Alcosta Capital Management Inc. Cuts Stock Position in Arista Networks, Inc. $ANET

Alcosta Capital Management Inc. trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET) by 39.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 34,372 shares of the technology company’s stock after selling 22,667 shares during the quarter. Arista Networks accounts for 2.8% of Alcosta Capital Management Inc.’s investment portfolio, making the stock its 16th largest holding. Alcosta Capital Management Inc.’s holdings in Arista Networks were worth $4,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Arista Networks during the fourth quarter valued at about $1,549,000. Bensler LLC purchased a new stake in shares of Arista Networks during the 4th quarter worth about $6,350,000. QRG Capital Management Inc. raised its position in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after acquiring an additional 10,217 shares during the period. Jefferies Financial Group Inc. lifted its position in shares of Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after acquiring an additional 6,591 shares in the last quarter. Finally, Reaves W H & Co. Inc. purchased a new position in Arista Networks in the 4th quarter worth approximately $3,058,000. Institutional investors own 82.47% of the company’s stock.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: An analyst raised Arista Networks’ price target, helping fuel the stock’s recent climb and reinforcing optimism around the company’s outlook. Why Arista Networks Stock Flew More Than 4% Higher on Friday
• Positive Sentiment: Arista rolled out its 7060XE7 Series Ethernet platforms, with faster speeds and up to 100 Tbps switching capacity, which could support rising AI infrastructure spending and strengthen future demand. Can Arista’s Advanced Networking Platform Meet the Growing AI Demand?
• Positive Sentiment: Erste Group Bank boosted its FY2027 EPS estimate for Arista to $4.00 from $3.95, signaling improved long-term earnings expectations. MarketBeat Arista Networks article
• Neutral Sentiment: Broader market volatility tied to AI spending concerns, interest rates, and economic growth may be influencing trading across tech stocks, including Arista. The Stock Market Is Getting Volatile—Finally. What to Put on Your Buy List.
• Neutral Sentiment: A report noted that Arista co-founder Andreas Bechtolsheim sold 220,000 shares, which can draw attention but does not by itself confirm a change in the business outlook. Andreas Bechtolsheim Sells 220,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks Stock Up 4.5%

ANET opened at $163.38 on Friday. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80. The firm has a market cap of $205.73 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61. The company’s 50-day moving average price is $154.43 and its 200 day moving average price is $139.99.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The company 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%.The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ANET shares. Citigroup cut their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. KeyCorp reissued an “overweight” rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus target price of $186.47.

Insider Activity

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the completion of the sale, the director directly owned 200,333 shares of the company’s stock, valued at $33,874,306.97. This represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the completion of the sale, the insider directly owned 111,848 shares in the company, valued at approximately $17,664,154.64. The trade was a 66.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 2,403,142 shares of company stock valued at $388,820,943. 2.70% of the stock is currently owned by company insiders.

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.