Arista Networks, Inc. $ANET Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 8.1% during the fourth quarter, HoldingsChannel reports. The firm owned 457,880 shares of the technology company’s stock after selling 40,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Arista Networks were worth $59,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ANET. Massachusetts Financial Services Co. MA lifted its stake in shares of Arista Networks by 2,829.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock worth $833,630,000 after purchasing an additional 5,525,828 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after purchasing an additional 4,332,659 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after purchasing an additional 3,890,146 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Arista Networks by 310.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock worth $298,868,000 after purchasing an additional 1,724,758 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Up 4.5%

Shares of ANET stock opened at $142.60 on Wednesday. The business has a 50 day moving average of $143.74 and a two-hundred day moving average of $137.75. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80. The company has a market cap of $179.56 billion, a P/E ratio of 48.83, a PEG ratio of 2.15 and a beta of 1.67.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. Arista Networks’s quarterly revenue 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. Analysts expect that Arista Networks, Inc. will post 3.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ANET shares. Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Wells Fargo & Company lifted their target price on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Rosenblatt Securities lifted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Susquehanna raised Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $182.83.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred 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 in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 that occurred on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,502,729 shares of company stock valued at $246,707,719. 3.54% of the stock is currently owned by insiders.

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.