Lansforsakringar Fondforvaltning AB publ Acquires 37,574 Shares of Arista Networks, Inc. $ANET

Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 7.7% during the 1st quarter, HoldingsChannel reports. The fund owned 523,941 shares of the technology company’s stock after buying an additional 37,574 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Arista Networks were worth $64,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Lighthouse Financial Services Inc. ADV purchased a new position in Arista Networks in the 4th quarter worth approximately $1,549,000. Bensler LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at $6,350,000. QRG Capital Management Inc. raised its position in shares of Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after buying an additional 10,217 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in shares of Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after acquiring an additional 6,591 shares during the last quarter. Finally, Reaves W H & Co. Inc. purchased a new position in Arista Networks in the fourth quarter worth $3,058,000. 82.47% of the stock is owned by institutional investors.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The transaction 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, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the transaction, the chief financial officer owned 64,408 shares in the company, valued at $10,112,056. This represents a 3.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ANET shares. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research report on Friday, May 15th. Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. KeyCorp reissued an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Finally, Rosenblatt Securities boosted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $187.63.

Arista Networks Trading Up 4.2%

Shares of NYSE:ANET opened at $164.22 on Tuesday. The stock has a market capitalization of $206.78 billion, a P/E ratio of 56.24, a price-to-earnings-growth ratio of 2.43 and a beta of 1.61. The stock’s 50-day moving average price is $159.55 and its 200-day moving average price is $143.05. Arista Networks, Inc. has a 12-month low of $97.14 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last issued its earnings results 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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business posted $0.65 EPS. Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current 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.