Pictet Asset Management Holding SA Has $298.87 Million Stock Holdings in Arista Networks, Inc. $ANET

Pictet Asset Management Holding SA raised its stake in Arista Networks, Inc. (NYSE:ANET) by 310.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,280,122 shares of the technology company’s stock after buying an additional 1,724,758 shares during the period. Pictet Asset Management Holding SA’s holdings in Arista Networks were worth $298,868,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. James Investment Research Inc. increased its holdings in Arista Networks by 7.9% in the 4th quarter. James Investment Research Inc. now owns 3,338 shares of the technology company’s stock worth $437,000 after purchasing an additional 245 shares in the last quarter. Deltec Asset Management LLC acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $432,000. Facet Wealth Inc. bought a new position in Arista Networks in the 4th quarter valued at approximately $271,000. Axecap Investments LLC bought a new position in Arista Networks in the 4th quarter valued at approximately $3,953,000. Finally, Abacus FCF Advisors LLC acquired a new stake in Arista Networks during the 4th quarter worth approximately $17,073,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Arista Networks stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $142.44, for a total transaction of $4,558,080.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,848,301.44. This represents a 71.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,502,729 shares of company stock worth $246,427,959 over the last ninety days. Insiders own 3.54% of the company’s stock.

Arista Networks News Summary

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

• Positive Sentiment: Analysts and media highlight Arista as a direct beneficiary of Google’s new “Virgo” AI datacenter architecture; that narrative helped lift momentum and contributed to new highs. Arista poised to benefit from Google’s Virgo
• Positive Sentiment: Company/analyst commentary says Arista materially raised its AI‑networking market assumptions (effectively expanding the TAM), supporting higher forward multiples and investor willingness to pay a premium for AI exposure. Arista Doubles AI Networking Target
• Positive Sentiment: Street and research notes (Zacks and others) flag ANET as likely to top upcoming quarterly estimates as AI capex, 5G/fiber demand and datacenter upgrades lift networking spend — Q1 (May 5) is a potential catalyst for upgrades. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
• Positive Sentiment: Institutional accumulation and multiple analyst upgrades/price‑target increases have driven liquidity and momentum into ANET, reinforcing the current uptrend. MarketBeat Arista coverage and analyst targets
• Neutral Sentiment: Several bullish writeups recap Arista’s market share in high‑performance switching and AI networking; useful context for investors but reflect elevated expectations that increase the bar for surprises. Is Arista Networks, Inc. (ANET) A Good Stock To Buy Now?
• Negative Sentiment: Significant insider selling by CEO Jayshree Ullal (multiple pre‑arranged 10b5‑1 sales totaling tens of millions over recent days) is generating selling pressure and negative headlines despite being scheduled trades. Jayshree Ullal Sells 93,861 Shares
• Negative Sentiment: Additional insider dispositions (EVP and other executives) amplify perception of management profit‑taking and can increase short‑term volatility into the earnings date. Kenneth Duda SEC filing

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANET. Needham & Company LLC upped their price target on shares of Arista Networks from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Evercore reaffirmed an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a report on Friday, February 13th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, April 14th. Finally, KeyCorp restated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $177.83.

Arista Networks Trading Down 0.1%

Shares of NYSE ANET opened at $176.76 on Monday. The firm’s 50-day moving average price is $139.47 and its 200-day moving average price is $137.12. The firm has a market capitalization of $222.57 billion, a P/E ratio of 64.04, a P/E/G ratio of 3.11 and a beta of 1.48. Arista Networks, Inc. has a 1-year low of $76.01 and a 1-year high of $179.80.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 earnings per share. Equities research analysts forecast that Arista Networks, Inc. will post 3.17 EPS for the current 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.