Boothbay Fund Management LLC Buys 28,338 Shares of Arista Networks, Inc. $ANET

Boothbay Fund Management LLC increased its stake in Arista Networks, Inc. (NYSE:ANET) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,206 shares of the technology company’s stock after buying an additional 28,338 shares during the quarter. Boothbay Fund Management LLC’s holdings in Arista Networks were worth $14,833,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Knuff & Co LLC bought a new stake in Arista Networks in the third quarter worth $29,000. Board of the Pension Protection Fund bought a new stake in Arista Networks in the fourth quarter worth $26,000. Prosperity Bancshares Inc bought a new stake in Arista Networks in the fourth quarter worth $28,000. Quarry LP bought a new stake in shares of Arista Networks during the third quarter worth $33,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Arista Networks during the fourth quarter worth $30,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

ANET stock opened at $164.51 on Thursday. The business has a 50-day moving average price of $156.88 and a 200 day moving average price of $140.97. The company has a market capitalization of $207.15 billion, a P/E ratio of 56.34, a PEG ratio of 2.59 and a beta of 1.61. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-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 the consensus estimate of $0.81 by $0.06. The firm 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Arista continues to be highlighted as a beneficiary of AI infrastructure spending, with articles pointing to its role in data center networking and cloud connectivity as key growth drivers. Why Is Arista Networks Driving S&P 500 AI Infrastructure Growth?
• Positive Sentiment: BofA Securities reportedly raised its price target on Arista Networks, which can support investor confidence in the stock’s longer-term outlook. BofA Securities Raises Price Target for Arista Networks (ANET)
• Neutral Sentiment: Arista is drawing heavy investor attention after an 87% one-year gain, with some coverage questioning whether the stock’s rapid run has already priced in much of the optimism. Arista Networks (ANET) Stock After 87% Annual Gain Is It Time To Pause?
• Neutral Sentiment: Arista was among the most searched stocks on Zacks, reflecting elevated investor interest but not necessarily a fundamental catalyst by itself. Investors Heavily Search Arista Networks, Inc. (ANET): Here is What You Need to Know
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares in a pre-arranged Rule 10b5-1 transaction, a move that can weigh on sentiment even though the sale was relatively small versus his total holdings. SEC filing for Andreas Bechtolsheim transaction
• Negative Sentiment: Recent market coverage noted that ANET declined more than the broader market, reinforcing near-term selling pressure and profit-taking after its strong run. Arista Networks (ANET) Declines More Than Market: Some Information for Investors

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings downgraded Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Morgan Stanley reiterated an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Rosenblatt Securities lifted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has a consensus rating of “Buy” and an average price target of $186.47.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the sale, the director directly owned 200,333 shares in the company, valued at $33,874,306.97. The trade was a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 dated Thursday, May 21st. The shares were sold at an average price of $146.44, for a total value of $61,797.68. Following the completion of the sale, the director owned 10,078 shares of the company’s stock, valued at $1,475,822.32. The trade was 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 a total of 2,603,747 shares of company stock valued at $423,901,619 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

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.