New York State Teachers Retirement System Trims Position in Arista Networks, Inc. $ANET

New York State Teachers Retirement System lessened its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 0.6% in the first quarter, Holdings Channel.com reports. The fund owned 834,248 shares of the technology company’s stock after selling 5,422 shares during the period. New York State Teachers Retirement System’s holdings in Arista Networks were worth $102,429,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund bought a new position in Arista Networks in the 4th quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the 4th quarter valued at about $28,000. Knuff & Co LLC bought a new stake in shares of Arista Networks during the 3rd quarter valued at about $29,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks during the fourth quarter valued at about $30,000. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling

In other news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total transaction of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares of the company’s stock, valued at $10,112,056. This trade represents a 3.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction that occurred on Monday, June 22nd. The stock was 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 of the company’s stock, valued at $2,224,345.92. This represents a 57.19% 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 sold 2,639,080 shares of company stock worth $430,322,162 in the last three months. 2.70% of the stock is currently owned by company insiders.

Arista Networks Trading Down 3.7%

ANET stock opened at $160.38 on Friday. The stock’s 50 day simple moving average is $159.42 and its 200 day simple moving average is $143.80. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80. The stock has a market capitalization of $201.95 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 2.57 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping 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 analyst estimates of $2.62 billion. During the same quarter last year, the company earned $0.65 EPS. The company’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. On average, research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

ANET has been the subject of several research analyst reports. TD Cowen restated a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities upped their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup decreased their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Two equities 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 a consensus rating of “Buy” and a consensus price target of $187.63.

Arista Networks 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.