Investment Management Corp of Ontario Trims Stock Position in Arista Networks, Inc. $ANET

Investment Management Corp of Ontario lessened its stake in Arista Networks, Inc. (NYSE:ANET) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 122,661 shares of the technology company’s stock after selling 28,108 shares during the period. Investment Management Corp of Ontario’s holdings in Arista Networks were worth $16,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ANET. Janus Henderson Group PLC lifted its holdings in Arista Networks by 69.8% in the fourth quarter. Janus Henderson Group PLC now owns 3,377,685 shares of the technology company’s stock valued at $442,542,000 after acquiring an additional 1,387,902 shares during the period. Gotham Asset Management LLC grew its stake in shares of Arista Networks by 16.9% during the 4th quarter. Gotham Asset Management LLC now owns 186,947 shares of the technology company’s stock worth $24,496,000 after purchasing an additional 27,044 shares during the period. Element Capital Management LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $1,301,000. Evolve Private Wealth LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at approximately $2,142,000. Finally, First Manhattan CO. LLC. increased its holdings in shares of Arista Networks by 163.2% during the 4th quarter. First Manhattan CO. LLC. now owns 4,433 shares of the technology company’s stock valued at $581,000 after purchasing an additional 2,749 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Arista Networks stock opened at $164.51 on Thursday. The company’s fifty day moving average price is $156.88 and its 200 day moving average price is $140.97. Arista Networks, Inc. has a 1 year low of $85.58 and a 1 year high of $179.80. The stock has a market capitalization of $207.15 billion, a P/E ratio of 56.34, a P/E/G ratio of 2.59 and a beta of 1.61.

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

Arista Networks News Summary

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

• Positive Sentiment: Arista continues to be highlighted as a beneficiary of AI infrastructure spending, with articles pointing to its role in data center networking and cloud connectivity as key growth drivers. Why Is Arista Networks Driving S&P 500 AI Infrastructure Growth?
• Positive Sentiment: BofA Securities reportedly raised its price target on Arista Networks, which can support investor confidence in the stock’s longer-term outlook. BofA Securities Raises Price Target for Arista Networks (ANET)
• Neutral Sentiment: Arista is drawing heavy investor attention after an 87% one-year gain, with some coverage questioning whether the stock’s rapid run has already priced in much of the optimism. Arista Networks (ANET) Stock After 87% Annual Gain Is It Time To Pause?
• Neutral Sentiment: Arista was among the most searched stocks on Zacks, reflecting elevated investor interest but not necessarily a fundamental catalyst by itself. Investors Heavily Search Arista Networks, Inc. (ANET): Here is What You Need to Know
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares in a pre-arranged Rule 10b5-1 transaction, a move that can weigh on sentiment even though the sale was relatively small versus his total holdings. SEC filing for Andreas Bechtolsheim transaction
• Negative Sentiment: Recent market coverage noted that ANET declined more than the broader market, reinforcing near-term selling pressure and profit-taking after its strong run. Arista Networks (ANET) Declines More Than Market: Some Information for Investors

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Wolfe Research reissued an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Finally, Citigroup dropped their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two equities research 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. According to data from MarketBeat, Arista Networks currently has an average rating of “Buy” and an average price target of $186.47.

Insider Buying and Selling at Arista Networks

In related news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This trade represents a 58.20% 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. Over the last ninety days, insiders have sold 2,603,747 shares of company stock valued at $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.