Deltec Asset Management LLC Acquires 3,420 Shares of Arista Networks, Inc. $ANET

Deltec Asset Management LLC increased its holdings in Arista Networks, Inc. (NYSE:ANET) by 103.6% during the first quarter, Holdings Channel.com reports. The firm owned 6,720 shares of the technology company’s stock after acquiring an additional 3,420 shares during the quarter. Deltec Asset Management LLC’s holdings in Arista Networks were worth $825,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Lighthouse Financial Services Inc. ADV bought a new position in Arista Networks during the 4th quarter valued at approximately $1,549,000. Bensler LLC bought a new stake in Arista Networks during the fourth quarter worth about $6,350,000. QRG Capital Management Inc. increased its position in Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. purchased a new position in shares of Arista Networks in the 4th quarter worth about $3,058,000. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after buying an additional 6,591 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

ANET opened at $166.78 on Thursday. The stock’s 50 day moving average price is $159.67 and its 200-day moving average price is $143.55. Arista Networks, Inc. has a one year low of $97.14 and a one year high of $179.80. The stock has a market cap of $210.00 billion, a price-to-earnings ratio of 57.12, a P/E/G ratio of 2.62 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 35.1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ANET has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Citigroup decreased their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Rosenblatt Securities upped their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. KeyCorp reiterated an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Finally, Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $187.63.

Insiders Place Their Bets

In related news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total transaction of $384,336.00. Following the transaction, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at $10,112,056. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value 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. The trade was a 57.19% 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. In the last ninety days, insiders sold 2,639,080 shares of company stock worth $430,322,162. 2.70% of the stock is owned by company 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.