IFM Investors Pty Ltd Boosts Stake in Arista Networks, Inc. $ANET

IFM Investors Pty Ltd increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,962 shares of the technology company’s stock after acquiring an additional 9,118 shares during the period. IFM Investors Pty Ltd’s holdings in Arista Networks were worth $27,498,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the 4th quarter worth $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks in the 4th quarter valued at about $28,000. Knuff & Co LLC purchased a new stake in Arista Networks during the third quarter worth about $29,000. Finally, Ameliora Wealth Management Ltd. acquired a new position in Arista Networks during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ANET shares. Rosenblatt Securities increased their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. TD Cowen restated a “buy” rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Two research 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $187.63.

Insider Activity

In related news, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the sale, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,537,531.68. This trade represents a 58.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the sale, the director owned 200,333 shares of the company’s stock, valued at approximately $33,874,306.97. This represents a 3.84% 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. Insiders have sold 2,639,080 shares of company stock worth $430,322,162 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Price Performance

Shares of NYSE ANET opened at $170.20 on Wednesday. The firm’s 50-day moving average is $159.67 and its two-hundred day moving average is $143.32. The company has a market capitalization of $214.31 billion, a PE ratio of 58.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.61. Arista Networks, Inc. has a 12-month low of $97.14 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company posted $0.65 EPS. The company’s 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, analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.