Arista Networks, Inc. $ANET Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 177,434 shares of the technology company’s stock after selling 39,009 shares during the period. Harvest Portfolios Group Inc.’s holdings in Arista Networks were worth $23,249,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Knuff & Co LLC acquired a new stake in shares of Arista Networks in the 3rd quarter worth approximately $29,000. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks in the 4th quarter worth approximately $26,000. Quarry LP acquired a new stake in shares of Arista Networks in the 3rd quarter worth approximately $33,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Arista Networks in the 4th quarter worth approximately $30,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $175.40, for a total value of $1,403,200.00. Following the completion of the sale, the director directly owned 208,333 shares in the company, valued at approximately $36,541,608.20. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,444,729 shares of company stock worth $238,448,539 in the last quarter. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ANET shares. Morgan Stanley restated an “overweight” rating and issued a $180.00 price target on shares of Arista Networks in a report on Friday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities upped their price target on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Finally, Piper Sandler restated an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $181.84.

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

Arista Networks Stock Performance

ANET stock opened at $141.50 on Wednesday. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The stock’s 50 day moving average price is $144.78 and its 200 day moving average price is $137.26. The firm has a market cap of $178.18 billion, a P/E ratio of 48.46, a PEG ratio of 2.18 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Arista Networks’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

About Arista Networks

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.