First Trust Advisors LP lifted its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 13.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,328,274 shares of the technology company’s stock after acquiring an additional 526,373 shares during the quarter. First Trust Advisors LP’s holdings in Arista Networks were worth $531,425,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Intrua Financial LLC increased its position in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the last quarter. NBT Bank N A NY boosted its holdings in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after buying an additional 68 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after buying an additional 70 shares during the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of Arista Networks by 8.7% in the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after buying an additional 70 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ANET. Needham & Company LLC restated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings raised shares of Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, July 13th. Piper Sandler restated an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities upped their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks has an average rating of “Buy” and a consensus price target of $188.95.
Arista Networks Trading Up 3.0%
ANET opened at $174.37 on Wednesday. The stock’s fifty day simple moving average is $163.04 and its 200 day simple moving average is $147.91. Arista Networks, Inc. has a 1-year low of $106.99 and a 1-year high of $189.82. The stock has a market cap of $219.57 billion, a PE ratio of 59.72, a price-to-earnings-growth ratio of 2.60 and a beta of 1.60.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business 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 analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current year.
Insider Activity at Arista Networks
In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the completion of the transaction, the insider owned 182,043,048 shares in the company, valued at approximately $29,612,942,618.16. This trade represents a 0.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 2,264,983 shares of company stock worth $376,175,065. 2.70% of the stock is owned by corporate insiders.
Arista Networks News Roundup
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista launched AI-driven Edge Threat Management for VeloCloud SD-WAN, expanding beyond data center networking into branch-office security and potentially opening a new growth avenue. Arista Networks (ANET) Launches AI Driven Zero Trust Security For Branch Offices
- Positive Sentiment: Arista is being highlighted as a stock that could beat Q2 earnings estimates again, supported by strong AI and cloud demand trends. Will Arista Networks (ANET) Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Another earnings-preview piece also names Arista among software and tech names that may beat estimates this season, reinforcing upbeat sentiment ahead of results. 4 Software Stocks Likely to Beat Estimates This Earnings Season
- Neutral Sentiment: Recent articles noting Arista as a trending stock and comparing its performance to peers suggest heightened investor interest, but do not add a new fundamental catalyst. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
- Neutral Sentiment: A Trefis article argues Arista is making a big growth bet by building inventory and cutting buybacks, which could support future demand but also raises execution risk. How Much Upside Can ANET Stock’s Growth Deliver?
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.
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