Sigma Planning Corp Lowers Holdings in Arista Networks, Inc. $ANET

Key Points

• Sigma Planning Corp cut its stake in Arista by 36.9% in Q4, selling 9,473 shares and leaving it with 16,188 shares valued at about $2.25 million.
• Significant insider selling has occurred recently — CEO Jayshree Ullal sold 428,000 shares (≈$75.9M) under a 10b5-1 plan and insiders have sold ~1.50 million shares (~$246.4M) in the past 90 days.
• Arista beat Q results, reporting $0.82 EPS vs. $0.75 expected and $2.49B revenue (+28.9% YoY), while analysts maintain a consensus "Buy" rating with an average target of $178.67 amid a premium valuation (P/E ~62.6).

Sigma Planning Corp cut its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 36.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,188 shares of the technology company's stock after selling 9,473 shares during the quarter. Sigma Planning Corp's holdings in Arista Networks were worth $2,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the 4th quarter worth approximately $26,000. Knuff & Co LLC purchased a new stake in Arista Networks in the 3rd quarter worth approximately $29,000. Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. lifted its stake in Arista Networks by 141.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company's stock worth $32,000 after purchasing an additional 130 shares in the last quarter. Finally, Quarry LP purchased a new stake in Arista Networks in the 3rd quarter worth approximately $33,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Arista Networks stock opened at $172.76 on Friday. The firm's fifty day moving average price is $141.84 and its 200-day moving average price is $137.69. The stock has a market cap of $217.53 billion, a P/E ratio of 62.59, a price-to-earnings-growth ratio of 3.03 and a beta of 1.67. Arista Networks, Inc. has a fifty-two week low of $82.80 and a fifty-two week high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating 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 firm had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter last year, the company posted $0.66 EPS. The business's quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts predict that Arista Networks, Inc. will post 3.17 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $142.44, for a total transaction of $4,558,080.00. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at approximately $1,848,301.44. This trade represents a 71.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayshree Ullal sold 428,000 shares of the 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 transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,502,729 shares of company stock worth $246,427,959. 3.39% of the stock is owned by insiders.

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 Upgrades and Downgrades

Several research firms have issued reports on ANET. Truist Financial began coverage on shares of Arista Networks in a research note on Tuesday, March 31st. They issued a "buy" rating and a $161.00 target price on the stock. KeyCorp reiterated an "overweight" rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Rosenblatt Securities upgraded shares of Arista Networks from a "neutral" rating to a "buy" rating and raised their price objective for the company from $165.00 to $180.00 in a research report on Tuesday, April 7th. The Goldman Sachs Group restated a "buy" rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Barclays restated an "overweight" rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $178.67.

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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