State of Wisconsin Investment Board Lowers Holdings in Arista Networks, Inc. $ANET

State of Wisconsin Investment Board decreased its stake in Arista Networks, Inc. (NYSE:ANET) by 6.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 553,065 shares of the technology company’s stock after selling 38,254 shares during the quarter. State of Wisconsin Investment Board’s holdings in Arista Networks were worth $72,468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after buying an additional 70 shares during the last quarter. United Asset Strategies Inc. boosted its stake in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock worth $827,000 after buying an additional 72 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after buying an additional 76 shares during the last quarter. Personal CFO Solutions LLC boosted its stake in shares of Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after buying an additional 76 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD boosted its stake in shares of Arista Networks by 2.2% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock worth $518,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ANET. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. UBS Group reiterated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Wolfe Research reiterated an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, Bank of America increased their price target on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $186.47.

Insider Activity

In other news, CEO Jayshree Ullal sold 428,000 shares of the firm’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 transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents 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 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 firm’s stock in a transaction that occurred on Friday, April 17th. The shares were 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 owned 12,976 shares in the company, valued at approximately $2,119,110.56. This trade represents a 71.15% 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. Insiders have sold a total of 2,343,747 shares of company stock worth $380,853,419 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

NYSE ANET opened at $168.48 on Wednesday. The company has a market cap of $212.15 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.61. The stock’s 50 day simple moving average is $156.12 and its 200-day simple moving average is $140.71. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.