Handelsbanken Fonder AB Sells 61,902 Shares of Arista Networks, Inc. $ANET

Handelsbanken Fonder AB reduced its position in Arista Networks, Inc. (NYSE:ANET) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,143,180 shares of the technology company’s stock after selling 61,902 shares during the period. Handelsbanken Fonder AB’s holdings in Arista Networks were worth $149,791,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ANET. Board of the Pension Protection Fund purchased a new position in Arista Networks during the 4th quarter valued at about $26,000. Knuff & Co LLC purchased a new position in Arista Networks during the 3rd quarter valued at about $29,000. Ameliora Wealth Management Ltd. purchased a new position in Arista Networks during the 4th quarter valued at about $30,000. Quarry LP purchased a new position in Arista Networks during the 3rd quarter valued at about $33,000. Finally, Ares Financial Consulting LLC purchased a new position in Arista Networks during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent analyst reports. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Finally, Susquehanna raised Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $181.84.

Arista Networks Trading Down 0.2%

Shares of NYSE ANET opened at $141.72 on Tuesday. Arista Networks, Inc. has a 12 month low of $83.86 and a 12 month high of $179.80. The firm has a market capitalization of $178.46 billion, a price-to-earnings ratio of 48.54, a PEG ratio of 2.18 and a beta of 1.67. The business has a 50-day moving average of $144.62 and a 200-day moving average of $137.40.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Arista Networks’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the company’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 completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s 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 sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. 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 sold 1,444,729 shares of company stock valued at $238,448,539. 2.70% of the stock is owned by corporate insiders.

Arista Networks 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.