Mitsubishi UFJ Asset Management Co. Ltd. Has $438 Million Holdings in Arista Networks, Inc. $ANET

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 8.7% during the second quarter, HoldingsChannel.com reports. The firm owned 2,578,287 shares of the technology company’s stock after buying an additional 205,919 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Arista Networks were worth $437,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ANET. Lighthouse Financial Services Inc. ADV bought a new position in shares of Arista Networks during the 4th quarter worth about $1,549,000. Bensler LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at about $6,350,000. QRG Capital Management Inc. increased its stake in Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after acquiring an additional 10,217 shares during the period. Jefferies Financial Group Inc. increased its stake in Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after acquiring an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. acquired a new position in Arista Networks in the fourth quarter worth about $3,058,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 573,509 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $5,203,250. This represents a 95.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 111,848 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the completion of the sale, the insider directly owned 109,833 shares of the company’s stock, valued at approximately $21,170,310.75. This represents a 50.45% 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 have sold 4,335,168 shares of company stock worth $798,637,629. 2.70% of the stock is owned by insiders.

Arista Networks Stock Performance

Shares of ANET stock opened at $202.05 on Tuesday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a market capitalization of $254.83 billion, a PE ratio of 63.74, a PEG ratio of 2.06 and a beta of 1.60. The stock’s fifty day moving average is $175.00 and its 200-day moving average is $155.18.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ANET. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research note on Friday, May 15th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $226.05.

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.