OVERSEA CHINESE BANKING Corp Ltd Lowers Holdings in Arista Networks, Inc. $ANET

OVERSEA CHINESE BANKING Corp Ltd decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,620 shares of the technology company’s stock after selling 5,951 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Arista Networks were worth $7,958,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Arista Networks by 1.0% during the third quarter. Vanguard Group Inc. now owns 100,000,830 shares of the technology company’s stock valued at $14,571,121,000 after buying an additional 1,007,730 shares during the last quarter. State Street Corp raised its stake in Arista Networks by 0.5% during the third quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after buying an additional 245,976 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Arista Networks by 1.8% in the 3rd quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock worth $1,470,834,000 after purchasing an additional 181,813 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Arista Networks by 82.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after purchasing an additional 4,332,659 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Arista Networks by 2,829.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock worth $833,630,000 after purchasing an additional 5,525,828 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of ANET opened at $173.09 on Wednesday. Arista Networks, Inc. has a one year low of $67.16 and a one year high of $173.85. The firm has a market capitalization of $217.95 billion, a P/E ratio of 62.71, a PEG ratio of 2.93 and a beta of 1.48. The business has a fifty day moving average of $137.29 and a 200 day moving average of $136.59.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. Arista Networks’s revenue was up 28.9% compared to the same quarter last year. Analysts expect that Arista Networks, Inc. will post 3.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of Arista Networks stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $155.02, for a total value of $1,378,127.80. Following the completion of the sale, the chief financial officer owned 60,734 shares of the company’s stock, valued at $9,414,984.68. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 350,000 shares of Arista Networks stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $159.32, for a total value of $55,762,000.00. Following the completion of the sale, the chief executive officer directly owned 5,333,207 shares of the company’s stock, valued at $849,686,539.24. The trade was a 6.16% 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 a total of 674,729 shares of company stock valued at $103,441,374 over the last ninety days. 3.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ANET. Wells Fargo & Company boosted their price target on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. UBS Group set a $200.00 price target on Arista Networks in a research note on Tuesday, February 24th. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. KeyCorp restated an “overweight” rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Finally, Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $177.83.

More Arista Networks News

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

• Positive Sentiment: Evercore added Arista to a tactical outperform list ahead of Q1 results, signaling analyst confidence in a beat?and?raise setup that can drive short?term upside into earnings. Evercore adds Arista Networks, IBM to tactical outperform list ahead of earnings
• Positive Sentiment: Coverage highlighting Arista as a leading beneficiary of AI data?center spending strengthens the growth narrative and justifies premium multiples as cloud/AI customers upgrade networking stacks. Arista Networks Inc. (ANET): Potential Winner of AI Networking War
• Positive Sentiment: Multiple writeups note Arista’s history of beating estimates and position the company for another upside surprise; combined with recent analyst price?target raises, this is fueling buying momentum. Are You Looking for a Top Momentum Pick? Why Arista Networks (ANET) is a Great Choice
• Neutral Sentiment: Trending/“momentum pick” articles (Yahoo/QZ/Zacks syndication) are driving retail attention and higher intraday volume; useful for momentum traders but not definitive on fundamentals. Are You Looking for a Top Momentum Pick? Why Arista Networks (ANET) is a Great Choice (QZ)
• Negative Sentiment: CEO Jayshree Ullal sold 350,000 shares (~$55.8M) under a pre?arranged Rule 10b5?1 plan; the size of the sale is notable and may give some investors pause despite the plan disclosure. Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 350,000 Shares of Stock

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.