Themes Management Co LLC Purchases Shares of 6,246 Arista Networks, Inc. $ANET

Themes Management Co LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET) during the 4th quarter, Holdings Channel.com reports. The fund purchased 6,246 shares of the technology company’s stock, valued at approximately $818,000.

Other hedge funds also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund purchased a new position in Arista Networks in the fourth quarter valued at approximately $26,000. Knuff & Co LLC purchased a new position in shares of Arista Networks during the third quarter worth approximately $29,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $30,000. Quarry LP purchased a new position in shares of Arista Networks during the third quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of Arista Networks during the fourth quarter worth approximately $34,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ANET shares. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Truist Financial set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks has a consensus rating of “Buy” and a consensus target price of $181.84.

Insiders Place Their Bets

In related news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction on 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 directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction on Friday, April 17th. The shares were 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. This trade represents a 71.15% 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. Over the last quarter, insiders sold 1,503,278 shares of company stock worth $246,655,981. 2.70% of the stock is currently owned by insiders.

Arista Networks Price Performance

NYSE:ANET opened at $153.92 on Tuesday. The firm’s fifty day moving average price is $145.75 and its 200 day moving average price is $137.05. Arista Networks, Inc. has a 1-year low of $83.86 and a 1-year high of $179.80. The firm has a market cap of $193.82 billion, a price-to-earnings ratio of 52.71, a price-to-earnings-growth ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm posted $0.65 EPS. Arista Networks’s quarterly 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. As a group, analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal 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.