Thornburg Investment Management Inc. Cuts Holdings in Arista Networks, Inc. $ANET

Thornburg Investment Management Inc. trimmed its position in Arista Networks, Inc. (NYSE:ANET) by 2.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 160,832 shares of the technology company’s stock after selling 4,113 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Arista Networks were worth $21,074,000 as of its most recent SEC filing.

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

Arista Networks Trading Up 0.1%

NYSE:ANET opened at $163.38 on Monday. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The firm has a fifty day simple moving average of $154.43 and a 200-day simple moving average of $140.12. The company has a market capitalization of $205.73 billion, a P/E ratio of 55.95, a PEG ratio of 2.52 and a beta of 1.61.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping 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 the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue for the quarter 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. Equities analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: An analyst raised Arista Networks’ price target, helping fuel the stock’s recent climb and reinforcing optimism around the company’s outlook. Why Arista Networks Stock Flew More Than 4% Higher on Friday
• Positive Sentiment: Arista rolled out its 7060XE7 Series Ethernet platforms, with faster speeds and up to 100 Tbps switching capacity, which could support rising AI infrastructure spending and strengthen future demand. Can Arista’s Advanced Networking Platform Meet the Growing AI Demand?
• Positive Sentiment: Erste Group Bank boosted its FY2027 EPS estimate for Arista to $4.00 from $3.95, signaling improved long-term earnings expectations. MarketBeat Arista Networks article
• Neutral Sentiment: Broader market volatility tied to AI spending concerns, interest rates, and economic growth may be influencing trading across tech stocks, including Arista. The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
• Neutral Sentiment: A report noted that Arista co-founder Andreas Bechtolsheim sold 220,000 shares, which can draw attention but does not by itself confirm a change in the business outlook. Andreas Bechtolsheim Sells 220,000 Shares of Arista Networks (NYSE:ANET) Stock

Insider Buying and Selling at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction 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 directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a 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, major shareholder Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock in a transaction on Friday, June 5th. The stock was sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the sale, the insider owned 111,848 shares of the company’s stock, valued at $17,664,154.64. The trade was a 66.30% 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 ninety days, insiders sold 2,401,747 shares of company stock valued at $388,633,539. Company insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of several recent analyst reports. Barclays restated 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. Needham & Company LLC restated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Piper Sandler restated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Wolfe Research restated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research note on Wednesday. Finally, UBS Group restated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note 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 given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target 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.