AIA Group Ltd Has $13.37 Million Stock Position in Arista Networks, Inc. $ANET

AIA Group Ltd lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,902 shares of the technology company’s stock after acquiring an additional 21,067 shares during the quarter. AIA Group Ltd’s holdings in Arista Networks were worth $13,371,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the period. State Street Corp raised its stake in shares of Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after buying an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock valued at $3,455,095,000 after buying an additional 477,625 shares during the period. Finally, Norges Bank acquired a new position in Arista Networks in the fourth quarter valued at approximately $1,558,563,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. TD Cowen reissued a “buy” rating and issued a $210.00 price target (up from $200.00) on shares of Arista Networks in a research note on Monday, July 13th. Truist Financial set a $175.00 price target on Arista Networks in a research report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $188.95.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the sale, the director directly owned 192,333 shares in the company, valued at $32,131,150.98. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the completion of the transaction, the insider directly owned 182,043,048 shares of the company’s stock, valued at approximately $29,612,942,618.16. The trade was a 0.13% 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. Insiders sold 3,092,983 shares of company stock worth $519,161,650 over the last three months. 2.70% of the stock is currently owned by insiders.

Arista Networks Trading Up 0.0%

ANET stock opened at $168.60 on Friday. The business’s 50-day moving average price is $161.75 and its two-hundred day moving average price is $147.25. The firm has a market cap of $212.30 billion, a PE ratio of 57.74, a P/E/G ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a 1-year low of $106.99 and a 1-year high of $189.82.

Arista Networks (NYSE:ANET) last posted 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. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

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.