PAX Financial Group LLC Cuts Stock Holdings in Arista Networks, Inc. $ANET

PAX Financial Group LLC trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 33.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,331 shares of the technology company’s stock after selling 6,801 shares during the period. PAX Financial Group LLC’s holdings in Arista Networks were worth $1,747,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ANET. Massachusetts Financial Services Co. MA boosted its position in Arista Networks by 2,829.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock valued at $833,630,000 after buying an additional 5,525,828 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after buying an additional 4,332,659 shares during the period. M&T Bank Corp boosted its position in Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares during the period. Pictet Asset Management Holding SA boosted its position in Arista Networks by 310.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after buying an additional 1,724,758 shares during the period. Finally, Vanguard Group Inc. boosted its position 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 valued at $13,258,877,000 after buying an additional 1,188,799 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. The trade was a 71.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,502,729 shares of company stock valued at $246,707,719. 3.39% of the stock is owned by insiders.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Evercore restated an “outperform” rating and set a $200.00 price target on shares of Arista Networks in a research report on Friday, February 13th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $182.83.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Analysts at Truist view Arista Networks’ post-Q1 pullback as a buying opportunity, pointing to continued AI-related networking demand and upside in the shares. Truist Views Arista Networks (ANET)’s Post-Q1 Sell-Off As An Attractive Buying Opportunity
• Positive Sentiment: Coverage from Yahoo Finance and other outlets reinforced Arista’s position as a key AI networking play, highlighting demand for low-latency, high-throughput data center networks that support large GPU clusters. Why Arista Networks (ANET) Is a Key Networking Play for AI Data Centers
• Positive Sentiment: Investors continue to focus on Arista’s AI-focused products, including its XPO high-density optics and 7800 universal AI spine, which suggest it is benefiting from next-generation data center buildouts. AI-Fueled Demand Amid Supply Strains Might Change The Case For Investing In Arista Networks (ANET)
• Neutral Sentiment: Arista’s presentation at the Needham Technology, Media, & Consumer Conference kept the stock in focus, but the item appears informational rather than a new catalyst. Arista Networks, Inc. (ANET) Presents at 21st Annual Needham Technology, Media, & Consumer Conference Transcript
• Neutral Sentiment: Comparison articles versus Jabil argued that Jabil may be the stronger AI-driven tech stock on valuation grounds, which could temper enthusiasm for ANET without changing the longer-term AI demand story. Arista vs. Jabil: Which AI-Driven Tech Stock Looks Stronger Now?
• Negative Sentiment: Some commentary noted ongoing supply-chain constraints and margin pressure, which could limit near-term upside even as demand remains strong. AI-Fueled Demand Amid Supply Strains Might Change The Case For Investing In Arista Networks (ANET)

Arista Networks Trading Up 5.0%

Arista Networks stock opened at $147.76 on Friday. The firm has a 50-day moving average of $144.43 and a 200-day moving average of $137.61. The firm has a market cap of $186.06 billion, a P/E ratio of 50.60, a P/E/G ratio of 2.17 and a beta of 1.67. Arista Networks, Inc. has a 1-year low of $83.86 and a 1-year high of $179.80.

Arista Networks (NYSE:ANET) last posted its 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. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.26 earnings per share 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.