OLD National Bancorp IN Has $9.47 Million Stock Holdings in Arista Networks, Inc. $ANET

OLD National Bancorp IN trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,136 shares of the technology company’s stock after selling 5,489 shares during the period. OLD National Bancorp IN’s holdings in Arista Networks were worth $9,471,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ANET. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the 4th quarter worth about $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. Knuff & Co LLC bought a new stake in shares of Arista Networks in the 3rd quarter valued at approximately $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Arista Networks in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. Citigroup cut their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Rosenblatt Securities upped their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Piper Sandler reissued an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. 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 company’s stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus price target of $187.63.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% 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. Insiders sold a total of 2,647,080 shares of company stock worth $431,329,762 in the last quarter. Insiders own 2.70% of the company’s stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: KeyBanc raised its price target on Arista Networks to $200 from $178 and kept an Overweight rating, reinforcing the view that the company remains a leading AI networking beneficiary. KeyBanc Raises PT on Arista Networks (ANET) Stock
• Positive Sentiment: Arista unveiled 1.6-terabit networking platforms and said 800-gig deployments are gaining traction, which supports the investment case that its AI and cloud data-center product cycle is still expanding. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: A new analysis highlighted that Arista’s pre-AI balance sheet and backlog of unbooked sales were signaling strong future demand well before the current AI boom, suggesting the company’s growth story may still have room to run. What Arista Networks Stock’s Balance Sheet Revealed Before the AI Boom

Arista Networks Stock Up 2.4%

Shares of ANET stock opened at $165.54 on Friday. Arista Networks, Inc. has a 12 month low of $97.14 and a 12 month high of $179.80. The business’s 50 day moving average is $159.41 and its two-hundred day moving average is $142.61. The company has a market cap of $208.45 billion, a PE ratio of 56.69, a price-to-earnings-growth ratio of 2.49 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

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.