Northeast Investment Management Buys 3,087 Shares of Arista Networks, Inc. $ANET

Northeast Investment Management boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 20.1% in the 1st quarter, HoldingsChannel reports. The fund owned 18,414 shares of the technology company’s stock after buying an additional 3,087 shares during the quarter. Northeast Investment Management’s holdings in Arista Networks were worth $2,261,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hoxton Planning & Management LLC boosted its stake in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after purchasing an additional 68 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after buying an additional 70 shares during the period. United Asset Strategies Inc. raised its holdings in Arista Networks by 1.2% during the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after buying an additional 72 shares during the last quarter. West Family Investments Inc. raised its holdings in Arista Networks by 0.9% during the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock valued at $1,219,000 after buying an additional 76 shares during the last quarter. Finally, Personal CFO Solutions LLC grew its holdings in Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after acquiring an additional 76 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANET shares. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. KeyCorp restated an “overweight” rating and set a $200.00 price target (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $187.63.

Arista Networks Trading Up 2.4%

Shares of ANET opened at $165.54 on Friday. Arista Networks, Inc. has a 1-year low of $97.14 and a 1-year high of $179.80. The firm’s 50-day moving average price is $159.41 and its 200-day moving average price is $142.61. The firm has a market capitalization of $208.45 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 2.49 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. Arista Networks’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents 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, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 2,647,080 shares of company stock valued at $431,329,762. 2.70% of the stock is currently owned by company insiders.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: KeyBanc raised its price target on Arista Networks to $200 from $178 and kept an Overweight rating, reinforcing the view that the company remains a leading AI networking beneficiary. KeyBanc Raises PT on Arista Networks (ANET) Stock
• Positive Sentiment: Arista unveiled 1.6-terabit networking platforms and said 800-gig deployments are gaining traction, which supports the investment case that its AI and cloud data-center product cycle is still expanding. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: A new analysis highlighted that Arista’s pre-AI balance sheet and backlog of unbooked sales were signaling strong future demand well before the current AI boom, suggesting the company’s growth story may still have room to run. What Arista Networks Stock’s Balance Sheet Revealed Before the AI Boom

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.