Bank of New Hampshire Makes New Investment in Arista Networks, Inc. $ANET

Bank of New Hampshire purchased a new position in Arista Networks, Inc. (NYSE:ANET) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 11,779 shares of the technology company’s stock, valued at approximately $1,543,000.

Several other large investors also recently modified their holdings of ANET. Board of the Pension Protection Fund bought a new position in Arista Networks during the fourth quarter worth $26,000. Sankala Group LLC bought a new stake in Arista Networks during the fourth quarter valued at $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks during the fourth quarter valued at $28,000. Knuff & Co LLC acquired a new stake in Arista Networks during the 3rd quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new stake in Arista Networks during the 4th quarter worth about $30,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Up 0.1%

Shares of NYSE:ANET opened at $169.84 on Friday. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The stock’s 50 day moving average is $158.10 and its 200-day moving average is $141.44. The firm has a market capitalization of $213.86 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business earned $0.65 EPS. Arista Networks’s quarterly revenue 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 research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. UBS Group reissued a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. KeyCorp reiterated an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Bank of America increased their price target on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $187.63.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This represents a 0.14% 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 90 days, insiders have sold 2,603,747 shares of company stock worth $423,901,619. Corporate insiders own 2.70% of the company’s stock.

About Arista Networks

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.