Root Financial Partners LLC Trims Position in Arista Networks, Inc. $ANET

Root Financial Partners LLC lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 41.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,091 shares of the technology company’s stock after selling 5,097 shares during the period. Root Financial Partners LLC’s holdings in Arista Networks were worth $871,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the fourth quarter worth approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks in the 4th quarter valued at $28,000. Knuff & Co LLC purchased a new position in Arista Networks in the 3rd quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Arista Networks in the 4th quarter valued at $30,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Price Performance

Arista Networks stock opened at $166.78 on Thursday. Arista Networks, Inc. has a 12-month low of $97.14 and a 12-month high of $179.80. The stock has a market capitalization of $210.00 billion, a P/E ratio of 57.12, a P/E/G ratio of 2.62 and a beta of 1.61. The firm’s 50-day moving average is $159.67 and its two-hundred day moving average is $143.55.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share 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 business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company’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 forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

ANET has been the subject of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Bank of America boosted their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Barclays restated an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, UBS Group reaffirmed a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $187.63.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 on 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 completion of the transaction, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,639,080 shares of company stock valued at $430,322,162 over 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.