11,894,702 Shares in Arista Networks, Inc. $ANET Bought by Norges Bank

Posted by Francis Steltz on May 30th, 2026

Norges Bank purchased a new position in Arista Networks, Inc. (NYSE:ANET – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,894,702 shares of the technology company’s stock, valued at approximately $1,558,563,000.

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

Insider Activity

In other news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the transaction, the insider directly owned 182,803,048 shares of the company’s stock, valued at approximately $28,674,486,109.28. This trade represents a 0.12% 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. Over the last quarter, insiders sold 1,943,142 shares of company stock valued at $314,618,583. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ANET has been the subject of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Arista Networks in a report on Friday, May 1st. UBS Group reaffirmed 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. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $188.00 price objective (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks has a consensus rating of “Buy” and a consensus target price of $185.72.

Check Out Our Latest Stock Analysis on Arista Networks

Arista Networks Price Performance

Arista Networks stock opened at $159.09 on Friday. The company has a market cap of $200.33 billion, a PE ratio of 54.48, a P/E/G ratio of 2.39 and a beta of 1.67. The company has a fifty day moving average price of $147.52 and a two-hundred day moving average price of $137.61. Arista Networks, Inc. has a 12 month low of $83.86 and a 12 month high of $179.80.

Arista Networks (NYSE:ANET – Get Free Report) last announced 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. 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 quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter 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. Equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Zacks highlighted Arista Networks as a strong growth stock, pointing to its appeal across growth and momentum screens and reinforcing the view that ANET remains a high-quality long-term compounder. Article Title
Positive Sentiment: Another Zacks note said ANET is benefiting from AI infrastructure spending, with hyperscalers expanding networks and driving demand for next-generation Ethernet products, which supports the company’s growth outlook. Article Title
Positive Sentiment: Wall Street remains constructive on Arista Networks, with multiple analysts reiterating Buy/Overweight ratings and lifting price targets, reflecting confidence in continued revenue and earnings growth.
Positive Sentiment: Recent earnings were solid, with Arista beating EPS and revenue estimates and posting 35% year-over-year revenue growth, which continues to underpin bullish sentiment.
Neutral Sentiment: Institutional ownership remains high, and several small new positions were reported, but these filings are unlikely to be a major near-term driver on their own.
Negative Sentiment: Recent insider sales by CFO Chantelle Yvette Breithaupt, CEO Jayshree Ullal, and major shareholder Andreas Bechtolsheim may create some short-term caution, even though the trades were made under pre-arranged 10b5-1 plans.

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.