Arista Networks, Inc. $ANET Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 374,890 shares of the technology company’s stock after acquiring an additional 10,011 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Arista Networks were worth $54,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ANET. PNC Financial Services Group Inc. increased its position in shares of Arista Networks by 3.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 301,391 shares of the technology company’s stock valued at $43,916,000 after acquiring an additional 10,318 shares during the period. Snider Financial Group acquired a new position in shares of Arista Networks in the third quarter valued at about $2,369,000. Aberdeen Group plc raised its stake in shares of Arista Networks by 1.4% in the third quarter. Aberdeen Group plc now owns 1,005,027 shares of the technology company’s stock worth $144,091,000 after purchasing an additional 14,135 shares during the last quarter. Andar Capital Management HK Ltd lifted its holdings in shares of Arista Networks by 20.0% during the third quarter. Andar Capital Management HK Ltd now owns 48,000 shares of the technology company’s stock worth $6,994,000 after purchasing an additional 8,000 shares during the period. Finally, Murphy & Mullick Capital Management Corp boosted its position in Arista Networks by 110.3% in the third quarter. Murphy & Mullick Capital Management Corp now owns 3,012 shares of the technology company’s stock valued at $459,000 after buying an additional 1,580 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Up 4.7%

ANET stock opened at $141.46 on Friday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The firm has a market cap of $178.13 billion, a P/E ratio of 51.25, a PEG ratio of 2.39 and a beta of 1.42. The company’s 50-day simple moving average is $133.05 and its 200-day simple moving average is $137.00.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Arista Networks had a return on equity of 31.34% and a net margin of 38.99%.Arista Networks’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 24,042 shares of Arista Networks stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total value of $2,994,431.10. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,235,162.35. This trade represents a 70.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the transaction, the director owned 9,784 shares of the company’s stock, valued at $1,373,967.12. This represents a 44.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 216,464 shares of company stock valued at $27,553,548 in the last three months. 3.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on ANET shares. Needham & Company LLC raised their price target on shares of Arista Networks from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday. Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Rosenblatt Securities upped their price target on shares of Arista Networks from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. KeyCorp reaffirmed an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday. Finally, Piper Sandler reissued an “overweight” rating and issued a $175.00 price objective (up previously from $159.00) on shares of Arista Networks in a report on Friday. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $175.41.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Reported stronger-than-expected Q4 results: EPS $0.82 vs. $0.75 est., revenue $2.49B (+28.9% YoY) and record net income; company raised AI revenue targets and issued revenue guidance above Street estimates, supporting the AI-driven growth narrative. Read More.
• Positive Sentiment: Analysts are lifting price targets and turning more bullish (Wells Fargo, Needham, Rosenblatt among those raising targets/ratings), giving additional analyst-driven momentum to the stock. Read More.
• Positive Sentiment: Market views Arista as outperforming peers (notably Cisco) by managing supply-chain pressures and capturing hyperscaler AI capex, which supports margin resilience and share gains. Read More.
• Neutral Sentiment: Management said Arista is diversifying accelerator support: deployments that were ~99% Nvidia a year ago now include ~20–25% AMD — a strategic shift that increases customer options but alters vendor dynamics. Traders note this may be weighing on GPU vendor stocks while benefiting Arista’s flexibility. Read More.
• Neutral Sentiment: Unusually high options activity is signaling elevated trader interest/positioning ahead of and after earnings. Read More.
• Negative Sentiment: Valuation is rich (ANET trades at a high P/E), and some commentary asks whether the recent run (one-year gains) leaves less margin for error if growth slows. This could temper longer-term upside. Read More.
• Negative Sentiment: Rising component/memory costs are a sector-wide headwind; management says it’s mitigating impacts via purchase commitments, but cost pressure remains a watch item for margins. Read More.

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.