PFG Investments LLC Grows Stock Position in Arista Networks, Inc. $ANET

PFG Investments LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 134.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,535 shares of the technology company’s stock after acquiring an additional 4,325 shares during the period. PFG Investments LLC’s holdings in Arista Networks were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.2% during the 4th 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 in the last quarter. State Street Corp increased its position in 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 worth $3,455,095,000 after acquiring an additional 477,625 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Arista Networks in the fourth quarter valued at $1,558,563,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ANET. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. 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 research note on Thursday, April 16th. Citigroup reduced their price target on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Finally, TD Cowen reiterated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $187.63.

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. The trade was a 7.59% 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 2,907,080 shares of company stock worth $474,355,842 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 5.7%

ANET traded down $9.84 during trading on Tuesday, hitting $163.44. 1,342,323 shares of the company’s stock were exchanged, compared to its average volume of 8,702,819. Arista Networks, Inc. has a 1 year low of $100.94 and a 1 year high of $179.80. The stock has a 50 day moving average price of $159.07 and a 200 day moving average price of $144.04. The firm has a market cap of $205.81 billion, a P/E ratio of 55.97, a price-to-earnings-growth ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

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.