Westpac Banking Corp Sells 10,343 Shares of Arista Networks, Inc. $ANET

Westpac Banking Corp cut its position in Arista Networks, Inc. (NYSE:ANET) by 12.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 74,135 shares of the technology company’s stock after selling 10,343 shares during the quarter. Arista Networks comprises 0.6% of Westpac Banking Corp’s portfolio, making the stock its 28th biggest holding. Westpac Banking Corp’s holdings in Arista Networks were worth $9,102,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in Arista Networks during the first quarter valued at approximately $982,000. Danica Pension Livsforsikringsaktieselskab acquired a new stake in shares of Arista Networks in the 1st quarter valued at $5,784,000. ABN Amro Investment Solutions increased its stake in shares of Arista Networks by 4.1% in the 1st quarter. ABN Amro Investment Solutions now owns 124,426 shares of the technology company’s stock valued at $15,277,000 after purchasing an additional 4,895 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Arista Networks by 6.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 322,029 shares of the technology company’s stock valued at $39,539,000 after purchasing an additional 20,292 shares during the last quarter. Finally, Oslo Pensjonsforsikring AS acquired a new position in shares of Arista Networks during the 1st quarter worth $269,000. Institutional investors own 82.47% of the company’s stock.

Key Arista Networks News

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

• Positive Sentiment: Arista launched AI-driven Edge Threat Management for VeloCloud SD-WAN, expanding beyond data center networking into branch-office security and potentially opening a new growth avenue. Arista Networks (ANET) Launches AI Driven Zero Trust Security For Branch Offices
• Positive Sentiment: Arista is being highlighted as a stock that could beat Q2 earnings estimates again, supported by strong AI and cloud demand trends. Will Arista Networks (ANET) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Another earnings-preview piece also names Arista among software and tech names that may beat estimates this season, reinforcing upbeat sentiment ahead of results. 4 Software Stocks Likely to Beat Estimates This Earnings Season
• Neutral Sentiment: Recent articles noting Arista as a trending stock and comparing its performance to peers suggest heightened investor interest, but do not add a new fundamental catalyst. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
• Neutral Sentiment: A Trefis article argues Arista is making a big growth bet by building inventory and cutting buybacks, which could support future demand but also raises execution risk. How Much Upside Can ANET Stock’s Growth Deliver?

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the completion of the transaction, the insider owned 182,043,048 shares of the company’s stock, valued at approximately $29,612,942,618.16. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks 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 transaction, the director owned 192,333 shares in the company, valued at approximately $32,131,150.98. This trade represents a 3.99% 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 2,264,983 shares of company stock valued at $376,175,065 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ANET has been the subject of several recent analyst reports. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Wolfe Research reissued an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Finally, Citigroup reduced their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Two investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $188.95.

Arista Networks Stock Up 3.0%

Shares of ANET stock opened at $174.37 on Wednesday. Arista Networks, Inc. has a twelve month low of $106.99 and a twelve month high of $189.82. The stock’s fifty day simple moving average is $163.04 and its 200 day simple moving average is $147.91. The firm has a market capitalization of $219.57 billion, a P/E ratio of 59.72, a P/E/G ratio of 2.60 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $2.71 billion during 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%.The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts expect that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

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.