Geode Capital Management LLC Purchases 477,625 Shares of Arista Networks, Inc. $ANET

Posted by Francis Steltz on May 28th, 2026

Geode Capital Management LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,447,629 shares of the technology company’s stock after acquiring an additional 477,625 shares during the quarter. Geode Capital Management LLC’s holdings in Arista Networks were worth $3,455,095,000 at the end of the most recent reporting period.

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

Arista Networks Stock Down 2.4%

NYSE:ANET opened at $154.17 on Thursday. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80. The stock has a market capitalization of $194.13 billion, a PE ratio of 52.80, a price-to-earnings-growth ratio of 2.43 and a beta of 1.67. The stock’s 50-day moving average price is $146.62 and its 200-day moving average price is $137.31.

Arista Networks (NYSE:ANET – Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% 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 period last year, the firm earned $0.65 EPS. The company’s quarterly 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. Sell-side analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at $2,119,110.56. The trade was a 71.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,706,885 shares of company stock worth $277,584,100 in the last ninety days. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

ANET has been the topic of several recent research reports. KeyCorp reaffirmed an “overweight” rating and set a $178.00 target price (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. TD Cowen reiterated a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Barclays reiterated an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Finally, Evercore reiterated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks has an average rating of “Buy” and a consensus price target of $185.72.

View Our Latest Stock Report on ANET

Arista Networks Company Profile

(Free Report)

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.