Mitsubishi UFJ Asset Management Co. Ltd. Acquires 205,919 Shares of Arista Networks, Inc. $ANET

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,578,287 shares of the technology company’s stock after buying an additional 205,919 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Arista Networks worth $437,999,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ANET. Lighthouse Financial Services Inc. ADV acquired a new stake in Arista Networks in the 4th quarter worth approximately $1,549,000. Bensler LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $6,350,000. QRG Capital Management Inc. grew its holdings in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. raised its position in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after purchasing an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $3,058,000. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 111,848 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $192.75, for a total value of $21,558,702.00. Following the sale, the insider directly owned 109,833 shares in the company, valued at $21,170,310.75. This trade represents a 50.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the transaction, the insider owned 462,400 shares in the company, valued at approximately $78,843,824. The trade was a 5.32% 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. Over the last 90 days, insiders have sold 4,335,168 shares of company stock valued at $798,637,629. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Up 1.6%

ANET opened at $202.05 on Tuesday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The stock has a market capitalization of $254.83 billion, a price-to-earnings ratio of 63.74, a P/E/G ratio of 2.06 and a beta of 1.60. The business has a 50 day moving average of $175.00 and a 200-day moving average of $155.18.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the company posted $0.73 earnings per share. Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ANET. Citigroup restated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Evercore reissued an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp restated an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $226.05.

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.