Arista Networks, Inc. $ANET Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in Arista Networks, Inc. (NYSE:ANET) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,965 shares of the technology company’s stock after purchasing an additional 5,845 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Arista Networks were worth $21,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ANET. Arrowstreet Capital Limited Partnership increased its stake in shares of Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after acquiring an additional 4,332,659 shares during the period. M&T Bank Corp increased its stake in shares of Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after acquiring an additional 3,890,146 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Arista Networks by 310.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after acquiring an additional 1,724,758 shares during the period. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.2% during 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 during the period. Finally, Danske Bank A S acquired a new position in shares of Arista Networks during the third quarter valued at approximately $112,875,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

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

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred 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 owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a 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, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,740,600.64. This trade represents a 71.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,444,729 shares of company stock worth $238,448,539. 2.70% of the stock is owned by insiders.

Arista Networks Stock Performance

Arista Networks stock opened at $141.50 on Wednesday. The firm has a market cap of $178.18 billion, a price-to-earnings ratio of 48.46, a price-to-earnings-growth ratio of 2.18 and a beta of 1.67. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The firm’s 50 day moving average price is $144.78 and its two-hundred day moving average price is $137.26.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. KeyCorp reiterated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Finally, Rosenblatt Securities raised their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $181.84.

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.