Legato Capital Management LLC Makes New Investment in Arista Networks, Inc. $ANET

Legato Capital Management LLC acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET) in the fourth quarter, Holdings Channel reports. The fund acquired 3,623 shares of the technology company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ANET. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after acquiring an additional 4,332,659 shares during the period. M&T Bank Corp lifted its holdings in shares of Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after acquiring an additional 3,890,146 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock worth $298,868,000 after acquiring an additional 1,724,758 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares during the period. Finally, Danske Bank A S bought a new position in shares of Arista Networks during the 3rd quarter worth about $112,875,000. 82.47% of the stock is owned by institutional investors.

Arista Networks Stock Down 2.4%

Shares of ANET stock opened at $154.17 on Thursday. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The company has a market capitalization of $194.13 billion, a P/E ratio of 52.80, a P/E/G ratio of 2.43 and a beta of 1.67. The firm has a 50-day moving average price of $146.62 and a 200 day moving average price of $137.31.

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, beating 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm posted $0.65 EPS. The firm’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, research analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ANET shares. Barclays reaffirmed an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Morgan Stanley reissued an “overweight” rating and set a $180.00 price target on shares of Arista Networks in a report on Friday, May 1st. KeyCorp reissued an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Truist Financial set a $175.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $185.72.

Insider Transactions at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 205,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $151.74, for a total value of $31,106,700.00. Following the completion of the sale, the insider owned 183,023,048 shares in the company, valued at approximately $27,771,917,303.52. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,475,822.32. The trade was a 4.02% 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. In the last ninety days, insiders have sold 1,706,885 shares of company stock worth $277,584,100. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Company 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.