Fire Capital Management LLC Grows Position in Arista Networks, Inc. $ANET

Fire Capital Management LLC boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 36.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,069 shares of the technology company’s stock after buying an additional 4,051 shares during the quarter. Arista Networks accounts for approximately 1.0% of Fire Capital Management LLC’s portfolio, making the stock its 28th biggest position. Fire Capital Management LLC’s holdings in Arista Networks were worth $1,974,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ANET. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the 4th quarter valued at $26,000. Knuff & Co LLC purchased a new stake in Arista Networks in the 3rd quarter valued at $29,000. Ameliora Wealth Management Ltd. bought a new position in Arista Networks in the 4th quarter valued at $30,000. Richardson Financial Services Inc. grew its stake in Arista Networks by 141.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after purchasing an additional 130 shares during the period. Finally, Quarry LP bought a new position in Arista Networks in the 3rd quarter valued at $33,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANET has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday. TD Cowen restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday. KeyCorp restated an “overweight” rating and issued a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $185.00 price objective on shares of Arista Networks in a research note on Wednesday. Finally, Evercore restated an “outperform” rating and issued a $200.00 price objective on shares of Arista Networks in a research note on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks presently has an average rating of “Buy” and an average price target of $182.22.

Arista Networks Stock Down 13.6%

NYSE:ANET opened at $147.09 on Thursday. The business’s 50-day moving average price is $142.99 and its two-hundred day moving average price is $137.88. Arista Networks, Inc. has a twelve month low of $82.80 and a twelve month high of $179.80. The stock has a market cap of $185.21 billion, a P/E ratio of 50.37, a PEG ratio of 2.99 and a beta of 1.67.

Arista Networks (NYSE:ANET) last released its quarterly 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. Arista Networks had a return on equity of 31.23% and a net margin of 38.32%.The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s 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. On average, equities research analysts expect that Arista Networks, Inc. will post 3.17 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This trade represents a 71.15% decrease in their position. The transaction 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, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total value of $1,378,127.80. Following the transaction, the chief financial officer directly owned 60,734 shares in the company, valued at approximately $9,414,984.68. This represents a 12.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,502,729 shares of company stock worth $246,707,719. 3.39% of the stock is owned by insiders.

Arista Networks News Roundup

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

• Positive Sentiment: Q1 beat — Arista reported Q1 revenue up ~35% YoY to $2.71B and EPS of $0.87 (vs. ~$0.81 consensus), underscoring robust AI/data‑center demand. Zacks: Arista Beats Q1
• Positive Sentiment: Q2 EPS guide modestly ahead — Management set Q2 EPS at $0.88, above street expectations, signaling continued profitability into the next quarter. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Analyst upgrades/raises — Rosenblatt raised its price target to $210 and Needham reaffirmed a $185 target, reflecting continued bullish views on Arista’s AI networking exposure. Benzinga: Rosenblatt/Needham Notes
• Neutral Sentiment: Consensus view stays constructive — Street consensus PT sits near $178.67 and the majority of analysts retain Buy/Outperform ratings, leaving longer‑term sentiment positive though expectations are high. AmericanBankingNews: Consensus PT
• Negative Sentiment: After‑hours sell‑off and volatility — The stock fell sharply in after‑hours trading despite the beat, indicating profit‑taking and disappointment versus elevated expectations. Yahoo: Stock Down After Beats
• Negative Sentiment: Margin/guidance nuance — Several outlets noted gross margin landed slightly below estimates and that guidance didn’t clearly beat on revenue/margins, which likely triggered short‑term selling. Seeking Alpha: Margin Note
• Negative Sentiment: Insider sale highlighted — Director Charles Giancarlo sold 8,000 shares under a pre‑arranged 10b5‑1 plan; while routine, such disclosures can weigh on sentiment in a volatile session. SEC: Insider Filing
• Negative Sentiment: Analyst PT tweak downward — Citigroup trimmed its PT from $176 to $173 (still a Buy), a modest hit to the high‑expectations backdrop. Benzinga: Citigroup PT Cut

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.