Arista Networks, Inc. $ANET Stock Position Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 21.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,529 shares of the technology company’s stock after purchasing an additional 39,600 shares during the period. Public Sector Pension Investment Board’s holdings in Arista Networks were worth $32,279,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Norges Bank purchased a new position in Arista Networks in the 2nd quarter worth about $1,228,177,000. Massachusetts Financial Services Co. MA lifted its stake in Arista Networks by 2,829.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock valued at $833,630,000 after buying an additional 5,525,828 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock worth $721,342,000 after buying an additional 4,656,021 shares during the period. Holocene Advisors LP acquired a new position in shares of Arista Networks in the second quarter worth about $247,451,000. Finally, Schroder Investment Management Group raised its holdings in shares of Arista Networks by 14.8% during the second quarter. Schroder Investment Management Group now owns 10,494,124 shares of the technology company’s stock valued at $1,073,654,000 after acquiring an additional 1,350,593 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Q4 results beat expectations — Arista reported $0.82 EPS vs. $0.75 consensus and revenue of $2.49B vs. $2.38B consensus, with revenue up ~29% YoY and strong margins, giving investors concrete evidence of durable demand. Zacks: ANET Beats Q4
• Positive Sentiment: Management issued upbeat revenue guidance — the company guided Q1 revenue near $2.6B and forecasted full-year revenue above Street estimates, citing accelerating AI-driven data center demand; that outlook triggered sizable after-hours buying. Reuters: Arista forecasts upbeat revenue
• Positive Sentiment: Analyst support strengthened — Rosenblatt raised its price target and other upgrades/positive notes hit ahead of the print, reinforcing bullish sentiment and likely contributing to increased demand. Yahoo: Rosenblatt Raises PT
• Neutral Sentiment: Company commentary and call transcript provide color (Arista 2.0 momentum, network port milestones) that supports long-term thesis but contains execution details investors will parse on the conference call. Seeking Alpha: Q4 Call Transcript
• Neutral Sentiment: Unusually large options activity — traders bought tens of thousands of calls ahead of/around the print, which tends to amplify price moves and intraday volatility but is speculative in nature.
• Negative Sentiment: EPS guidance was not clearly provided (company released revenue guidance but the EPS line was left blank in the early update), leaving some earnings-forecast uncertainty that could lead to short-term volatility as analysts model margins and share buybacks.

Arista Networks Price Performance

ANET opened at $135.79 on Friday. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The business has a 50-day moving average of $132.80 and a 200-day moving average of $136.70. The company has a market capitalization of $171.00 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.42.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.75 by $0.07. The business had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Arista Networks had a return on equity of 30.28% and a net margin of 39.73%.The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.66 EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the transaction, the director owned 9,784 shares in the company, valued at approximately $1,373,967.12. This trade represents a 44.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $123.16, for a total transaction of $3,694,800.00. Following the completion of the sale, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,598,124.16. The trade was a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 216,464 shares of company stock worth $27,553,548 in the last 90 days. 3.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on ANET. UBS Group reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Arista Networks in a research note on Wednesday, December 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Arista Networks in a research note on Monday, December 29th. Erste Group Bank cut Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Rosenblatt Securities upped their target price on Arista Networks from $140.00 to $165.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Morgan Stanley reduced their price target on shares of Arista Networks from $171.00 to $159.00 and set an “overweight” rating for the company in a research report on Wednesday, December 17th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $166.00.

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.