Assenagon Asset Management S.A. Lowers Position in Arista Networks, Inc. $ANET

Assenagon Asset Management S.A. cut its position in shares of Arista Networks, Inc. (NYSE:ANET) by 63.8% during the 1st quarter, HoldingsChannel reports. The firm owned 1,003,513 shares of the technology company’s stock after selling 1,770,427 shares during the period. Assenagon Asset Management S.A.’s holdings in Arista Networks were worth $123,211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth about $202,000. Bison Wealth LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth about $251,000. Sivia Capital Partners LLC increased its stake in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after acquiring an additional 1,000 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

Shares of ANET stock opened at $161.69 on Thursday. Arista Networks, Inc. has a one year low of $94.50 and a one year high of $179.80. The company’s 50-day moving average is $159.19 and its 200 day moving average is $142.35. The company has a market capitalization of $203.60 billion, a price-to-earnings ratio of 55.37, a price-to-earnings-growth ratio of 2.50 and a beta of 1.61.

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 analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. 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 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the transaction, the director directly owned 200,333 shares of the company’s stock, valued at approximately $33,874,306.97. This represents a 3.84% decrease in their position. The transaction was disclosed in a legal filing 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 stock in a transaction on 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. This represents 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 quarter, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several research reports. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. TD Cowen reiterated a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Citigroup dropped their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, UBS Group restated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $187.63.

Arista Networks News Roundup

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

• Positive Sentiment: Arista unveiled new 1.6-terabit networking platforms as demand for 800-gig deployments continues to build, reinforcing its position in AI and cloud data-center networking. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Analyst commentary highlighted Arista as a beneficiary of pricing power and AI networking expansion, which supports the bull case for revenue growth. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Wall Street coverage remains broadly favorable, with analysts still viewing ANET as a good investment, though this is more a sentiment check than a new catalyst. Wall Street Analysts Think Arista Networks (ANET) Is a Good Investment: Is It?
• Negative Sentiment: Insider Kenneth Duda sold shares in two reported transactions, including a sizable block sale, which can weigh on sentiment even though both were made under a pre-arranged 10b5-1 plan. SEC filing for insider sale
• Negative Sentiment: Recent trading showed ANET underperforming peers and falling sharply versus the prior session, signaling near-term momentum weakness. Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note

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.