67,371 Shares in Arista Networks, Inc. $ANET Bought by Generate Investment Management Ltd

Generate Investment Management Ltd purchased a new stake in Arista Networks, Inc. (NYSE:ANET) in the 1st quarter, HoldingsChannel reports. The fund purchased 67,371 shares of the technology company’s stock, valued at approximately $8,272,000.

Several other hedge funds also recently added to or reduced their stakes in ANET. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks during the 4th quarter worth approximately $28,000. Knuff & Co LLC acquired a new position in Arista Networks during the 3rd quarter worth approximately $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Arista Networks in the 4th quarter worth approximately $30,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ANET has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Morgan Stanley restated an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Bank of America lifted their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $187.63.

Insider Activity

In related news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,603,747 shares of company stock valued at $423,901,619 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of ANET opened at $174.66 on Tuesday. The business’s fifty day moving average price is $158.69 and its 200 day moving average price is $141.87. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80. The stock has a market capitalization of $219.93 billion, a PE ratio of 59.81, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm 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 firm’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

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.