Legal & General Group Plc Purchases 141,782 Shares of Arista Networks, Inc. $ANET

Legal & General Group Plc increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,988,853 shares of the technology company’s stock after purchasing an additional 141,782 shares during the period. Legal & General Group Plc’s holdings in Arista Networks were worth $1,046,779,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Elite Life Management LLC bought a new stake in shares of Arista Networks during the 4th quarter valued at $369,000. New Age Alpha Advisors LLC raised its position in shares of Arista Networks by 1,850.5% during the 4th quarter. New Age Alpha Advisors LLC now owns 4,174 shares of the technology company’s stock valued at $547,000 after purchasing an additional 3,960 shares during the period. HBK Sorce Advisory LLC raised its position in shares of Arista Networks by 24.0% during the 4th quarter. HBK Sorce Advisory LLC now owns 25,911 shares of the technology company’s stock valued at $3,563,000 after purchasing an additional 5,014 shares during the period. Kuhn & Co Investment Counsel raised its position in shares of Arista Networks by 5.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 1,561 shares of the technology company’s stock valued at $205,000 after purchasing an additional 85 shares during the period. Finally, Darden Wealth Group Inc raised its position in shares of Arista Networks by 8.7% during the 4th quarter. Darden Wealth Group Inc now owns 22,574 shares of the technology company’s stock valued at $2,958,000 after purchasing an additional 1,804 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction on 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 completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This trade represents a 71.15% decrease in their position. The sale was disclosed in a 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 428,000 shares of Arista Networks stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction 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. The trade was a 7.59% decrease in their ownership of the stock. 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. Insiders sold a total of 1,503,278 shares of company stock valued at $246,655,981 over the last three months. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ANET. JPMorgan Chase & Co. raised their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Susquehanna raised shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research note on Friday, May 15th. Citigroup cut their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $178.00 target price (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $181.84.

Arista Networks News Roundup

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

• Positive Sentiment: Arista was highlighted for strong cash flow growth, with operating cash flow reaching $1.69 billion in Q1 2026, reinforcing confidence in the durability of its AI and cloud networking demand. Article Title
• Positive Sentiment: The company was named a Leader in Gartner’s 2026 Magic Quadrant for enterprise wired and wireless LAN, and it unveiled new campus networking hardware plus an upgraded AIOps platform, broadening its growth opportunity beyond data centers. Article Title
• Positive Sentiment: Arista continues to be featured by analysts and market commentary as a key “pick-and-shovel” AI stock and one of the cloud-computing names benefiting from hyperscaler AI buildouts. Article Title
• Neutral Sentiment: Several articles repeated that Arista has strong profitability and upside potential, but these were largely recap-style mentions rather than new fundamental catalysts. Article Title
• Negative Sentiment: One recent headline focused on “margin anxiety” around the stock, suggesting some investors still worry about profitability pressure even amid strong growth. Article Title

Arista Networks Stock Performance

ANET opened at $153.92 on Monday. The stock has a market capitalization of $193.82 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 2.37 and a beta of 1.67. The company has a fifty day moving average of $145.35 and a 200 day moving average of $137.04. Arista Networks, Inc. has a fifty-two week low of $83.86 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, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company posted $0.65 EPS. The business’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Arista Networks Company 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.