Harmony Asset Management LLC Has $2.45 Million Stake in Arista Networks, Inc. $ANET

Harmony Asset Management LLC reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 13.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,945 shares of the technology company’s stock after selling 3,198 shares during the quarter. Harmony Asset Management LLC’s holdings in Arista Networks were worth $2,449,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ANET. Board of the Pension Protection Fund bought a new position in Arista Networks in the 4th quarter valued at $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the fourth quarter worth $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Arista Networks during the fourth quarter worth $30,000. Finally, Hilton Head Capital Partners LLC lifted its stake in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET opened at $171.78 on Thursday. The stock has a 50 day simple moving average of $160.69 and a 200 day simple moving average of $146.85. Arista Networks, Inc. has a 52-week low of $104.68 and a 52-week high of $189.82. The firm has a market capitalization of $216.30 billion, a PE ratio of 58.83, a P/E/G ratio of 2.81 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista was upgraded by Erste Group Bank AG from hold to buy, adding to the bullish analyst backdrop around the stock. Finviz
• Positive Sentiment: Recent coverage continues to position ANET as an AI networking winner, citing strong demand for data-center networking gear, healthy order backlogs, and long-term growth tied to AI infrastructure spending. UBS sees data center investments to drive demand but supply constraints persist
• Positive Sentiment: Arista is also being highlighted in lists of leading AI picks and infrastructure stocks, reinforcing investor confidence in its role in the AI buildout. Arista, Seagate and Astera Lead AI Picks
• Positive Sentiment: Technical commentary says the stock has been looking strong and setting new all-time highs, which can attract momentum buyers. Arista Networks stock looks technically strong as it sets new all-time highs
• Neutral Sentiment: Investors are also waiting for Arista’s Q2 2026 earnings report, with expectations centered on whether AI demand and revenue guidance stay strong. What to expect from Arista Networks’ Q2 2026 earnings report
• Neutral Sentiment: CEO Jayshree Ullal sold more than 234,000 shares in a pre-arranged 10b5-1 plan; the sale is routine, but large insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Some commentary notes supply-chain constraints could limit how quickly Arista converts strong AI orders into revenue, creating a potential near-term headwind. Arista Networks (ANET) Is Up 9.7% After Boosting 2024 Revenue Outlook On Surging AI Demand

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday. Wolfe Research reissued an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a report on Wednesday, June 10th. Truist Financial set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Finally, TD Cowen reiterated a “buy” rating and set a $210.00 price target (up from $200.00) on shares of Arista Networks in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $188.16.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,224,345.92. The trade was a 57.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 234,578 shares of the company’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $187.18, for a total transaction of $43,908,310.04. Following the sale, the chief executive officer directly owned 5,134,207 shares in the company, valued at $961,020,866.26. This trade represents a 4.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,150,983 shares of company stock worth $528,633,630. Insiders own 2.70% of the company’s stock.

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.