3,393 Shares in Arista Networks, Inc. $ANET Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,393 shares of the technology company’s stock, valued at approximately $445,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lighthouse Financial Services Inc. ADV purchased a new stake in Arista Networks in the 4th quarter valued at approximately $1,549,000. Bensler LLC purchased a new stake in Arista Networks in the 4th quarter valued at approximately $6,350,000. QRG Capital Management Inc. lifted its stake in Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its stake in Arista Networks by 38.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock valued at $96,480,000 after buying an additional 183,515 shares in the last quarter. Finally, Czech National Bank lifted its stake in Arista Networks by 4.0% in the 4th quarter. Czech National Bank now owns 272,284 shares of the technology company’s stock valued at $35,677,000 after buying an additional 10,525 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANET has been the topic of a number of recent research reports. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a research note on Friday, May 15th. Truist Financial set a $175.00 target price on Arista Networks in a research note on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $181.84.

Arista Networks Stock Up 2.7%

Shares of Arista Networks stock opened at $158.21 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $83.86 and a fifty-two week high of $179.80. The firm has a market cap of $199.22 billion, a PE ratio of 54.18, a P/E/G ratio of 2.37 and a beta of 1.67. The business’s fifty day moving average is $146.24 and its two-hundred day moving average is $137.17.

Arista Networks (NYSE:ANET) last issued its quarterly 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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed 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 32,000 shares of the stock in a transaction 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 transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,119,110.56. This represents a 71.15% 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. In the last three months, insiders have sold 1,501,885 shares of company stock worth $246,477,400. Corporate insiders own 2.70% of the company’s stock.

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.