Arista Networks, Inc. $ANET is Sather Financial Group Inc's 3rd Largest Position

Key Points

• Sather Financial Group trimmed its Arista stake by 2.5% to 907,770 shares, making ANET its 3rd largest position at about 6.4% of the fund (roughly $119 million, ~0.07% of Arista).
• Arista beat estimates in the latest quarter with $0.82 EPS vs. $0.75 expected and $2.49B revenue vs. $2.38B, driving 28.9% YoY revenue growth and strong margins (net margin 38.99%).
• Analysts have grown more bullish—several upgrades and higher price targets (average ~$176.44)—but insiders sold ~312,444 shares (~$43.8M last quarter, including the CEO under a 10b5‑1 plan), creating mixed sentiment.

Sather Financial Group Inc lowered its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 907,770 shares of the technology company's stock after selling 23,477 shares during the period. Arista Networks makes up 6.4% of Sather Financial Group Inc's portfolio, making the stock its 3rd biggest position. Sather Financial Group Inc owned about 0.07% of Arista Networks worth $118,945,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ANET. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks in the fourth quarter valued at $26,000. AdvisorNet Financial Inc lifted its holdings in shares of Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after purchasing an additional 72 shares in the last quarter. Knuff & Co LLC purchased a new stake in shares of Arista Networks in the third quarter valued at $29,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Arista Networks in the fourth quarter valued at $30,000. Finally, Richardson Financial Services Inc. lifted its holdings in shares of Arista Networks by 141.3% in the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company's stock valued at $32,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Trading Down 0.2%

Shares of NYSE:ANET opened at $154.13 on Thursday. Arista Networks, Inc. has a 1 year low of $66.59 and a 1 year high of $164.94. The business has a fifty day simple moving average of $135.02 and a 200 day simple moving average of $136.08. The firm has a market cap of $193.67 billion, a price-to-earnings ratio of 55.84, a P/E/G ratio of 2.73 and a beta of 1.48.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the company earned $0.66 earnings per share. Arista Networks's quarterly revenue was up 28.9% compared to the same quarter last year. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price on Arista Networks from $175.00 to $185.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday. Needham & Company LLC increased their price objective on Arista Networks from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Zacks Research upgraded Arista Networks from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, KeyCorp reiterated an "overweight" rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $176.44.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Yvonne Wassenaar sold 1,395 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $134.34, for a total transaction of $187,404.30. Following the transaction, the director directly owned 11,179 shares of the company's stock, valued at $1,501,786.86. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $125.95, for a total transaction of $1,007,600.00. Following the transaction, the director directly owned 216,333 shares in the company, valued at $27,247,141.35. The trade was a 3.57% 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 312,444 shares of company stock valued at $43,807,814 in the last quarter. Corporate insiders own 3.39% of the company's stock.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Zacks upgraded Arista from "hold" to "strong-buy", which can drive buying interest from retail and momentum-focused funds. Read More.
• Positive Sentiment: Multiple pieces highlight Arista as a beneficiary of rising AI infrastructure demand (hyperscale data centers, low‑latency/high‑throughput networking), reinforcing revenue growth expectations. This thematic bullishness supports higher multiple expansion for ANET. Read More.
• Positive Sentiment: Recent coverage notes Arista outperformed the broader market in the latest session, reflecting short‑term buying momentum. Read More.
• Neutral Sentiment: Peers show accelerating demand: Cisco reported strong AI‑driven networking growth and Ciena is lifting capex amid backlog and orders — these validate a broader market tailwind for network vendors but also signal intensifying competition and supply dynamics. Read More. Read More.
• Neutral Sentiment: Several market pieces review analyst sentiment and what to expect for Arista's next earnings — these can amplify volatility around guidance and estimates but don't by themselves change fundamentals. Read More.
• Negative Sentiment: CEO Jayshree Ullal sold 112,812 shares at an average $150.11 under a pre‑arranged 10b5‑1 plan, cutting her reported direct ownership sharply. Large insider sales can put short‑term pressure on sentiment even when executed under a trading plan. Read More.

About Arista Networks

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.

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