Arista Networks, Inc. $ANET Shares Acquired by Kestra Private Wealth Services LLC

Key Points

• Kestra Private Wealth Services increased its Arista Networks stake by 6.1% in the first quarter, owning 111,441 shares valued at about $13.7 million after buying 6,408 additional shares.
• Arista’s latest earnings beat expectations, with Q1 revenue of $2.71 billion and EPS of $0.87, both ahead of analyst estimates; revenue also rose 35.1% year over year.
• The company continues to draw upbeat Wall Street and industry attention thanks to its AI and cloud networking momentum, including new 1.6-terabit platforms, though recent insider sales and a slight stock dip have added some short-term caution.

Kestra Private Wealth Services LLC lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 6.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,441 shares of the technology company's stock after acquiring an additional 6,408 shares during the period. Kestra Private Wealth Services LLC's holdings in Arista Networks were worth $13,683,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ANET. Vanguard Group Inc. increased its position in Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company's stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the last quarter. State Street Corp raised its stake in Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company's stock worth $6,154,570,000 after purchasing an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company's stock worth $4,870,618,000 after purchasing an additional 380,724 shares during the period. Geode Capital Management LLC boosted its holdings in Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock valued at $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Finally, Norges Bank acquired a new position in Arista Networks in the 4th quarter valued at about $1,558,563,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In related news, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the sale, the insider directly owned 12,976 shares in the company, valued at approximately $2,224,345.92. The trade was a 57.19% 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. In the last three months, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. Corporate insiders own 2.70% of the company's stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista unveiled new 1.6-terabit networking platforms as demand for 800-gig deployments continues to build, reinforcing its position in AI and cloud data-center networking. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Analyst commentary highlighted Arista as a beneficiary of pricing power and AI networking expansion, which supports the bull case for revenue growth. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Wall Street coverage remains broadly favorable, with analysts still viewing ANET as a good investment, though this is more a sentiment check than a new catalyst. Wall Street Analysts Think Arista Networks (ANET) Is a Good Investment: Is It?
• Negative Sentiment: Insider Kenneth Duda sold shares in two reported transactions, including a sizable block sale, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 plan. SEC filing for insider sale
• Negative Sentiment: Recent trading showed ANET underperforming peers and falling sharply versus the prior session, signaling near-term momentum weakness. Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note

Arista Networks Trading Down 0.3%

ANET stock opened at $161.69 on Thursday. The business's fifty day moving average price is $159.19 and its 200 day moving average price is $142.35. Arista Networks, Inc. has a 12-month low of $94.50 and a 12-month high of $179.80. The company has a market capitalization of $203.60 billion, a PE ratio of 55.37, a P/E/G ratio of 2.50 and a beta of 1.61.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks's revenue for the quarter was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ANET shares. Zacks Research downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Truist Financial set a $175.00 price objective on Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a "buy" rating in a research report on Wednesday, June 10th. Rosenblatt Securities raised their target price on Arista Networks from $180.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Finally, UBS Group restated a "buy" rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $187.63.

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.

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