BLI Banque de Luxembourg Investments Sells 30,612 Shares of Arista Networks, Inc. $ANET

BLI Banque de Luxembourg Investments decreased its stake in Arista Networks, Inc. (NYSE:ANET) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,448 shares of the technology company’s stock after selling 30,612 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Arista Networks were worth $21,785,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Board of the Pension Protection Fund bought a new position in shares of Arista Networks in the 4th quarter worth $26,000. Knuff & Co LLC purchased a new stake in shares of Arista Networks in the 3rd quarter worth about $29,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Arista Networks in the 4th quarter worth about $30,000. Quarry LP purchased a new stake in shares of Arista Networks in the 3rd quarter worth about $33,000. Finally, Ares Financial Consulting LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth about $34,000. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

ANET stock opened at $156.32 on Tuesday. Arista Networks, Inc. has a one year low of $85.58 and a one year high of $179.80. The company’s fifty day moving average price is $151.65 and its 200-day moving average price is $139.13. The company has a market capitalization of $196.83 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’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. On average, research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ANET shares. Rosenblatt Securities lifted their price target on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Barclays restated an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $186.47.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction on 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 sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the business’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00. Following the transaction, the insider owned 331,848 shares in the company, valued at $54,111,134.88. This trade represents a 41.97% 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. Insiders have sold a total of 2,183,142 shares of company stock valued at $354,076,343 in the last three months. Corporate insiders own 2.70% of the company’s stock.

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.