Wedge Capital Management L L P NC Sells 30,508 Shares of Arista Networks, Inc. $ANET

Key Points

• Wedge Capital trimmed its Arista position by 6.5%, selling 30,508 shares and leaving 435,962 shares valued at about $57.1 million, making ANET its 22nd largest holding.
• Significant insider selling occurred recently — insiders sold 199,632 shares worth roughly $26.9 million over the last three months (including Charles H. Giancarlo and Kenneth Duda), leaving insiders with 3.39% ownership.
• Company fundamentals and outlook: Arista beat Q4 estimates (EPS $0.82 vs. $0.75; revenue $2.49B, +28.9% YoY), maintains high margins and a ~$152B market cap, and carries a "Moderate Buy" analyst consensus with an average target of $176.47.

Wedge Capital Management L L P NC lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,962 shares of the technology company's stock after selling 30,508 shares during the quarter. Arista Networks comprises 1.0% of Wedge Capital Management L L P NC's investment portfolio, making the stock its 22nd largest position. Wedge Capital Management L L P NC's holdings in Arista Networks were worth $57,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ANET. Walkner Condon Financial Advisors LLC lifted its position in Arista Networks by 0.4% during the third quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company's stock valued at $2,697,000 after purchasing an additional 70 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock worth $29,000 after buying an additional 72 shares during the last quarter. Crown Wealth Group LLC raised its position in shares of Arista Networks by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock valued at $463,000 after buying an additional 75 shares in the last quarter. Fragasso Financial Advisors Inc raised its position in shares of Arista Networks by 1.8% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company's stock valued at $616,000 after buying an additional 76 shares in the last quarter. Finally, West Family Investments Inc. lifted its holdings in shares of Arista Networks by 0.9% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

More Arista Networks News

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

• Positive Sentiment: Erste Group raised FY2026 and FY2027 EPS forecasts for Arista, a modest lift to forward earnings expectations that supports longer‑term growth assumptions. Erste Group raises EPS estimates (MarketBeat)
• Positive Sentiment: The Motley Fool argues Arista is "quietly winning the AI race," highlighting Arista’s strength in high‑performance networking for large data centers — a structural tailwind as AI infrastructure spending grows. The 1 Reason Arista Networks Is Quietly Winning the AI Race in 2026
• Neutral Sentiment: Zacks highlights Arista as a "strong growth stock" using style scores, which may attract growth‑oriented investors but is not new fundamental news. Here's Why Arista Networks (ANET) is a Strong Growth Stock
• Neutral Sentiment: Zacks also flags ANET as a trending/most‑searched stock, signaling heightened retail/institutional attention that can increase short‑term volatility without changing fundamentals. Arista Networks, Inc. (ANET) Is a Trending Stock
• Neutral Sentiment: Analyses assessing Arista’s valuation note mixed near‑term returns versus strong multi‑year shareholder gains — a reminder valuation could cap upside after a big run. Assessing Arista Networks (ANET) Valuation
• Negative Sentiment: Coverage on Nvidia’s networking unit shows NVDA scaling into high‑speed interconnects for AI — a competitive dynamic that could pressure Arista on pricing and market share in GPU‑dense data centers. Is NVDA's Networking Unit Becoming a Core Growth Engine?

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $128.67, for a total transaction of $1,029,360.00. Following the transaction, the director directly owned 1,784 shares of the company's stock, valued at approximately $229,547.28. The trade was a 81.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 32,000 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $1,740,600.64. This trade represents a 71.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 199,632 shares of company stock worth $26,936,324. Insiders own 3.39% of the company's stock.

Arista Networks Price Performance

ANET opened at $120.96 on Friday. The stock's 50 day simple moving average is $135.49 and its 200 day simple moving average is $136.90. The firm has a market cap of $151.99 billion, a price-to-earnings ratio of 43.83, a PEG ratio of 2.17 and a beta of 1.46. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $164.94.

Arista Networks (NYSE:ANET - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $2.38 billion. During the same period in the previous year, the firm earned $0.66 earnings per share. The firm's revenue for the quarter was up 28.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on ANET shares. Evercore reiterated an "outperform" rating and issued a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Barclays reaffirmed an "overweight" rating and set a $184.00 price target (up from $183.00) on shares of Arista Networks in a research note on Friday, February 13th. Rosenblatt Securities upped their price objective on Arista Networks from $140.00 to $165.00 and gave the stock a "neutral" rating in a report on Tuesday, February 10th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Arista Networks in a research report on Monday, December 29th. Finally, Needham & Company LLC raised their price objective on Arista Networks from $165.00 to $185.00 and gave the company a "buy" rating in a report on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.47.

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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