OP Asset Management Ltd Invests $19.05 Million in Arista Networks, Inc. $ANET

OP Asset Management Ltd bought a new position in Arista Networks, Inc. (NYSE:ANET) during the first quarter, Holdings Channel reports. The firm bought 155,151 shares of the technology company’s stock, valued at approximately $19,049,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Arista Networks in the 4th quarter valued at about $1,558,563,000. Arrowstreet Capital Limited Partnership increased its stake in 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 worth $1,396,939,000 after acquiring an additional 4,332,659 shares during the last quarter. M&T Bank Corp raised its position in 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 purchasing an additional 3,890,146 shares during the period. Franklin Resources Inc. raised its position in Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after purchasing an additional 2,934,098 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Arista Networks by 310.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company’s stock valued at $298,868,000 after purchasing an additional 1,724,758 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at $2,224,345.92. This trade represents a 57.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This trade represents a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 2,647,080 shares of company stock valued at $431,329,762. Insiders own 2.70% of the company’s stock.

Analyst Ratings Changes

ANET has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. KeyCorp restated an “overweight” rating and issued a $200.00 price target (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Bank of America lifted their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $187.63.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista unveiled new 1.6-terabit networking platforms as demand for 800-gig deployments continues to build, reinforcing its position in AI and cloud data-center networking. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Analyst commentary highlighted Arista as a beneficiary of pricing power and AI networking expansion, which supports the bull case for revenue growth. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Wall Street coverage remains broadly favorable, with analysts still viewing ANET as a good investment, though this is more a sentiment check than a new catalyst. Wall Street Analysts Think Arista Networks (ANET) Is a Good Investment: Is It?
• Negative Sentiment: Insider Kenneth Duda sold shares in two reported transactions, including a sizable block sale, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 plan. SEC filing for insider sale
• Negative Sentiment: Recent trading showed ANET underperforming peers and falling sharply versus the prior session, signaling near-term momentum weakness. Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note

Arista Networks Stock Performance

Shares of NYSE ANET opened at $161.69 on Thursday. Arista Networks, Inc. has a fifty-two week low of $94.50 and a fifty-two week high of $179.80. The company has a market cap of $203.60 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 2.50 and a beta of 1.61. The business’s 50 day moving average price is $159.19 and its 200-day moving average price is $142.35.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

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.