Pittenger & Anderson Inc. Sells 71,312 Shares of Arista Networks, Inc. $ANET

Key Points

• Pittenger & Anderson cut its Arista stake by 64.1% in Q4, selling 71,312 shares and leaving 39,892 shares valued at $5.227 million, while institutional investors still own 82.47% of the company.
• Insider selling has been significant — CEO Jayshree Ullal sold 428,000 shares (~$75.9M) under a Rule 10b5‑1 plan, and insiders have sold 1,502,729 shares (~$246.4M) over the last 90 days.
• Wall Street sentiment remains positive with a consensus "Buy" rating and a $178.67 target, backed by a recent earnings beat and 28.9% year‑over‑year revenue growth.

Pittenger & Anderson Inc. decreased its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 64.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,892 shares of the technology company's stock after selling 71,312 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Arista Networks were worth $5,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ANET. Brighton Jones LLC boosted its stake in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock worth $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC bought a new position in Arista Networks in the fourth quarter valued at approximately $251,000. Sivia Capital Partners LLC lifted its stake in Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company's stock valued at $1,097,000 after buying an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company's stock valued at $429,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were 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. The trade was a 71.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jayshree Ullal sold 428,000 shares of the company's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, 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. Over the last 90 days, insiders have sold 1,502,729 shares of company stock worth $246,427,959. 3.39% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ANET. TD Cowen began coverage on shares of Arista Networks in a research note on Thursday, March 12th. They issued a "buy" rating and a $170.00 price target on the stock. Susquehanna raised shares of Arista Networks to a "strong-buy" rating in a research note on Wednesday, April 1st. Rosenblatt Securities raised shares of Arista Networks from a "neutral" rating to a "buy" rating and lifted their price target for the company from $165.00 to $180.00 in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Finally, Zacks Research raised shares of Arista Networks from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $178.67.

Key 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?

Arista Networks Trading Up 0.0%

Shares of ANET opened at $172.76 on Friday. The company has a market cap of $217.53 billion, a price-to-earnings ratio of 62.59, a PEG ratio of 3.03 and a beta of 1.67. Arista Networks, Inc. has a 1-year low of $82.80 and a 1-year high of $179.80. The company's fifty day simple moving average is $141.84 and its 200 day simple moving average is $137.69.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.38 billion. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, research analysts forecast that Arista Networks, Inc. will post 3.17 earnings per share 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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