Northeast Investment Management Buys 3,087 Shares of Arista Networks, Inc. $ANET

Northeast Investment Management boosted its position in Arista Networks, Inc. (NYSE:ANET) by 20.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,414 shares of the technology company’s stock after purchasing an additional 3,087 shares during the period. Northeast Investment Management’s holdings in Arista Networks were worth $2,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Knuff & Co LLC bought a new stake in Arista Networks in the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the fourth quarter valued at about $26,000. Sankala Group LLC bought a new position in Arista Networks during the fourth quarter worth about $27,000. Prosperity Bancshares Inc bought a new position in Arista Networks during the fourth quarter worth about $28,000. Finally, Quarry LP purchased a new position in shares of Arista Networks in the third quarter worth about $33,000. 82.47% of the stock is owned by institutional investors.

Arista Networks News Summary

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

• Positive Sentiment: KeyBanc raised its price target on Arista Networks to $200 from $178 and kept an Overweight rating, reinforcing the view that the company remains a leading AI networking beneficiary. KeyBanc Raises PT on Arista Networks (ANET) Stock
• Positive Sentiment: Arista unveiled 1.6-terabit networking platforms and said 800-gig deployments are gaining traction, which supports the investment case that its AI and cloud data-center product cycle is still expanding. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: A new analysis highlighted that Arista’s pre-AI balance sheet and backlog of unbooked sales were signaling strong future demand well before the current AI boom, suggesting the company’s growth story may still have room to run. What Arista Networks Stock’s Balance Sheet Revealed Before the AI Boom

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ANET. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $187.63.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $2,224,345.92. This trade represents a 57.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the transaction, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at $1,537,531.68. The trade was a 58.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,647,080 shares of company stock valued at $431,329,762 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 2.4%

Shares of NYSE:ANET opened at $165.54 on Friday. The company has a 50 day moving average of $159.41 and a 200 day moving average of $142.61. The stock has a market cap of $208.45 billion, a P/E ratio of 56.69, a P/E/G ratio of 2.49 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $97.14 and a 12 month high of $179.80.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS 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 net margin of 38.32% and a return on equity of 30.10%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Arista Networks 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.