Old North State Trust LLC Boosts Stock Holdings in Arista Networks, Inc. $ANET

Old North State Trust LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,281 shares of the technology company’s stock after acquiring an additional 3,538 shares during the period. Arista Networks makes up approximately 1.1% of Old North State Trust LLC’s portfolio, making the stock its 19th largest position. Old North State Trust LLC’s holdings in Arista Networks were worth $1,871,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. J. Derek Lewis & Associates Inc. bought a new position in Arista Networks in the 4th quarter valued at approximately $297,000. Up Capital Management Inc. bought a new stake in shares of Arista Networks in the 4th quarter worth $5,135,000. Stance Capital LLC raised its stake in shares of Arista Networks by 4.4% in the fourth quarter. Stance Capital LLC now owns 10,399 shares of the technology company’s stock worth $1,363,000 after purchasing an additional 442 shares during the last quarter. Cornerstone Planning LLC purchased a new position in shares of Arista Networks in the fourth quarter worth $357,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Arista Networks by 36.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,294,621 shares of the technology company’s stock valued at $169,634,000 after purchasing an additional 346,813 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. KeyCorp restated an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a research note on Thursday. TD Cowen reiterated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Arista Networks Stock Performance

ANET stock opened at $169.84 on Friday. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80. The business’s 50-day moving average is $158.10 and its two-hundred day moving average is $141.44. The company has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $0.65 EPS. The business’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. Equities analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $146.44, for a total transaction of $61,797.68. Following the transaction, the director owned 10,078 shares in the company, valued at $1,475,822.32. This trade represents a 4.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,537,531.68. This represents a 58.20% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last three months. Corporate insiders own 2.70% of the company’s stock.

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.