Prudential PLC Lowers Stock Holdings in Arista Networks, Inc. $ANET

Prudential PLC reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 7.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 175,869 shares of the technology company’s stock after selling 15,000 shares during the period. Prudential PLC’s holdings in Arista Networks were worth $23,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after buying an additional 1,188,799 shares during the period. State Street Corp boosted its holdings in Arista Networks by 0.5% in the third quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after purchasing an additional 245,976 shares during the period. Geode Capital Management LLC boosted 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 purchasing an additional 477,625 shares during the period. Norges Bank purchased a new position in Arista Networks in the fourth quarter valued at $1,558,563,000. Finally, Invesco Ltd. boosted its holdings in Arista Networks by 1.8% in the third quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company’s stock valued at $1,470,834,000 after purchasing an additional 181,813 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the sale, the insider directly owned 182,803,048 shares in the company, valued at $28,674,486,109.28. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s 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 owned 200,333 shares in the company, valued at approximately $33,874,306.97. This represents a 3.84% 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 1,943,142 shares of company stock valued at $314,941,943 over the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

Arista Networks stock opened at $166.31 on Friday. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80. The stock has a market cap of $209.42 billion, a PE ratio of 56.96, a P/E/G ratio of 2.69 and a beta of 1.61. The stock’s fifty day moving average is $150.59 and its two-hundred day moving average is $138.71.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating 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 company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.65 earnings per share. Arista Networks’s quarterly 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. On average, research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ANET shares. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. JPMorgan Chase & Co. lifted their target price on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. KeyCorp reiterated an “overweight” rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Piper Sandler reiterated 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, Wells Fargo & Company lifted their target price on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus price target of $185.72.

Arista Networks Company 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.