Renaissance Group LLC Has $39.64 Million Stock Holdings in Arista Networks, Inc. $ANET

Renaissance Group LLC trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 5.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 302,548 shares of the technology company’s stock after selling 18,473 shares during the quarter. Arista Networks makes up 1.6% of Renaissance Group LLC’s portfolio, making the stock its 10th biggest position. Renaissance Group LLC’s holdings in Arista Networks were worth $39,643,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Knuff & Co LLC bought a new stake in shares of Arista Networks in the third quarter valued at about $29,000. Board of the Pension Protection Fund bought a new position in Arista Networks during the 4th quarter worth about $26,000. Quarry LP purchased a new position in Arista Networks during the 3rd quarter valued at about $33,000. Ameliora Wealth Management Ltd. purchased a new position in Arista Networks during the 4th quarter valued at about $30,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at about $34,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.3%

NYSE ANET opened at $151.71 on Thursday. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80. The company has a fifty day simple moving average of $152.99 and a two-hundred day simple moving average of $139.55. The stock has a market cap of $191.03 billion, a P/E ratio of 51.95, a P/E/G ratio of 2.35 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s quarterly 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. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total value of $384,336.00. Following the completion of the transaction, the chief financial officer directly owned 64,408 shares in the company, valued at $10,112,056. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at $1,537,531.68. This trade represents a 58.20% 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 2,403,142 shares of company stock worth $388,820,943 in the last quarter. 2.70% of the stock is owned by insiders.

Key Arista Networks News

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

• Positive Sentiment: Arista introduced its new 7060XE7 Series 1.6T networking platforms for rack-scale AI infrastructure, reinforcing its role as a key supplier in AI data center buildouts. Article Title
• Positive Sentiment: Analysts remain constructive after Arista’s strong quarterly results, with several raising price targets and reiterating Buy ratings, which supports the bull case for continued earnings momentum. Article Title
• Positive Sentiment: Coverage also highlighted Arista’s debt-free balance sheet, rising cash reserves, and strong operating cash flow, suggesting the company can keep investing in AI and cloud growth. Article Title
• Neutral Sentiment: Several stories framed Arista as a major beneficiary of the AI infrastructure buildout, but this is more of a reaffirmation of the long-term growth story than a new catalyst. Article Title
• Negative Sentiment: Major shareholder Andreas Bechtolsheim disclosed another large stock sale under a pre-arranged 10b5-1 plan. While routine, repeated insider selling can still pressure sentiment on ANET. Article Title

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group reaffirmed a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. TD Cowen reissued 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, May 6th. Evercore restated an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a report on Friday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Barclays reiterated an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and a consensus price target of $185.95.

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.