Arista Networks, Inc. $ANET Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 21.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 479,219 shares of the technology company’s stock after selling 127,261 shares during the period. Arista Networks makes up approximately 0.6% of BI Asset Management Fondsmaeglerselskab A S’s portfolio, making the stock its 29th biggest holding. BI Asset Management Fondsmaeglerselskab A S’s holdings in Arista Networks were worth $58,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Knuff & Co LLC purchased a new stake in shares of Arista Networks during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks in the 4th quarter worth $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks in the fourth quarter valued at $28,000. Finally, Quarry LP acquired a new position in Arista Networks in the third quarter valued at $33,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Bank of America boosted their target price on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Finally, TD Cowen reissued a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $187.63.

Insider Buying and Selling

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 firm’s stock in a transaction dated Tuesday, May 26th. The shares were 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. The trade was a 3.66% 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. Over the last three months, insiders have sold 2,603,747 shares of company stock valued at $423,901,619. 2.70% of the stock is owned by insiders.

Arista Networks Trading Up 0.1%

Shares of Arista Networks stock opened at $169.84 on Friday. The company has a fifty day moving average price of $158.10 and a 200 day moving average price of $141.44. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The stock has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its quarterly 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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.65 EPS. The firm’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. Analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share 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.