Arista Networks, Inc. $ANET Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas cut its position in Arista Networks, Inc. (NYSE:ANET) by 2.7% in the fourth quarter, Holdings Channel reports. The firm owned 303,958 shares of the technology company’s stock after selling 8,458 shares during the period. Arista Networks accounts for approximately 1.5% of Oddo BHF Asset Management Sas’ holdings, making the stock its 9th biggest position. Oddo BHF Asset Management Sas’ holdings in Arista Networks were worth $39,828,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $7,625,000. Rakuten Investment Management Inc. boosted its position in shares of Arista Networks by 142.2% in the 4th quarter. Rakuten Investment Management Inc. now owns 137,353 shares of the technology company’s stock valued at $18,426,000 after purchasing an additional 80,642 shares during the period. Abound Financial LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $243,000. L2 Asset Management LLC boosted its position in shares of Arista Networks by 13.8% in the 4th quarter. L2 Asset Management LLC now owns 5,265 shares of the technology company’s stock valued at $690,000 after purchasing an additional 638 shares during the period. Finally, Bluedoor Private Wealth LLC acquired a new stake in Arista Networks during the 4th quarter worth approximately $237,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This trade represents a 71.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were 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 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 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 2,343,747 shares of company stock valued at $380,853,419 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ANET. Citigroup decreased their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Rosenblatt Securities increased their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, UBS Group reissued a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average target price of $186.47.

Arista Networks Trading Up 3.7%

Shares of ANET stock opened at $169.20 on Tuesday. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80. The company has a market cap of $213.06 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The stock has a 50 day simple moving average of $155.28 and a 200-day simple moving average of $140.43.

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

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.