Glynn Capital Management LLC Has $10.82 Million Stake in Arista Networks, Inc. $ANET

Key Points

• Glynn Capital Management cut its Arista Networks stake by 12.2% in the fourth quarter, leaving it with 82,567 shares valued at about $10.82 million.
• Arista Networks reported strong quarterly results, with EPS of $0.87 beating estimates and revenue of $2.71 billion, up 35.1% year over year.
• Analyst sentiment remains bullish overall, with a consensus rating of “Buy” and an average price target of $185.72, even as some firms recently upgraded or downgraded the stock.

Glynn Capital Management LLC decreased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,567 shares of the technology company's stock after selling 11,441 shares during the quarter. Arista Networks makes up about 3.7% of Glynn Capital Management LLC's investment portfolio, making the stock its 14th largest position. Glynn Capital Management LLC's holdings in Arista Networks were worth $10,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of ANET. Lighthouse Financial Services Inc. ADV bought a new position in Arista Networks in the 4th quarter valued at $1,549,000. Bensler LLC bought a new position in Arista Networks in the 4th quarter valued at $6,350,000. QRG Capital Management Inc. raised its position in Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company's stock valued at $22,224,000 after purchasing an additional 10,217 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in Arista Networks by 38.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company's stock valued at $96,480,000 after purchasing an additional 183,515 shares during the last quarter. Finally, Czech National Bank raised its position in shares of Arista Networks by 4.0% during the fourth quarter. Czech National Bank now owns 272,284 shares of the technology company's stock worth $35,677,000 after acquiring an additional 10,525 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ANET shares. Needham & Company LLC restated a "buy" rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a research report on Friday, May 15th. UBS Group restated a "buy" rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Finally, Evercore restated an "outperform" rating and set a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $185.72.

Arista Networks Trading Up 0.6%

NYSE ANET opened at $155.21 on Friday. The stock has a 50-day simple moving average of $147.06 and a 200 day simple moving average of $137.46. The company has a market capitalization of $195.44 billion, a PE ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a 12 month low of $83.86 and a 12 month high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm's revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the company's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the completion of the sale, the insider owned 182,803,048 shares in the company, valued at approximately $28,674,486,109.28. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 971 shares of the company's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total value of $136,843.03. Following the completion of the sale, the director owned 9,784 shares of the company's stock, valued at $1,378,859.12. This represents a 9.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,943,142 shares of company stock valued at $314,618,583 in the last ninety days. 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.

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