Flputnam Investment Management Co. Purchases 42,797 Shares of Arista Networks, Inc. $ANET

Flputnam Investment Management Co. increased its position in Arista Networks, Inc. (NYSE:ANET) by 34.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,330 shares of the technology company’s stock after acquiring an additional 42,797 shares during the quarter. Flputnam Investment Management Co.’s holdings in Arista Networks were worth $21,925,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $26,000. Knuff & Co LLC bought a new position in shares of Arista Networks in the third quarter valued at approximately $29,000. Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $30,000. Quarry LP bought a new position in shares of Arista Networks in the third quarter valued at approximately $33,000. Finally, Ares Financial Consulting LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $34,000. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Rosenblatt Securities raised their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. raised 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. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research report on Friday, May 15th. Evercore reiterated an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a research report on Friday, February 13th. Finally, Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and an average target price of $181.84.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction that occurred on Friday, April 17th. The stock was 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 in the company, valued at $2,119,110.56. This trade represents a 71.15% 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 1,501,885 shares of company stock worth $246,477,400 over the last three months. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $158.21 on Wednesday. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The firm has a market cap of $199.22 billion, a PE ratio of 54.18, a PEG ratio of 2.37 and a beta of 1.67. The company has a 50 day simple moving average of $146.24 and a two-hundred day simple moving average of $137.17.

Arista Networks (NYSE:ANET) last announced its earnings results 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. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business posted $0.65 earnings per share. Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

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.