main Street Group LTD purchased a new position in Arista Networks during the 1st quarter valued at $26,000. Quarry LP purchased a new position in Arista Networks during the 3rd quarter valued at $33,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Arista Networks in the 4th quarter worth $30,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 0.3%

Arista Networks stock opened at $169.17 on Tuesday. Arista Networks, Inc. has a 12 month low of $106.99 and a 12 month high of $189.82. The stock has a fifty day simple moving average of $162.41 and a two-hundred day simple moving average of $147.60. The firm has a market cap of $213.02 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 2.59 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities increased their price target on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. UBS Group restated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $200.00 price objective (up from $185.00) on shares of Arista Networks in a research report on Thursday. Finally, Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a report on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $188.95.

Insider Activity

In related news, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,224,345.92. This trade represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 234,578 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $187.18, for a total value of $43,908,310.04. Following the transaction, the chief executive officer owned 5,134,207 shares of the company’s stock, valued at $961,020,866.26. This represents a 4.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,692,983 shares of company stock worth $452,119,385 in the last quarter. 2.70% of the stock is currently owned by 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.