Arizona State Retirement System Acquires 2,984 Shares of Arista Networks, Inc. $ANET

Arizona State Retirement System lifted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 1.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 296,365 shares of the technology company’s stock after buying an additional 2,984 shares during the quarter. Arizona State Retirement System’s holdings in Arista Networks were worth $50,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. California State Teachers Retirement System lifted its stake in Arista Networks by 17,042.6% in 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 purchasing an additional 271,202,666 shares during the last quarter. State Street Corp grew its stake in shares of Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after buying an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares during the period. Finally, Norges Bank purchased a new position in shares of Arista Networks in the fourth quarter worth about $1,558,563,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 0.5%

NYSE ANET traded up $1.03 on Tuesday, hitting $194.81. The company’s stock had a trading volume of 4,741,372 shares, compared to its average volume of 8,312,051. The firm has a market cap of $245.71 billion, a P/E ratio of 61.46, a PEG ratio of 2.30 and a beta of 1.62. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company’s 50-day simple moving average is $183.52 and its 200 day simple moving average is $160.65.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Chantelle Breithaupt sold 612 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total value of $119,811.24. Following the completion of the sale, the chief financial officer directly owned 69,921 shares of the company’s stock, valued at approximately $13,688,434.17. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $191.79, for a total transaction of $2,648,428.11. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at approximately $1,901,981.43. This represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,782,694 shares of company stock valued at $726,728,187 over the last quarter. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group reaffirmed a “buy” rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial boosted their price objective on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Barclays reissued an “overweight” rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Piper Sandler reissued an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and an average target price of $225.76.

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.