HighTower Advisors LLC Purchases 213,662 Shares of Arista Networks, Inc. $ANET

HighTower Advisors LLC grew its position in Arista Networks, Inc. (NYSE:ANET) by 48.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 654,819 shares of the technology company’s stock after buying an additional 213,662 shares during the period. HighTower Advisors LLC’s holdings in Arista Networks were worth $85,801,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks during the fourth quarter valued at about $26,000. Knuff & Co LLC acquired a new stake in Arista Networks in the 3rd quarter worth approximately $29,000. Ameliora Wealth Management Ltd. acquired a new stake in Arista Networks in the 4th quarter worth approximately $30,000. Quarry LP acquired a new stake in Arista Networks in the 3rd quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC acquired a new stake in Arista Networks in the 4th quarter worth approximately $34,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Down 0.1%

Shares of NYSE ANET opened at $141.50 on Wednesday. Arista Networks, Inc. has a 12 month low of $83.86 and a 12 month high of $179.80. The company has a 50 day simple moving average of $144.78 and a two-hundred day simple moving average of $137.26. The stock has a market cap of $178.18 billion, a price-to-earnings ratio of 48.46, a PEG ratio of 2.18 and a beta of 1.67.

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

Arista Networks News Summary

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

• Positive Sentiment: Raymond James upgraded Arista Networks to Outperform from Market Perform and raised its price target to $164, citing improving revenue growth prospects into 2027 and beyond. Raymond James flips Arista (ANET) to outperform with $164 target
• Positive Sentiment: Coverage around Arista highlighted it as a key beneficiary of AI data center networking upgrades, reinforcing the view that the company is well positioned for secular demand from next-generation cloud and AI infrastructure. Why Arista Networks (ANET) Is Central to AI Data Center Networking Upgrades
• Positive Sentiment: Recent articles also pointed to Arista’s strong Q1 results, with revenue up 35.1% year over year to $2.71 billion and guidance for about $2.8 billion in Q2 revenue, supporting the growth narrative. Arista Networks, Inc. (ANET): Among Stocks That Will Make You Rich Over the Next Decade
• Neutral Sentiment: Arista’s presentation at J.P. Morgan’s technology conference kept the stock in focus, but the transcript itself did not add a clearly new catalyst beyond the existing growth story. Arista Networks, Inc. (ANET) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks 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 sale, the director owned 208,333 shares of the company’s stock, valued at approximately $36,541,608.20. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,444,729 shares of company stock worth $238,448,539. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday. Truist Financial set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Citigroup lowered their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 target price on shares of Arista Networks in a research note on Friday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.