AXQ Capital LP Purchases 4,055 Shares of Arista Networks, Inc. $ANET

AXQ Capital LP increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 31.3% during the fourth quarter, HoldingsChannel reports. The fund owned 17,002 shares of the technology company’s stock after buying an additional 4,055 shares during the quarter. Arista Networks comprises about 0.5% of AXQ Capital LP’s portfolio, making the stock its 19th largest holding. AXQ Capital LP’s holdings in Arista Networks were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Lighthouse Financial Services Inc. ADV acquired a new position in shares of Arista Networks in the 4th quarter valued at about $1,549,000. QRG Capital Management Inc. lifted its stake in shares of Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares during the period. Bensler LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at about $6,350,000. BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Arista Networks by 38.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock valued at $96,480,000 after purchasing an additional 183,515 shares during the period. Finally, Jefferies Financial Group Inc. lifted its stake in shares of Arista Networks by 59.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after purchasing an additional 6,591 shares during the period. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ANET. TD Cowen reissued a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $180.00 price target on shares of Arista Networks in a research note on Friday, May 1st. KeyCorp reaffirmed an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Rosenblatt Securities upped their price target on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Arista Networks presently has an average rating of “Buy” and an average target price of $185.72.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the sale, the insider owned 182,803,048 shares in the company, valued at $28,674,486,109.28. This represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total value of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares in the company, valued at approximately $10,112,056. This represents a 3.66% 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. Over the last ninety days, insiders sold 1,935,142 shares of company stock valued at $313,589,223. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Up 7.2%

ANET stock opened at $170.91 on Tuesday. The firm has a market cap of $215.20 billion, a PE ratio of 58.53, a P/E/G ratio of 2.46 and a beta of 1.67. The business has a 50 day moving average of $148.22 and a 200-day moving average of $137.86. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last released its 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 company had revenue of $2.71 billion during 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 quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

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.