Resona Asset Management Co. Ltd. Sells 12,718 Shares of Arista Networks, Inc. $ANET

Resona Asset Management Co. Ltd. trimmed its stake in Arista Networks, Inc. (NYSE:ANET) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 327,058 shares of the technology company’s stock after selling 12,718 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Arista Networks were worth $43,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new stake in shares of Arista Networks during the 4th quarter worth approximately $26,000. Knuff & Co LLC bought a new stake in shares of Arista Networks during the 3rd quarter worth approximately $29,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Arista Networks during the 4th quarter worth approximately $30,000. Quarry LP bought a new stake in shares of Arista Networks during the 3rd quarter worth approximately $33,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Arista Networks during the 4th quarter worth approximately $34,000. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $155.02, for a total transaction of $1,378,127.80. Following the transaction, the chief financial officer directly owned 60,734 shares in the company, valued at $9,414,984.68. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a document filed 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 428,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% 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. Insiders have sold 1,444,729 shares of company stock worth $238,448,539 in the last ninety days. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. JPMorgan Chase & Co. raised their price target on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $188.00 price target (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $181.84.

Arista Networks Stock Down 0.2%

ANET opened at $141.72 on Tuesday. The stock’s fifty day moving average is $144.62 and its two-hundred day moving average is $137.40. The company has a market capitalization of $178.46 billion, a P/E ratio of 48.54, a PEG ratio of 2.18 and a beta of 1.67. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 3.28 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.