Thornburg Investment Management Inc. Trims Stake in Arista Networks, Inc. $ANET

Thornburg Investment Management Inc. reduced its position in Arista Networks, Inc. (NYSE:ANET) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,832 shares of the technology company’s stock after selling 4,113 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Arista Networks were worth $21,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Board of the Pension Protection Fund purchased a new stake in Arista Networks in the 4th quarter worth about $26,000. Knuff & Co LLC purchased a new stake in Arista Networks in the 3rd quarter worth about $29,000. Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the 4th quarter worth about $30,000. Quarry LP purchased a new stake in Arista Networks in the 3rd quarter worth about $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in Arista Networks in the 4th quarter worth about $34,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Citigroup reduced their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Truist Financial set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday. 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $186.47.

Arista Networks News Roundup

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

• Positive Sentiment: An analyst raised Arista Networks’ price target, helping fuel the stock’s recent climb and reinforcing optimism around the company’s outlook. Why Arista Networks Stock Flew More Than 4% Higher on Friday
• Positive Sentiment: Arista rolled out its 7060XE7 Series Ethernet platforms, with faster speeds and up to 100 Tbps switching capacity, which could support rising AI infrastructure spending and strengthen future demand. Can Arista’s Advanced Networking Platform Meet the Growing AI Demand?
• Positive Sentiment: Erste Group Bank boosted its FY2027 EPS estimate for Arista to $4.00 from $3.95, signaling improved long-term earnings expectations. MarketBeat Arista Networks article
• Neutral Sentiment: Broader market volatility tied to AI spending concerns, interest rates, and economic growth may be influencing trading across tech stocks, including Arista. The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
• Neutral Sentiment: A report noted that Arista co-founder Andreas Bechtolsheim sold 220,000 shares, which can draw attention but does not by itself confirm a change in the business outlook. Andreas Bechtolsheim Sells 220,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $163.38 on Monday. The firm has a market cap of $205.73 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.52 and a beta of 1.61. The firm’s 50 day simple moving average is $154.43 and its 200-day simple moving average is $140.12. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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. The company 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%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This trade represents a 71.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00. Following the transaction, the insider directly owned 331,848 shares in the company, valued at approximately $54,111,134.88. The trade was a 41.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,401,747 shares of company stock valued at $388,633,539 over the last ninety days. 2.70% of the stock is owned by company insiders.

About Arista Networks

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.