Arista Networks, Inc. $ANET Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,069 shares of the technology company’s stock after acquiring an additional 16,456 shares during the quarter. QRG Capital Management Inc.’s holdings in Arista Networks were worth $22,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ANET. Burford Brothers Inc. grew its holdings in Arista Networks by 13.3% in the first quarter. Burford Brothers Inc. now owns 3,831 shares of the technology company’s stock valued at $470,000 after purchasing an additional 451 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Arista Networks by 21.3% during the 1st quarter. HB Wealth Management LLC now owns 42,405 shares of the technology company’s stock worth $5,207,000 after buying an additional 7,454 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Arista Networks during the 1st quarter worth $552,000. Leelyn Smith LLC boosted its position in shares of Arista Networks by 0.3% in the 1st quarter. Leelyn Smith LLC now owns 26,998 shares of the technology company’s stock worth $3,315,000 after buying an additional 85 shares in the last quarter. Finally, PFG Investments LLC boosted its position in shares of Arista Networks by 134.7% in the 1st quarter. PFG Investments LLC now owns 7,535 shares of the technology company’s stock worth $925,000 after buying an additional 4,325 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was 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 in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. 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. In the last three months, insiders have sold 2,639,080 shares of company stock worth $430,322,162. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE ANET opened at $160.38 on Friday. The company has a 50-day simple moving average of $159.07 and a 200-day simple moving average of $143.91. The company has a market cap of $201.95 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $100.33 and a 12 month high of $179.80.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue 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. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ANET shares. Morgan Stanley reissued an “overweight” rating and issued a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Bank of America upped their price target on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 8th. UBS Group reiterated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus target price of $187.63.

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.