OLD National Bancorp IN Sells 5,489 Shares of Arista Networks, Inc. $ANET

OLD National Bancorp IN trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 6.6% during the 1st quarter, HoldingsChannel reports. The fund owned 77,136 shares of the technology company’s stock after selling 5,489 shares during the quarter. OLD National Bancorp IN’s holdings in Arista Networks were worth $9,471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $1,558,563,000. Arrowstreet Capital Limited Partnership boosted 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 buying an additional 4,332,659 shares in the last quarter. M&T Bank Corp boosted its stake 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 worth $525,741,000 after buying an additional 3,890,146 shares in the last quarter. Franklin Resources Inc. increased its holdings in Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after buying an additional 2,934,098 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in 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 buying an additional 1,724,758 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the transaction, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the business’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 completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This represents a 7.59% decrease in their position. 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 sold 2,647,080 shares of company stock valued at $431,329,762 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: KeyBanc raised its price target on Arista Networks to $200 from $178 and kept an Overweight rating, reinforcing the view that the company remains a leading AI networking beneficiary. KeyBanc Raises PT on Arista Networks (ANET) Stock
• Positive Sentiment: Arista unveiled 1.6-terabit networking platforms and said 800-gig deployments are gaining traction, which supports the investment case that its AI and cloud data-center product cycle is still expanding. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: A new analysis highlighted that Arista’s pre-AI balance sheet and backlog of unbooked sales were signaling strong future demand well before the current AI boom, suggesting the company’s growth story may still have room to run. What Arista Networks Stock’s Balance Sheet Revealed Before the AI Boom

Arista Networks Stock Performance

ANET opened at $165.54 on Friday. The firm has a market cap of $208.45 billion, a price-to-earnings ratio of 56.69, a PEG ratio of 2.49 and a beta of 1.61. The firm’s 50-day simple moving average is $159.41 and its 200-day simple moving average is $142.61. Arista Networks, Inc. has a twelve month low of $97.14 and a twelve month high of $179.80.

Arista Networks (NYSE:ANET) last announced its quarterly 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. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ANET shares. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group restated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price objective on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Finally, Citigroup lowered their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average 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.