Vancity Investment Management Ltd purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 10,840 shares of the technology company’s stock, valued at approximately $1,841,000.
Several other hedge funds also recently modified their holdings of ANET. California State Teachers Retirement System increased its position in Arista Networks by 17,042.6% during the second quarter. California State Teachers Retirement System now owns 272,793,984 shares of the technology company’s stock worth $46,342,242,000 after acquiring an additional 271,202,666 shares during the period. State Street Corp boosted its holdings in Arista Networks by 1.4% in the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after purchasing an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD grew its position in Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after purchasing an additional 380,724 shares during the last quarter. Geode Capital Management LLC grew its position in Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Arista Networks during the 4th quarter worth about $1,558,563,000. 82.47% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on ANET shares. Truist Financial upped their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a report on Monday, August 31st. They issued a “buy” rating and a $220.00 price target for the company. Finally, Piper Sandler reissued an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $225.76.
Insiders Place Their Bets
In other Arista Networks news, CEO Jayshree Ullal sold 13,809 shares of the company’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $191.79, for a total value of $2,648,428.11. Following the sale, the chief executive officer directly owned 9,917 shares in the company, valued at $1,901,981.43. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total value of $4,820,920.00. Following the transaction, the insider owned 452,400 shares of the company’s stock, valued at $83,884,008. This represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,782,694 shares of company stock worth $726,728,187 over the last quarter. Corporate insiders own 2.70% of the company’s stock.
Arista Networks Stock Down 0.1%
Shares of ANET opened at $193.54 on Monday. The company has a 50-day moving average price of $182.94 and a two-hundred day moving average price of $160.29. The stock has a market cap of $244.10 billion, a price-to-earnings ratio of 61.05, a P/E/G ratio of 2.30 and a beta of 1.62. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.
Trending Headlines about Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista’s investment case remains supported by surging AI infrastructure demand, improving supply-chain execution and strong free cash flow. The company’s shares have gained 37.3% over the past six months, although the recent advance has raised questions about how much upside remains. ANET Rises 37.3% in Six Months: Is There More Room to Grow?
- Positive Sentiment: The company’s latest quarterly results provide a fundamental catalyst: adjusted earnings of $1.02 per share exceeded the $0.89 consensus estimate, while revenue of $3.04 billion topped the $2.83 billion forecast and increased 37.7% year over year. Arista guided to third-quarter EPS of $1.06-$1.08. Arista Networks Offers Entry After 42% Gain Amid Earnings Beat; Data Center Demand Surging
- Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $220 price target. This adds to a generally favorable analyst view, with a consensus Buy rating and an average target of $225.76; UBS, Jefferies and Morgan Stanley have also cited targets above the current trading range.
- Neutral Sentiment: Arista edged higher even as networking peer Ciena weakened after issuing in-line guidance, suggesting investors may be differentiating ANET based on its stronger AI and cloud-networking growth outlook. Ciena Corporation Tumbles 10% as In-Line Guidance Overshadows Earnings Beat, Arista Edges Higher
- Negative Sentiment: CFO Chantelle Breithaupt sold 612 shares worth approximately $119,811. The transaction reduced her holdings by 0.87%, but it was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal. Arista’s elevated valuation—about 60 times earnings and a PEG ratio of 2.21—also leaves the stock sensitive to slower growth or weaker guidance.
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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