Arista Networks, Inc. $ANET Holdings Boosted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,929,360 shares of the technology company’s stock after acquiring an additional 22,100 shares during the period. Russell Investments Group Ltd.’s holdings in Arista Networks were worth $253,047,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks during the fourth quarter valued at $26,000. Knuff & Co LLC purchased a new stake in Arista Networks in the 3rd quarter worth about $29,000. Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the 4th quarter worth about $30,000. Quarry LP acquired a new stake in Arista Networks during the 3rd quarter worth about $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in Arista Networks during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ANET. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities raised their price target on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Bank of America boosted their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, UBS Group reiterated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has an average rating of “Buy” and an average target price of $186.47.

Arista Networks Price Performance

Shares of ANET stock opened at $168.48 on Wednesday. The firm has a market cap of $212.15 billion, a P/E ratio of 57.70, a PEG ratio of 2.61 and a beta of 1.61. The stock’s 50-day moving average is $156.12 and its two-hundred day moving average is $140.71. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $163.06, for a total transaction of $39,134,400.00. Following the transaction, the insider owned 331,848 shares of the company’s stock, valued at approximately $54,111,134.88. This represents a 41.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 dated Friday, April 17th. The shares were 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. 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. In the last quarter, insiders have sold 2,343,747 shares of company stock valued at $380,853,419. 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.