Platinum Investment Management Ltd. Sells 4,789 Shares of Arista Networks, Inc. $ANET

Platinum Investment Management Ltd. decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 27.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,456 shares of the technology company’s stock after selling 4,789 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Arista Networks were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in ANET. Vanguard Group Inc. grew its holdings in shares of Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp grew its holdings in shares of Arista Networks by 0.5% during the 3rd quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock worth $6,752,573,000 after purchasing an additional 245,976 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after purchasing an additional 477,625 shares in the last quarter. Norges Bank acquired a new stake in shares of Arista Networks during the 4th quarter worth $1,558,563,000. Finally, Invesco Ltd. grew its holdings in shares of Arista Networks by 1.8% during the 3rd quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock worth $1,470,834,000 after purchasing an additional 181,813 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks News Roundup

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

• Positive Sentiment: An analyst raised Arista Networks’ price target, helping fuel the stock’s recent climb and reinforcing optimism around the company’s outlook. Why Arista Networks Stock Flew More Than 4% Higher on Friday
• Positive Sentiment: Arista rolled out its 7060XE7 Series Ethernet platforms, with faster speeds and up to 100 Tbps switching capacity, which could support rising AI infrastructure spending and strengthen future demand. Can Arista’s Advanced Networking Platform Meet the Growing AI Demand?
• Positive Sentiment: Erste Group Bank boosted its FY2027 EPS estimate for Arista to $4.00 from $3.95, signaling improved long-term earnings expectations. MarketBeat Arista Networks article
• Neutral Sentiment: Broader market volatility tied to AI spending concerns, interest rates, and economic growth may be influencing trading across tech stocks, including Arista. The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
• Neutral Sentiment: A report noted that Arista co-founder Andreas Bechtolsheim sold 220,000 shares, which can draw attention but does not by itself confirm a change in the business outlook. Andreas Bechtolsheim Sells 220,000 Shares of Arista Networks (NYSE:ANET) Stock

Insiders Place Their Bets

In related news, Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director directly owned 10,078 shares of the company’s stock, valued at $1,475,822.32. This trade represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares in the company, valued at $1,537,531.68. This trade represents a 58.20% 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 sold a total of 2,403,142 shares of company stock valued at $388,820,943 over the last ninety days. 2.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ANET has been the topic of several analyst reports. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, May 15th. Evercore reissued an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a report on Wednesday. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. increased their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $186.47.

Arista Networks Stock Up 4.5%

NYSE:ANET opened at $163.38 on Friday. The stock’s 50-day simple moving average is $154.43 and its 200 day simple moving average is $139.99. The firm has a market capitalization of $205.73 billion, a PE ratio of 55.95, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.