Resona Asset Management Co. Ltd. Sells 17,650 Shares of Arista Networks, Inc. $ANET

Resona Asset Management Co. Ltd. reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,776 shares of the technology company’s stock after selling 17,650 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Arista Networks were worth $49,382,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UniSuper Management Pty Ltd raised its stake in Arista Networks by 24.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 363,932 shares of the technology company’s stock worth $53,029,000 after acquiring an additional 70,377 shares during the period. Drive Wealth Management LLC increased its stake in shares of Arista Networks by 1.3% in the third quarter. Drive Wealth Management LLC now owns 6,413 shares of the technology company’s stock worth $934,000 after purchasing an additional 81 shares in the last quarter. ERn Financial LLC raised its position in shares of Arista Networks by 3.3% during the 3rd quarter. ERn Financial LLC now owns 4,697 shares of the technology company’s stock valued at $684,000 after purchasing an additional 150 shares during the period. Northstar Asset Management Inc. lifted its stake in shares of Arista Networks by 2.4% during the 3rd quarter. Northstar Asset Management Inc. now owns 23,381 shares of the technology company’s stock valued at $3,407,000 after buying an additional 541 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Arista Networks by 2.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,731 shares of the technology company’s stock worth $398,000 after buying an additional 77 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arista Networks

In other news, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $128.43, for a total value of $3,339,180.00. Following the sale, the insider directly owned 522,400 shares in the company, valued at $67,091,832. The trade was a 4.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jayshree Ullal sold 24,042 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the sale, the chief executive officer owned 9,917 shares in the company, valued at $1,235,162.35. This represents a 70.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 216,464 shares of company stock worth $27,687,068. Company insiders own 3.39% of the company’s stock.

Arista Networks Trading Down 1.5%

Shares of Arista Networks stock opened at $136.30 on Friday. The firm has a market cap of $171.64 billion, a PE ratio of 51.82, a PEG ratio of 2.33 and a beta of 1.41. The stock has a 50 day moving average of $128.62 and a 200 day moving average of $133.71. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The company’s revenue was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Piper Sandler upgraded ANET to Overweight and raised its price target (to $159), citing a “year of refresh” as hyperscalers shift capex from chips to network infrastructure (800G/1.6T adoption). The upgrade reinforces the consensus Buy posture and is being cited as a primary reason for recent upside momentum. Can ‘Year of Refresh’ Thesis Reignite Arista’s AI Growth Story?
• Neutral Sentiment: ANET posted a strong short-term move (a high-volume rally noted by Zacks), which signals investor interest and liquidity — but Zacks warns that recent earnings estimate revision trends may not sustain the move without confirmatory earnings/capex data. Momentum is present, but fundamentals and guidance will need to follow. Arista Networks (ANET) Moves 8.7% Higher: Will This Strength Last?
• Neutral Sentiment: General sector coverage highlights cloud and AI infrastructure as themes investors can use for exposure; this is background tailwind for Arista but not company-specific news that directly moves the stock. Treat as thematic support rather than a catalyst. Seeking Cloud Exposure? Use This Tool
• Negative Sentiment: Insider selling: SEC filings show Kenneth Duda sold shares in recent January transactions (two filings totalling ~56,000 shares at about $128.43 each). Insider sales can raise short-term caution among investors, especially given Arista’s customer concentration and high valuation. SEC Filing — Insider Sales

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ANET shares. Morgan Stanley cut their price target on Arista Networks from $171.00 to $159.00 and set an “overweight” rating for the company in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Arista Networks in a research report on Monday, December 29th. Erste Group Bank downgraded Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays restated an “overweight” rating and issued a $183.00 price target (up from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $155.00 price objective on shares of Arista Networks in a report on Wednesday, December 3rd. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.44.

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.