Carmignac Gestion Sells 346,758 Shares of Arista Networks, Inc. $ANET

Carmignac Gestion cut its position in shares of Arista Networks, Inc. (NYSE:ANET) by 31.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747,026 shares of the technology company’s stock after selling 346,758 shares during the quarter. Arista Networks comprises about 1.4% of Carmignac Gestion’s holdings, making the stock its 19th largest position. Carmignac Gestion’s holdings in Arista Networks were worth $91,637,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of ANET. Intrua Financial LLC boosted its position in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares during the last quarter. NBT Bank N A NY raised its position in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares in the last quarter. Hoxton Planning & Management LLC raised its position in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after acquiring an additional 68 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after purchasing an additional 70 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in shares of Arista Networks by 8.7% in the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ANET. JPMorgan Chase & Co. raised their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Bank of America lifted their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. KeyCorp reiterated an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Finally, Barclays restated 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-two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and an average price target of $189.74.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction dated 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 completion of the transaction, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $140.08, for a total transaction of $4,482,560.00. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,817,678.08. The trade was a 71.15% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 2,300,316 shares of company stock valued at $382,160,575. Corporate insiders own 2.70% of the company’s stock.

Arista Networks News Roundup

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

• Positive Sentiment: AI demand and earnings expectations are lifting sentiment. Arista’s large AI-related sales, infrastructure positioning and upcoming earnings report are being cited as key reasons for investor enthusiasm. The company’s long-term share appreciation also reflects sustained institutional interest. Arista Networks’ Huge AI Sales, Upcoming Earnings Lift Shares
• Positive Sentiment: Analysts raised fiscal 2026 EPS estimates. The upward revision provides an additional bullish signal ahead of the company’s results and suggests expectations for continued earnings growth. FY2026 EPS Estimates for Arista Networks Lifted by Analyst
• Positive Sentiment: Arista is viewed as a higher-quality AI infrastructure investment. A comparison with BigBear.ai highlights Arista’s profitability, established networking business and ability to benefit from data-center and AI spending. Arista Networks vs. BigBear.ai: Which Tech Stock Is a Better Buy in 2026?
• Positive Sentiment: Fresh AI momentum supports the broader growth narrative. Recent coverage points to continued demand for Arista’s networking products as AI data centers expand, reinforcing the company’s strong revenue and profit outlook. Arista Networks Gains Fresh AI Momentum
• Negative Sentiment: Insider selling remains a short-term concern. A report linked a recent decline of roughly 7% to insider selling, which may pressure sentiment even as the fundamental AI growth story remains intact. Arista Networks Stock Price Down 7% on Insider Selling

Arista Networks Stock Up 0.2%

Shares of ANET opened at $180.66 on Monday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $189.82. The business’s fifty day moving average is $167.39 and its 200 day moving average is $150.30. The stock has a market cap of $227.49 billion, a P/E ratio of 61.87, a P/E/G ratio of 2.77 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion during 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%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.28 EPS for the current year.

Arista Networks Profile

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.