Concurrent Investment Advisors LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 226.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 56,247 shares of the technology company's stock after acquiring an additional 39,024 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Arista Networks were worth $7,370,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Walkner Condon Financial Advisors LLC raised its holdings in shares of Arista Networks by 0.4% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company's stock valued at $2,697,000 after purchasing an additional 70 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company's stock worth $2,133,000 after purchasing an additional 70 shares in the last quarter. United Asset Strategies Inc. increased its position in Arista Networks by 1.2% during the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company's stock worth $827,000 after buying an additional 72 shares during the last quarter. Crown Wealth Group LLC increased its position in Arista Networks by 2.4% during the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock worth $463,000 after buying an additional 75 shares during the last quarter. Finally, West Family Investments Inc. raised its holdings in Arista Networks by 0.9% during the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company's stock valued at $1,219,000 after buying an additional 76 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Arista Networks Stock Performance
Arista Networks stock opened at $176.76 on Monday. The business's 50-day simple moving average is $139.47 and its 200-day simple moving average is $137.12. The firm has a market capitalization of $222.57 billion, a PE ratio of 64.04, a PEG ratio of 3.11 and a beta of 1.48. Arista Networks, Inc. has a 52 week low of $76.01 and a 52 week high of $179.80.
Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The firm's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.17 earnings per share for the current year.
More Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Analysts and media highlight Arista as a direct beneficiary of Google’s new "Virgo" AI datacenter architecture; that narrative helped lift momentum and contributed to new highs. Arista poised to benefit from Google’s Virgo
- Positive Sentiment: Company/analyst commentary says Arista materially raised its AI‑networking market assumptions (effectively expanding the TAM), supporting higher forward multiples and investor willingness to pay a premium for AI exposure. Arista Doubles AI Networking Target
- Positive Sentiment: Street and research notes (Zacks and others) flag ANET as likely to top upcoming quarterly estimates as AI capex, 5G/fiber demand and datacenter upgrades lift networking spend — Q1 (May 5) is a potential catalyst for upgrades. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
- Positive Sentiment: Institutional accumulation and multiple analyst upgrades/price‑target increases have driven liquidity and momentum into ANET, reinforcing the current uptrend. MarketBeat Arista coverage and analyst targets
- Neutral Sentiment: Several bullish writeups recap Arista’s market share in high‑performance switching and AI networking; useful context for investors but reflect elevated expectations that increase the bar for surprises. Is Arista Networks, Inc. (ANET) A Good Stock To Buy Now?
- Negative Sentiment: Significant insider selling by CEO Jayshree Ullal (multiple pre‑arranged 10b5‑1 sales totaling tens of millions over recent days) is generating selling pressure and negative headlines despite being scheduled trades. Jayshree Ullal Sells 93,861 Shares
- Negative Sentiment: Additional insider dispositions (EVP and other executives) amplify perception of management profit‑taking and can increase short‑term volatility into the earnings date. Kenneth Duda SEC filing
Insider Buying and Selling
In other news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction that occurred 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 directly owned 5,209,207 shares of the company's stock, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $142.44, for a total transaction of $4,558,080.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $1,848,301.44. The trade was a 71.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,502,729 shares of company stock valued at $246,427,959. Corporate insiders own 3.54% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ANET. Wells Fargo & Company boosted their price target on Arista Networks from $175.00 to $185.00 and gave the stock an "overweight" rating in a research report on Friday, February 13th. TD Cowen assumed coverage on Arista Networks in a research note on Thursday, March 12th. They issued a "buy" rating and a $170.00 price objective on the stock. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, April 14th. Truist Financial started coverage on Arista Networks in a research report on Tuesday, March 31st. They set a "buy" rating and a $161.00 target price for the company. Finally, Needham & Company LLC increased their price target on Arista Networks from $165.00 to $185.00 and gave the company a "buy" rating in a report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $177.83.
Check Out Our Latest Stock Report on ANET
Arista Networks Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET - Free Report).
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