Employees Retirement System of Texas Purchases 75,847 Shares of Arista Networks, Inc. $ANET

Employees Retirement System of Texas raised its position in Arista Networks, Inc. (NYSE:ANET) by 12.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 668,391 shares of the technology company’s stock after purchasing an additional 75,847 shares during the period. Employees Retirement System of Texas’ holdings in Arista Networks were worth $87,579,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lighthouse Financial Services Inc. ADV bought a new position in Arista Networks in the fourth quarter valued at approximately $1,549,000. Bensler LLC bought a new position in shares of Arista Networks in the fourth quarter valued at about $6,350,000. QRG Capital Management Inc. lifted its position 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 worth $22,224,000 after acquiring an additional 10,217 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Arista Networks by 38.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock worth $96,480,000 after purchasing an additional 183,515 shares during the last quarter. Finally, Czech National Bank boosted its stake in Arista Networks by 4.0% in the 4th quarter. Czech National Bank now owns 272,284 shares of the technology company’s stock valued at $35,677,000 after purchasing an additional 10,525 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Performance

NYSE:ANET opened at $158.21 on Wednesday. The company has a market cap of $199.22 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a fifty-two week low of $83.86 and a fifty-two week high of $179.80. The stock has a fifty day moving average price of $146.24 and a 200-day moving average price of $137.17.

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

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $175.40, for a total transaction of $1,403,200.00. Following the completion of the sale, the director owned 208,333 shares of the company’s stock, valued at approximately $36,541,608.20. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 971 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $140.93, for a total transaction of $136,843.03. Following the sale, the director owned 9,784 shares in the company, valued at $1,378,859.12. This represents a 9.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,501,885 shares of company stock valued at $246,477,400. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ANET. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $188.00 price objective (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. UBS Group reaffirmed a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Barclays reiterated an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Two research 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $181.84.

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.