Rakuten Investment Management Inc. Increases Stock Position in Arista Networks, Inc. $ANET

Rakuten Investment Management Inc. boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 142.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,353 shares of the technology company’s stock after purchasing an additional 80,642 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Arista Networks were worth $18,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Abound Financial LLC purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $243,000. L2 Asset Management LLC raised its stake in shares of Arista Networks by 13.8% during the fourth quarter. L2 Asset Management LLC now owns 5,265 shares of the technology company’s stock worth $690,000 after acquiring an additional 638 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $237,000. 71 West Capital Partners purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $574,000. Finally, Talos Eurisko Asset Management LP raised its stake in shares of Arista Networks by 23.8% during the fourth quarter. Talos Eurisko Asset Management LP now owns 722,600 shares of the technology company’s stock worth $94,682,000 after acquiring an additional 139,000 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a report on Friday, May 15th. Bank of America raised their target price on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Rosenblatt Securities raised their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two 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 company. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $186.47.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,119,110.56. The trade was a 71.15% 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. Insiders have sold a total of 2,343,747 shares of company stock worth $380,853,419 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Trading Up 3.7%

Shares of ANET stock opened at $169.20 on Tuesday. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The stock has a market cap of $213.06 billion, a PE ratio of 57.94, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The company’s fifty day moving average price is $155.28 and its 200-day moving average price is $140.43.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (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 net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, sell-side 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.