Jennison Associates LLC Boosts Stock Position in Arista Networks, Inc. $ANET

Jennison Associates LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,269 shares of the technology company’s stock after purchasing an additional 8,172 shares during the period. Jennison Associates LLC’s holdings in Arista Networks were worth $34,289,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sankala Group LLC purchased a new stake in Arista Networks in the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks during the fourth quarter valued at approximately $28,000. Main Street Group LTD bought a new position in shares of Arista Networks during the first quarter valued at approximately $26,000. Quarry LP bought a new position in shares of Arista Networks during the third quarter valued at approximately $33,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the fourth quarter worth $30,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Up 0.3%

NYSE ANET opened at $169.17 on Tuesday. The firm has a market capitalization of $213.02 billion, a PE ratio of 57.94, a P/E/G ratio of 2.59 and a beta of 1.60. The stock’s 50 day moving average is $162.41 and its 200 day moving average is $147.60. Arista Networks, Inc. has a twelve month low of $106.99 and a twelve month high of $189.82.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 240,000 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider owned 182,043,048 shares of the company’s stock, valued at $29,612,942,618.16. The trade was a 0.13% decrease in their ownership of the stock. The transaction 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, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the completion of the sale, the director owned 192,333 shares in the company, valued at approximately $32,131,150.98. This trade represents a 3.99% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,692,983 shares of company stock valued at $452,119,385 over the last 90 days. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANET. Bank of America lifted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $188.95.

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.