Lebenthal Global Advisors LLC Boosts Position in Arista Networks, Inc. $ANET

Key Points

• Lebenthal Global Advisors LLC boosted its Arista position by 39.8% in Q4, buying an additional 8,807 shares to hold 30,948 shares worth about $4.06 million.
• Arista posted an earnings beat (Q EPS $0.82 vs. $0.75 expected) with revenue of $2.49B (+28.9% YoY), prompting analyst upgrades and higher price targets as AI‑networking demand lifts the stock toward a 52‑week high.
• Significant insider selling is notable—CEO Jayshree Ullal sold 350,000 shares (~$55.8M) and insiders disposed of over 1.07M shares (~$170.5M) in the past 90 days—adding potential near‑term selling pressure.

Lebenthal Global Advisors LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,948 shares of the technology company's stock after purchasing an additional 8,807 shares during the quarter. Lebenthal Global Advisors LLC's holdings in Arista Networks were worth $4,055,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the fourth quarter worth $26,000. AdvisorNet Financial Inc lifted its position 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 acquiring 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 Arista Networks by 141.3% in the 3rd 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. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Trading Down 2.9%

NYSE ANET opened at $172.55 on Friday. The business's 50-day moving average price is $138.76 and its 200 day moving average price is $137.13. Arista Networks, Inc. has a twelve month low of $71.56 and a twelve month high of $178.48. The company has a market capitalization of $217.27 billion, a PE ratio of 62.52, a price-to-earnings-growth ratio of 3.12 and a beta of 1.48.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. The company had revenue of $2.49 billion for 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 company's quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Equities analysts predict that Arista Networks, Inc. will post 3.17 EPS for the current year.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 32,000 shares of the firm's stock in a transaction dated 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 directly owned 12,976 shares in the company, valued at $1,848,301.44. This trade represents a 71.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jayshree Ullal sold 350,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $159.32, for a total value of $55,762,000.00. Following the completion of the transaction, the chief executive officer owned 5,333,207 shares in the company, valued at approximately $849,686,539.24. This trade represents a 6.16% 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. Over the last 90 days, insiders sold 1,074,729 shares of company stock worth $170,483,639. Company insiders own 3.39% of the company's stock.

Analysts Set New Price Targets

ANET has been the subject of a number of analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Susquehanna raised shares of Arista Networks to a "strong-buy" rating in a research report on Wednesday, April 1st. Weiss Ratings raised shares of Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, April 14th. Evercore reissued an "outperform" rating and issued a $200.00 price objective on shares of Arista Networks in a research report on Friday, February 13th. Finally, Piper Sandler reiterated an "overweight" rating and set a $175.00 target price (up from $159.00) on shares of Arista Networks in a research report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $177.83.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Google’s new “Virgo” AI datacenter architecture and commentary that Arista is well‑positioned to supply AI networking gear have driven momentum and helped push ANET to a 52‑week high. Read More.
• Positive Sentiment: Analysts and the company have materially increased AI‑networking market assumptions (reports say Arista effectively doubled its AI networking target), expanding the TAM and supporting higher forward multiples. Read More.
• Positive Sentiment: Buy‑side and sell‑side notes (Seeking Alpha coverage and multiple price‑target raises) argue heavy capex demand from AI customers justifies ANET’s premium valuation; Q1 earnings on May 5 is flagged as a likely beat‑and‑raise catalyst. Read More.
• Positive Sentiment: Institutional accumulation and retail momentum (including media mentions such as Jim Cramer) have increased buying interest and liquidity into the name. Read More.
• Neutral Sentiment: Multiple bullish writeups summarize a strong buy thesis tied to market share in high‑performance switching and AI demand — useful context but reflect already elevated expectations. Read More.
• Neutral Sentiment: Analyst price‑target lifts and “overweight/buy” consensus help momentum but also raise the bar for future earnings surprises. Read More.
• Negative Sentiment: Large insider selling by CEO Jayshree Ullal (multiple recent 10b5‑1 sales totaling tens of millions) is generating negative headlines and added near‑term selling pressure despite being pre‑arranged. Read More.
• Negative Sentiment: Additional insider sales (executive stock disposals disclosed in SEC filings) amplify the perception of management profit‑taking and can weigh on price into earnings. 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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