OMERS ADMINISTRATION Corp Purchases 56,547 Shares of Arista Networks, Inc. $ANET

OMERS ADMINISTRATION Corp grew its position in Arista Networks, Inc. (NYSE:ANET) by 81.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,390 shares of the technology company’s stock after acquiring an additional 56,547 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Arista Networks were worth $16,561,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ANET. Lighthouse Financial Services Inc. ADV bought a new stake in Arista Networks during the 4th quarter worth about $1,549,000. Bensler LLC bought a new stake in Arista Networks during the 4th quarter worth about $6,350,000. QRG Capital Management Inc. lifted its position in Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after buying an additional 10,217 shares in the last quarter. Jefferies Financial Group Inc. lifted its position in Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after buying an additional 6,591 shares in the last quarter. Finally, Reaves W H & Co. Inc. bought a new stake in Arista Networks during the 4th quarter worth about $3,058,000. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the transaction, the insider owned 12,976 shares in the company, valued at $2,119,110.56. This represents a 71.15% decrease in their position. The sale 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 stock in a transaction that occurred 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 in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their position. 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 have sold a total of 2,343,747 shares of company stock worth $380,853,419 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Stock Up 3.7%

Shares of NYSE:ANET opened at $169.20 on Tuesday. The company’s 50 day moving average price is $155.28 and its two-hundred day moving average price is $140.43. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80. The firm has a market cap of $213.06 billion, a PE ratio of 57.94, a PEG ratio of 2.52 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm 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 business posted $0.65 EPS. The business’s revenue 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. On average, research analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analyst Ratings Changes

ANET has been the topic of several recent analyst reports. Piper Sandler restated an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Barclays restated an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, Morgan Stanley restated an “overweight” rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research note on Friday. Two 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’s stock. Based on data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and an average target price of $186.47.

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.