Sumitomo Mitsui Financial Group Inc. grew its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 462,612 shares of the technology company’s stock after acquiring an additional 23,444 shares during the quarter. Arista Networks comprises about 1.1% of Sumitomo Mitsui Financial Group Inc.’s portfolio, making the stock its 16th biggest position. Sumitomo Mitsui Financial Group Inc.’s holdings in Arista Networks were worth $60,623,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Lighthouse Financial Services Inc. ADV acquired a new position in Arista Networks during the 4th quarter valued at about $1,549,000. Bensler LLC acquired a new position in Arista Networks during the 4th quarter valued at about $6,350,000. QRG Capital Management Inc. increased its position in Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. Jefferies Financial Group Inc. increased its position in Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares in the last quarter. Finally, Reaves W H & Co. Inc. acquired a new position in Arista Networks during the 4th quarter valued at about $3,058,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ANET has been the topic of several recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. 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. Finally, Rosenblatt Securities upped their target price on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks has an average rating of “Buy” and an average price target of $185.95.
More Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista’s rollout of its 7060XE7 Series 1.6T networking platforms supports the AI growth story, as the products are designed for rack-scale AI infrastructure and higher-capacity data-center networking. Article Title
- Positive Sentiment: Erste Group Bank raised its FY2027 earnings estimate for Arista Networks, adding to signs that Wall Street expects continued earnings growth. Article Title
- Neutral Sentiment: Broader market volatility tied to AI spending, interest rates, and growth concerns may be increasing attention on AI infrastructure names like ANET, but it is not a company-specific catalyst. Article Title
- Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under a pre-arranged 10b5-1 plan. Article Title
Arista Networks Stock Performance
Shares of ANET opened at $156.46 on Friday. The stock has a 50-day moving average of $153.66 and a two-hundred day moving average of $139.83. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80. The stock has a market cap of $197.01 billion, a P/E ratio of 53.58, a P/E/G ratio of 2.34 and a beta of 1.61.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.
Insider Activity
In other news, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total value of $4,292,480.00. Following the completion of the transaction, the insider owned 12,976 shares of the company’s stock, valued at $1,740,600.64. The trade was a 71.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $163.06, for a total value of $39,134,400.00. Following the completion of the transaction, the insider directly owned 331,848 shares of the company’s stock, valued at approximately $54,111,134.88. This trade represents a 41.97% 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 sold a total of 2,403,142 shares of company stock valued at $388,820,943 in the last quarter. 2.70% of the stock is currently owned by company insiders.
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.
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