Erste Asset Management GmbH Reduces Position in Arista Networks, Inc. $ANET

Erste Asset Management GmbH lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,405 shares of the technology company’s stock after selling 207,935 shares during the quarter. Erste Asset Management GmbH’s holdings in Arista Networks were worth $14,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of ANET. Norges Bank purchased a new position in shares of Arista Networks during the 4th quarter worth $1,558,563,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after buying an additional 4,332,659 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after buying an additional 1,724,758 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at $198,285,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $163.06, for a total value of $39,134,400.00. Following the transaction, the insider directly owned 331,848 shares in the company, valued at $54,111,134.88. This represents a 41.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 2,183,142 shares of company stock worth $354,076,343 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ANET shares. Morgan Stanley restated an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research note on Friday, May 1st. UBS Group reiterated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Barclays reiterated an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. TD Cowen reiterated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, KeyCorp reiterated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $186.47.

Arista Networks Trading Up 1.3%

Shares of NYSE:ANET opened at $156.32 on Tuesday. The company has a market capitalization of $196.83 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 2.38 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The firm’s 50-day moving average is $151.65 and its 200 day moving average is $139.13.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities analysts forecast 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.