Westpac Banking Corp Sells 15,011 Shares of Arista Networks, Inc. $ANET

Westpac Banking Corp decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,478 shares of the technology company’s stock after selling 15,011 shares during the quarter. Arista Networks accounts for approximately 0.7% of Westpac Banking Corp’s investment portfolio, making the stock its 24th biggest holding. Westpac Banking Corp’s holdings in Arista Networks were worth $11,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after buying an additional 70 shares during the last quarter. United Asset Strategies Inc. increased its stake in Arista Networks by 1.2% in the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after buying an additional 72 shares during the last quarter. West Family Investments Inc. increased its stake in Arista Networks by 0.9% in the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock valued at $1,219,000 after buying an additional 76 shares during the last quarter. Personal CFO Solutions LLC increased its stake in Arista Networks by 3.2% in the 4th quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after buying an additional 76 shares during the last quarter. Finally, Clark Financial Services Group Inc. BD increased its stake in Arista Networks by 2.2% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock valued at $518,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In other news, Director Yvonne Wassenaar sold 971 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $140.93, for a total transaction of $136,843.03. Following the completion of the sale, the director owned 9,784 shares in the company, valued at $1,378,859.12. This trade represents a 9.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the completion of the transaction, the insider owned 182,803,048 shares of the company’s stock, valued at $28,674,486,109.28. This represents a 0.12% 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. Insiders have sold a total of 1,935,142 shares of company stock worth $313,589,223 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ANET. Wells Fargo & Company increased 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. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays reiterated an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $185.72.

Arista Networks Stock Up 2.8%

Shares of ANET stock opened at $175.43 on Wednesday. The company has a 50 day moving average of $148.22 and a 200-day moving average of $137.86. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80. The firm has a market cap of $220.90 billion, a P/E ratio of 60.08, a PEG ratio of 2.63 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued 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. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business posted $0.65 EPS. Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. 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 3.27 EPS for the current year.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s shareholder meeting produced no signs of governance trouble: investors backed the board, executive pay and auditor, which helps reinforce stability and continuity at the company. Arista Networks Shareholders Back Board, Pay and Auditor
• Positive Sentiment: Coverage around Arista’s presentation at the William Blair Growth Stock Conference keeps attention on its AI networking growth story and helps support bullish sentiment. Arista Networks, Inc. (ANET) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Positive Sentiment: Articles highlighting Arista as a beneficiary of continued AI infrastructure spending suggest investors still see upside in demand for high-speed networking gear. Is the Arista Networks Post-Earnings Dip a Good Buying Opportunity?
• Positive Sentiment: Broader strength in networking stocks, including Cisco’s move to record highs on AI and cybersecurity demand, is spilling over into Arista and supporting the group’s valuation. Cisco Advances 5% to Record Highs on AI Cybersecurity Push, Arista Climbs as Networking Trade Extends
• Neutral Sentiment: Market commentary comparing ANET with the Nasdaq and other peers mainly reflects ongoing valuation discussion rather than a clear new catalyst. Is Arista Networks stock outperforming the Nasdaq?
• Neutral Sentiment: Some analysts and strategists are cautioning that Arista’s strong run may already reflect a lot of future growth, which could limit upside if AI spending slows. How To Earn 12% While Waiting For Arista Stock To Fall

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.