Cvfg LLC raised its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 3,372.6% during the first quarter, HoldingsChannel reports. The fund owned 54,520 shares of the technology company’s stock after acquiring an additional 52,950 shares during the quarter. Cvfg LLC’s holdings in Arista Networks were worth $6,694,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks during the 4th quarter worth about $26,000. Sankala Group LLC bought a new stake in Arista Networks in the fourth quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter worth about $28,000. Knuff & Co LLC purchased a new position in shares of Arista Networks during the third quarter valued at approximately $29,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Arista Networks Trading Down 4.2%
NYSE ANET opened at $166.03 on Wednesday. The firm’s fifty day simple moving average is $158.87 and its two-hundred day simple moving average is $144.68. Arista Networks, Inc. has a 12-month low of $100.94 and a 12-month high of $179.80. The firm has a market capitalization of $209.06 billion, a P/E ratio of 56.86, a P/E/G ratio of 2.67 and a beta of 1.60.
Arista Networks News Summary
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista is still being viewed as a beneficiary of the AI infrastructure buildout, with reports highlighting strong demand for its high-speed networking gear as cloud and data center operators expand AI capacity. Arista Networks (NYSE:ANET) Extends AI Network Rally
- Positive Sentiment: Market commentary says ANET is nearing a technical buy point, which can attract momentum and growth investors looking for an entry in a strong AI-related name. Dow Jones Payments Leader Visa Breaks Out; Arista Networks Eyes Buy Point
- Positive Sentiment: The company confirmed it will report Q2 2026 results on August 4, keeping attention on upcoming earnings that could validate growth expectations. Arista Networks to Announce Q2 2026 Financial Results on Tuesday, August 4, 2026
- Neutral Sentiment: Analysts and institutional investors remain generally constructive, with strong buy/buy ratings and continued ownership by funds supporting sentiment, though this is not a fresh catalyst.
- Negative Sentiment: Recent insider selling by Director Charles Giancarlo and major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under pre-arranged 10b5-1 plans. Arista Networks (NYSE:ANET) Director Charles Giancarlo Sells 8,000 Shares
- Negative Sentiment: Investors also reacted to reports that ANET dipped more than the broader market in the latest session, suggesting some profit-taking after a strong run. Why Arista Networks (ANET) Dipped More Than Broader Market Today
Wall Street Analyst Weigh In
ANET has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Citigroup lowered their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two investment 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. According to data from MarketBeat, Arista Networks has an average rating of “Buy” and a consensus price target of $187.63.
Check Out Our Latest Report on Arista Networks
Insiders Place Their Bets
In other news, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $2,224,345.92. This trade represents a 57.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the sale, the director owned 192,333 shares of the company’s stock, valued at approximately $32,131,150.98. The trade was a 3.99% 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 3,147,080 shares of company stock valued at $513,396,642 over the last quarter. Corporate insiders own 2.70% of the company’s stock.
Arista Networks 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.
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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).
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