Horizon Investments LLC Trims Position in Arista Networks, Inc. $ANET

Key Points

• Horizon Investments LLC trimmed its stake in Arista by 13.3% in Q4, selling 15,082 shares and leaving 98,228 shares worth about $12.87 million.
• Company insiders have been net sellers — notably CEO Jayshree Ullal sold 428,000 shares (~$75.9M) and insiders sold roughly 1.5 million shares (~$246.4M) in the last quarter, leaving insiders with 3.39% ownership.
• Wall Street remains broadly positive with multiple upgrades and an average rating of "Buy" (average price target $178.67), and Arista recently beat quarterly estimates with $0.82 EPS and $2.49B revenue, up 28.9% year‑over‑year.

Horizon Investments LLC lowered its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 98,228 shares of the technology company's stock after selling 15,082 shares during the quarter. Horizon Investments LLC's holdings in Arista Networks were worth $12,871,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walkner Condon Financial Advisors LLC grew its stake in shares of Arista Networks by 0.4% in 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 buying an additional 70 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Arista Networks by 0.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company's stock valued at $2,133,000 after buying an additional 70 shares during the period. United Asset Strategies Inc. lifted its holdings in Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company's stock valued at $827,000 after acquiring an additional 72 shares during the last quarter. Crown Wealth Group LLC lifted its holdings in Arista Networks by 2.4% in the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock valued at $463,000 after acquiring an additional 75 shares during the last quarter. Finally, West Family Investments Inc. grew its position in Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company's stock worth $1,219,000 after acquiring an additional 76 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

More Arista Networks News

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

• Positive Sentiment: Morgan Stanley expects Arista’s Q1 to benefit from new customer wins and margin resilience, reinforcing the view that demand tied to AI and hyperscale networking will support near-term revenue and profitability. Arista Networks' Q1 Results to Benefit From New Customers, Margin Resilience, Morgan Stanley Says
• Positive Sentiment: Coverage previews highlight Arista’s AI networking momentum and the XPO platform launch as catalysts that have driven upward estimate revisions and stronger investor interest ahead of earnings. Should You Add ANET Stock to Your Portfolio Ahead of Q1 Earnings?
• Neutral Sentiment: Wall Street analyst consensus remains positive (average rating ~Buy), which supports sentiment but also suggests expectations are highly baked into the stock’s premium multiple. Wall Street Analysts See Arista Networks (ANET) as a Buy: Should You Invest?
• Neutral Sentiment: Arista is a trending stock on investor platforms — increased attention can amplify intraday moves but doesn’t guarantee direction without confirming earnings/guide. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
• Negative Sentiment: Several write-ups warn that Arista’s premium valuation and elevated expectations may limit upside if the company only meets (not exceeds) Q1 results or issues cautious guidance. That raises the risk of a pullback even with strong underlying demand trends. Should You Add ANET Stock to Your Portfolio Ahead of Q1 Earnings?

Analyst Ratings Changes

Several research firms have issued reports on ANET. The Goldman Sachs Group reissued a "buy" rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Susquehanna raised shares of Arista Networks to a "strong-buy" rating in a research report on Wednesday, April 1st. Zacks Research raised shares of Arista Networks from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Weiss Ratings upgraded shares of Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, April 14th. Finally, 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 for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $178.67.

Insiders Place Their Bets

In related news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $142.44, for a total value of $4,558,080.00. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at $1,848,301.44. This represents a 71.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 428,000 shares of the firm's stock in a transaction on Wednesday, April 22nd. The shares were 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 in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,502,729 shares of company stock valued at $246,427,959. Insiders own 3.39% of the company's stock.

Arista Networks Stock Up 0.0%

Shares of NYSE:ANET opened at $172.76 on Friday. Arista Networks, Inc. has a fifty-two week low of $82.80 and a fifty-two week high of $179.80. The firm's 50 day moving average price is $141.84 and its 200 day moving average price is $137.76. The stock has a market cap of $217.53 billion, a price-to-earnings ratio of 62.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.48.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The firm's revenue was up 28.9% on a year-over-year basis. On average, equities analysts anticipate that Arista Networks, Inc. will post 3.17 EPS for the current year.

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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