Rockefeller Capital Management L.P. Grows Position in Arista Networks, Inc. $ANET

Rockefeller Capital Management L.P. raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 36.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,294,621 shares of the technology company’s stock after purchasing an additional 346,813 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Arista Networks were worth $169,634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Knuff & Co LLC purchased a new stake in shares of Arista Networks during the third quarter valued at $29,000. Board of the Pension Protection Fund purchased a new position in Arista Networks in the 4th quarter worth $26,000. Sankala Group LLC purchased a new position in Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the 4th quarter worth about $28,000. Finally, Quarry LP acquired a new stake in Arista Networks during the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE:ANET opened at $169.84 on Friday. The firm’s fifty day moving average is $158.10 and its two-hundred day moving average is $141.44. The firm has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 2.62 and a beta of 1.61. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during 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 company’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the transaction, the chief financial officer directly owned 64,408 shares in the company, valued at approximately $10,112,056. This trade represents a 3.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total value of $61,797.68. Following the transaction, the director owned 10,078 shares of the company’s stock, valued at approximately $1,475,822.32. This represents a 4.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,603,747 shares of company stock valued at $423,901,619 over the last 90 days. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several research analyst reports. Bank of America boosted their price target on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Morgan Stanley restated an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Arista Networks has an average rating of “Buy” and an average price target of $187.63.

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.