Arista Networks, Inc. $ANET Position Raised by Smith Group Asset Management LLC

Smith Group Asset Management LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 404,287 shares of the technology company’s stock after acquiring an additional 24,967 shares during the period. Arista Networks accounts for 2.5% of Smith Group Asset Management LLC’s portfolio, making the stock its 13th biggest holding. Smith Group Asset Management LLC’s holdings in Arista Networks were worth $49,638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ANET. Vanguard Group Inc. grew its position in Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the last quarter. State Street Corp boosted its position 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 worth $6,154,570,000 after buying an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Arista Networks by 1.0% during the 4th 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 acquiring an additional 380,724 shares in the last quarter. Geode Capital Management LLC boosted its position in Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after acquiring an additional 477,625 shares during the period. Finally, Norges Bank bought a new position in shares of Arista Networks in the fourth quarter worth $1,558,563,000. 82.47% of the stock is currently owned by institutional investors.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Analysts remain constructive ahead of Arista’s quarterly report, expected in early August. Positive earnings-estimate revisions, a favorable Zacks Rank and expectations for an earnings beat have increased optimism about the company’s outlook. Arista Networks on rising earnings optimism
• Positive Sentiment: Strong results from optical, cloud-connectivity and AI-exposed peers—including Corning, Sanmina and Celestica—provide favorable evidence of continued data-center and AI infrastructure spending, a key demand driver for Arista’s networking products. Corning beats second-quarter estimates
• Neutral Sentiment: A comparison with Advanced Micro Devices suggests Arista may offer stronger profitability and a more attractive relative valuation, although the article still characterizes Arista as expensive and highlights its reliance on a concentrated customer base as an important risk. AMD versus Arista Networks comparison
• Neutral Sentiment: Arista recently underperformed some technology competitors, indicating that investors may be taking a more selective approach despite the broader AI infrastructure theme. Arista Networks underperforms competitors
• Negative Sentiment: Director Kenneth Duda disclosed two sales totaling 43,333 shares at approximately $170.51 per share. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing the immediate signal of discretionary selling, but the sales can still weigh on sentiment.
• Negative Sentiment: With Arista trading at a high earnings multiple, investors may demand another strong earnings beat and upbeat guidance. Any disappointment or evidence of customer-concentration risk could prompt profit-taking after the stock’s recent gains.

Arista Networks Price Performance

NYSE ANET opened at $169.47 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $189.82. The company has a market capitalization of $213.40 billion, a P/E ratio of 58.04, a PEG ratio of 2.62 and a beta of 1.60. The company’s 50 day simple moving average is $166.08 and its 200 day simple moving average is $149.32.

Arista Networks (NYSE:ANET) last issued its earnings results 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 firm 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%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on ANET. Wolfe Research restated an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Citigroup decreased their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Rosenblatt Securities lifted their price target on Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $189.74.

Insider Buying and Selling

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the completion of the sale, the director directly owned 192,333 shares of the company’s stock, valued at $32,131,150.98. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.51, for a total value of $4,433,260.00. Following the completion of the transaction, the insider owned 462,400 shares in the company, valued at $78,843,824. The trade was a 5.32% 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 2,308,316 shares of company stock worth $383,563,775 over the last quarter. 2.70% of the stock is currently owned by insiders.

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.