ABC Arbitrage SA Takes $346,000 Position in Arista Networks, Inc. $ANET

ABC Arbitrage SA purchased a new position in Arista Networks, Inc. (NYSE:ANET) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,815 shares of the technology company’s stock, valued at approximately $346,000.

Several other large investors have also recently made changes to their positions in ANET. Calamos Wealth Management LLC lifted its position in Arista Networks by 527.2% in the first quarter. Calamos Wealth Management LLC now owns 124,611 shares of the technology company’s stock valued at $15,300,000 after purchasing an additional 104,744 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of Arista Networks by 216.9% during the first quarter. Calamos Advisors LLC now owns 526,164 shares of the technology company’s stock valued at $64,602,000 after buying an additional 360,116 shares during the period. Retirement Planning Group LLC purchased a new position in shares of Arista Networks during the first quarter valued at approximately $664,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Arista Networks by 0.3% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 41,579 shares of the technology company’s stock valued at $5,105,000 after acquiring an additional 105 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in Arista Networks by 9.4% in the first quarter. Bleakley Financial Group LLC now owns 28,513 shares of the technology company’s stock worth $3,501,000 after buying an additional 2,450 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Trading Up 0.6%

Arista Networks stock opened at $182.18 on Wednesday. The firm has a 50-day moving average price of $160.20 and a 200-day moving average price of $146.56. Arista Networks, Inc. has a 12-month low of $104.68 and a 12-month high of $189.82. The firm has a market capitalization of $229.41 billion, a PE ratio of 62.39, a price-to-earnings-growth ratio of 2.79 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping 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 business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter 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, sell-side analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following 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 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 sold 3,500,983 shares of company stock worth $584,395,630 in the last quarter. 2.70% of the stock is owned by insiders.

Key Arista Networks News

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

• Positive Sentiment: Market and analyst commentary continue to frame Arista as a key AI infrastructure winner, citing strong demand for data-center networking, healthy order backlogs, and expectations that AI spending will keep driving growth. UBS sees data center investments to drive demand but supply constraints persist
• Positive Sentiment: Arista was highlighted as a “high-growth wide-moat” name and included among infrastructure stocks tackling AI bottlenecks, reinforcing confidence in its long-term competitive position and upside potential. Beyond the Foundry: 5 Infrastructure Stocks Tackling the AI Bottlenecks
• Positive Sentiment: Recent technical commentary says ANET is looking strong and has been setting new all-time highs, which can attract momentum-focused buyers. Arista Networks stock looks technically strong as it sets new all-time highs
• Neutral Sentiment: CEO Jayshree Ullal sold 242,422 shares in a pre-arranged Rule 10b5-1 plan. The sale was disclosed normally and does not necessarily signal a change in fundamentals, but large insider sales can still temper sentiment. SEC filing
• Neutral Sentiment: Some recent commentary notes that another enterprise AI stock may have more near-term upside because of its lower valuation, which could modestly cap enthusiasm for ANET. Workday vs. Arista: Which enterprise AI stock has more upside now?
• Negative Sentiment: A recent note said ANET underperformed the broader market in the prior session, reminding investors that the stock can see short-term volatility even with strong longer-term fundamentals. Arista Networks suffers a larger drop than the general market

Analysts Set New Price Targets

ANET has been the subject of a number of analyst reports. Bank of America raised their target price on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a report on Friday, May 15th. UBS Group reaffirmed a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. TD Cowen reaffirmed a “buy” rating and set a $210.00 price target (up from $200.00) on shares of Arista Networks in a report on Monday. Finally, KeyCorp restated an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $188.16.

Arista Networks 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.