Clear Street Group Inc. raised its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 31.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,840 shares of the technology company’s stock after purchasing an additional 8,236 shares during the period. Clear Street Group Inc.’s holdings in Arista Networks were worth $4,565,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of ANET. Norges Bank bought a new position in Arista Networks during the 4th quarter worth $1,558,563,000. Arrowstreet Capital Limited Partnership raised its position in Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after purchasing an additional 4,332,659 shares during the last quarter. M&T Bank Corp raised its position in Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after purchasing an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. raised its position in Arista Networks by 59.3% during the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock worth $298,868,000 after purchasing an additional 1,724,758 shares during the last quarter. 82.47% of the stock is owned by institutional investors.
Arista Networks Trading Up 4.5%
Shares of Arista Networks stock opened at $163.38 on Friday. The business has a 50-day moving average price of $154.43 and a two-hundred day moving average price of $139.99. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80. The company has a market cap of $205.73 billion, a P/E ratio of 55.95, a PEG ratio of 2.52 and a beta of 1.61.
Trending Headlines about Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: An analyst raised Arista Networks’ price target, helping fuel the stock’s recent climb and reinforcing optimism around the company’s outlook. Why Arista Networks Stock Flew More Than 4% Higher on Friday
- Positive Sentiment: Arista rolled out its 7060XE7 Series Ethernet platforms, with faster speeds and up to 100 Tbps switching capacity, which could support rising AI infrastructure spending and strengthen future demand. Can Arista’s Advanced Networking Platform Meet the Growing AI Demand?
- Positive Sentiment: Erste Group Bank boosted its FY2027 EPS estimate for Arista to $4.00 from $3.95, signaling improved long-term earnings expectations. MarketBeat Arista Networks article
- Neutral Sentiment: Broader market volatility tied to AI spending concerns, interest rates, and economic growth may be influencing trading across tech stocks, including Arista. The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
- Neutral Sentiment: A report noted that Arista co-founder Andreas Bechtolsheim sold 220,000 shares, which can draw attention but does not by itself confirm a change in the business outlook. Andreas Bechtolsheim Sells 220,000 Shares of Arista Networks (NYSE:ANET) Stock
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ANET shares. Morgan Stanley reaffirmed an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a report on Friday, May 15th. JPMorgan Chase & Co. increased their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Finally, Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $186.47.
Read Our Latest Analysis on Arista Networks
Insider Buying and Selling
In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the sale, the director directly owned 200,333 shares in the company, valued at $33,874,306.97. This trade represents a 3.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This represents a 58.20% 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. Insiders sold a total of 2,403,142 shares of company stock worth $388,820,943 over the last 90 days. 2.70% of the stock is owned by company insiders.
Arista Networks Company 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.
Featured Stories
- Five stocks we like better than Arista Networks
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET – Free Report).
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.
