ProShare Advisors LLC Purchases 13,171 Shares of Arista Networks, Inc. $ANET

ProShare Advisors LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 5.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 245,026 shares of the technology company’s stock after buying an additional 13,171 shares during the quarter. ProShare Advisors LLC’s holdings in Arista Networks were worth $32,106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ANET. HighTower Advisors LLC boosted its position in shares of Arista Networks by 48.4% in the fourth quarter. HighTower Advisors LLC now owns 654,819 shares of the technology company’s stock valued at $85,801,000 after acquiring an additional 213,662 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Arista Networks by 4.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 62,962 shares of the technology company’s stock valued at $8,250,000 after purchasing an additional 2,417 shares during the period. Pathway Financial Advisers LLC boosted its holdings in Arista Networks by 3.6% in the 4th quarter. Pathway Financial Advisers LLC now owns 7,421 shares of the technology company’s stock valued at $972,000 after purchasing an additional 259 shares during the period. Intrua Financial LLC bought a new position in shares of Arista Networks during the fourth quarter worth approximately $294,000. Finally, Odyssey Capital Advisors Inc. bought a new stake in shares of Arista Networks in the fourth quarter valued at approximately $787,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Raymond James upgraded Arista Networks to Outperform and set a $164 price target, citing expectations that the company’s growth profile should improve in 2027 and beyond. Raymond James flips Arista (ANET) to outperform with $164 target
• Positive Sentiment: Arista was named a Leader in the 2026 Gartner Magic Quadrant for Enterprise Wired and Wireless LAN, reinforcing its momentum in enterprise networking and AI-optimized connectivity. Arista Networks Positioned as a Leader in the 2026 Gartner® Magic Quadrant™ for Enterprise Wired and Wireless LAN
• Positive Sentiment: Analysts continue to highlight Arista as a key beneficiary of the AI data center buildout, with commentary pointing to strong demand for Ethernet-based AI networking and improved fair-value expectations. How The AI Data Center Story Is Reframing Arista Networks (ANET) Valuation And Expectations
• Neutral Sentiment: Arista’s strong Q1 results and guidance remain a backdrop for bullish sentiment, with the company recently reporting revenue growth of 35.1% year over year and guiding for continued strength. Why Arista Networks (ANET) Is Central to AI Data Center Networking Upgrades
• Negative Sentiment: Insider Kenneth Duda sold shares in two disclosed transactions under a Rule 10b5-1 trading plan, which can still weigh on sentiment even though the sales were pre-arranged. SEC filing for Kenneth Duda transaction

Arista Networks Stock Down 0.9%

Shares of NYSE ANET opened at $140.32 on Thursday. The company has a market capitalization of $176.69 billion, a PE ratio of 48.06, a P/E/G ratio of 2.18 and a beta of 1.67. Arista Networks, Inc. has a twelve month low of $83.86 and a twelve month high of $179.80. The firm has a fifty day simple moving average of $144.85 and a 200 day simple moving average of $137.13.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 expect that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the firm’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 transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,502,729 shares of company stock worth $246,573,179. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group restated a “buy” rating and set a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. KeyCorp restated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company boosted their price target on Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $181.84.

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.