Hsbc Holdings PLC Has $363.04 Million Position in Arista Networks, Inc. $ANET

Hsbc Holdings PLC lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,768,779 shares of the technology company’s stock after selling 222,557 shares during the period. Hsbc Holdings PLC’s holdings in Arista Networks were worth $363,039,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ANET. Whittier Trust Co. of Nevada Inc. lifted its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after buying an additional 70 shares during the period. United Asset Strategies Inc. raised its position in shares of Arista Networks by 1.2% in the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after acquiring an additional 72 shares during the period. Personal CFO Solutions LLC raised its position in shares of Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after acquiring an additional 76 shares during the period. Clark Financial Services Group Inc. BD grew its holdings in Arista Networks by 2.2% during the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock valued at $518,000 after purchasing an additional 80 shares during the period. Finally, Winthrop Advisory Group LLC grew its holdings in Arista Networks by 3.9% during the fourth quarter. Winthrop Advisory Group LLC now owns 2,144 shares of the technology company’s stock valued at $272,000 after purchasing an additional 81 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on ANET. TD Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. 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. Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. UBS Group restated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Two equities research 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $187.63.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider directly owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,639,080 shares of company stock valued at $430,322,162 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 3.7%

Shares of ANET opened at $160.38 on Friday. The company has a market cap of $201.95 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 2.57 and a beta of 1.60. The company’s fifty day simple moving average is $159.42 and its 200 day simple moving average is $143.80. Arista Networks, Inc. has a 1-year low of $100.33 and a 1-year high of $179.80.

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