Savant Capital LLC Lowers Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Savant Capital LLC cut its stake in Arista Networks by 67.4% in the fourth quarter, selling 81,372 shares and ending with 39,287 shares valued at about $5.15 million.
• Despite that reduction, institutional ownership remains high, with hedge funds and other institutions holding about 82.47% of Arista’s stock. Several other funds either increased positions or opened new ones during the period.
• Wall Street remains bullish on ANET: multiple analysts raised price targets, the consensus rating is Buy, and Arista’s latest earnings beat expectations with 35.1% revenue growth year over year.

Savant Capital LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 67.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,287 shares of the technology company's stock after selling 81,372 shares during the quarter. Savant Capital LLC's holdings in Arista Networks were worth $5,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ANET. Brighton Jones LLC boosted its stake in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $251,000. Sivia Capital Partners LLC boosted its stake in shares of 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 boosted its stake in shares of 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. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of analyst reports. KeyCorp restated an "overweight" rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Rosenblatt Securities lifted their price target on Arista Networks from $180.00 to $210.00 and gave the company a "buy" rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. The Goldman Sachs Group restated a "buy" rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Finally, Piper Sandler restated an "overweight" rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $185.72.

Arista Networks News Summary

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

• Positive Sentiment: Zacks highlighted Arista Networks as a strong growth stock, pointing to its appeal across growth and momentum screens and reinforcing the view that ANET remains a high-quality long-term compounder. Article Title
• Positive Sentiment: Another Zacks note said ANET is benefiting from AI infrastructure spending, with hyperscalers expanding networks and driving demand for next-generation Ethernet products, which supports the company’s growth outlook. Article Title
• Positive Sentiment: Wall Street remains constructive on Arista Networks, with multiple analysts reiterating Buy/Overweight ratings and lifting price targets, reflecting confidence in continued revenue and earnings growth.
• Positive Sentiment: Recent earnings were solid, with Arista beating EPS and revenue estimates and posting 35% year-over-year revenue growth, which continues to underpin bullish sentiment.
• Neutral Sentiment: Institutional ownership remains high, and several small new positions were reported, but these filings are unlikely to be a major near-term driver on their own.
• Negative Sentiment: Recent insider sales by CFO Chantelle Yvette Breithaupt, CEO Jayshree Ullal, and major shareholder Andreas Bechtolsheim may create some short-term caution, even though the trades were made under pre-arranged 10b5-1 plans.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 5,209,207 shares of the company's stock, valued at $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company's stock, valued at approximately $2,119,110.56. This trade represents a 71.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,943,142 shares of company stock valued at $314,618,583 over the last three months. 2.70% of the stock is currently owned by insiders.

Arista Networks Stock Up 2.5%

NYSE ANET opened at $159.09 on Friday. Arista Networks, Inc. has a fifty-two week low of $83.86 and a fifty-two week high of $179.80. The stock has a market cap of $200.33 billion, a price-to-earnings ratio of 54.48, a price-to-earnings-growth ratio of 2.46 and a beta of 1.67. The business has a fifty day moving average of $147.52 and a 200-day moving average of $137.61.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.