New York State Teachers Retirement System lowered its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 834,248 shares of the technology company’s stock after selling 5,422 shares during the period. New York State Teachers Retirement System owned 0.07% of Arista Networks worth $102,429,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. Board of the Pension Protection Fund bought a new position in Arista Networks in the 4th quarter valued at $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks during the fourth quarter valued at $28,000. Knuff & Co LLC bought a new stake in Arista Networks during the third quarter valued at $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Arista Networks during the fourth quarter worth about $30,000. Institutional investors own 82.47% of the company’s stock.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 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 owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% 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. Over the last ninety days, insiders sold 2,639,080 shares of company stock worth $430,322,162. 2.70% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on Arista Networks
Arista Networks Price Performance
Shares of ANET stock opened at $160.38 on Friday. The business has a 50-day moving average of $159.42 and a 200 day moving average of $143.80. Arista Networks, Inc. has a 1-year low of $100.33 and a 1-year high of $179.80. The stock has a market capitalization of $201.95 billion, a PE ratio of 54.93, a P/E/G ratio of 2.57 and a beta of 1.60.
Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current 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.
Featured Articles
- Five stocks we like better than Arista Networks
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.
