Arista Networks, Inc. $ANET Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 2.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 374,890 shares of the technology company’s stock after purchasing an additional 10,011 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Arista Networks were worth $54,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its holdings in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $251,000. Sivia Capital Partners LLC lifted its position in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after buying an additional 3,496 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in Arista Networks by 11.1% during the second quarter. Harbour Investments Inc. now owns 1,804 shares of the technology company’s stock worth $185,000 after buying an additional 180 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was 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 of the company’s stock, valued at approximately $1,373,967.12. This represents a 44.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $128.43, for a total value of $3,339,180.00. Following the completion of the transaction, the insider directly owned 522,400 shares of the company’s stock, valued at approximately $67,091,832. This represents a 4.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 216,464 shares of company stock valued at $27,553,548. Corporate insiders own 3.39% of the company’s stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Reported stronger-than-expected Q4 results: EPS $0.82 vs. $0.75 est., revenue $2.49B (+28.9% YoY) and record net income; company raised AI revenue targets and issued revenue guidance above Street estimates, supporting the AI-driven growth narrative. Read More.
• Positive Sentiment: Analysts are lifting price targets and turning more bullish (Wells Fargo, Needham, Rosenblatt among those raising targets/ratings), giving additional analyst-driven momentum to the stock. Read More.
• Positive Sentiment: Market views Arista as outperforming peers (notably Cisco) by managing supply-chain pressures and capturing hyperscaler AI capex, which supports margin resilience and share gains. Read More.
• Neutral Sentiment: Management said Arista is diversifying accelerator support: deployments that were ~99% Nvidia a year ago now include ~20–25% AMD — a strategic shift that increases customer options but alters vendor dynamics. Traders note this may be weighing on GPU vendor stocks while benefiting Arista’s flexibility. Read More.
• Neutral Sentiment: Unusually high options activity is signaling elevated trader interest/positioning ahead of and after earnings. Read More.
• Negative Sentiment: Valuation is rich (ANET trades at a high P/E), and some commentary asks whether the recent run (one-year gains) leaves less margin for error if growth slows. This could temper longer-term upside. Read More.
• Negative Sentiment: Rising component/memory costs are a sector-wide headwind; management says it’s mitigating impacts via purchase commitments, but cost pressure remains a watch item for margins. Read More.

Arista Networks Price Performance

Shares of ANET opened at $141.46 on Friday. The firm has a 50-day simple moving average of $133.05 and a two-hundred day simple moving average of $137.00. The stock has a market cap of $178.13 billion, a PE ratio of 51.25, a P/E/G ratio of 2.39 and a beta of 1.42. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Arista Networks had a net margin of 38.99% and a return on equity of 31.34%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ANET shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $165.00 target price on shares of Arista Networks in a research note on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Arista Networks in a research report on Monday, December 29th. Rosenblatt Securities lifted their target price on shares of Arista Networks from $140.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. UBS Group reissued a “buy” rating and issued a $177.00 price target on shares of Arista Networks in a research note on Friday. Finally, Needham & Company LLC lifted their price target on shares of Arista Networks from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Friday. Eighteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus price target of $175.41.

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.