Sienna Gestion Raises Position in Arista Networks, Inc. $ANET

Sienna Gestion boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,532 shares of the technology company’s stock after buying an additional 3,043 shares during the quarter. Arista Networks makes up approximately 1.0% of Sienna Gestion’s portfolio, making the stock its 20th largest holding. Sienna Gestion’s holdings in Arista Networks were worth $17,202,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp lifted its stake in Arista Networks by 1.4% in the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Geode Capital Management LLC lifted its stake in Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after purchasing an additional 477,625 shares in the last quarter. Norges Bank purchased a new position in Arista Networks in the 4th quarter worth approximately $1,558,563,000. Finally, Invesco Ltd. lifted its stake in Arista Networks by 1.8% in the 3rd quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock worth $1,470,834,000 after purchasing an additional 181,813 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total transaction of $61,797.68. Following the completion of the sale, the director owned 10,078 shares in the company, valued at $1,475,822.32. This trade represents a 4.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the completion of the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,537,531.68. This trade represents a 58.20% 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 have sold 2,343,747 shares of company stock worth $380,853,419. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $169.20 on Tuesday. The company has a 50 day simple moving average of $155.28 and a 200-day simple moving average of $140.43. The company has a market capitalization of $213.06 billion, a P/E ratio of 57.94, a P/E/G ratio of 2.52 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 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 business 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 revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ANET shares. Barclays reissued an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Truist Financial set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. TD Cowen reissued a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Wolfe Research reissued an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Two equities research 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, the stock presently has an average rating of “Buy” and a consensus target price of $186.47.

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.