Meitav Investment House Ltd. Raises Stock Position in Arista Networks, Inc. $ANET

Meitav Investment House Ltd. lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 19.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 317,200 shares of the technology company’s stock after buying an additional 52,000 shares during the period. Meitav Investment House Ltd.’s holdings in Arista Networks were worth $38,946,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ANET. Vanguard Group Inc. increased its stake in Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares during the last quarter. State Street Corp raised its position in Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after purchasing an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Arista Networks by 1.0% in 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 purchasing an additional 380,724 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 valued at $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Arista Networks during the 4th quarter valued at approximately $1,558,563,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 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 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 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. Insiders have sold a total of 2,907,080 shares of company stock worth $474,355,842 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ANET shares. Bank of America raised their price target on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. boosted their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. UBS Group reissued a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Truist Financial set a $175.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Trading Down 3.9%

Shares of NYSE ANET traded down $6.76 during trading hours on Tuesday, reaching $166.52. The stock had a trading volume of 2,523,540 shares, compared to its average volume of 8,711,942. Arista Networks, Inc. has a 52-week low of $100.94 and a 52-week high of $179.80. The firm has a market cap of $209.68 billion, a price-to-earnings ratio of 57.02, a P/E/G ratio of 2.47 and a beta of 1.60. The business’s fifty day moving average price is $159.07 and its two-hundred day moving average price is $144.04.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal 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.