Amundi Raises Stake in Arista Networks, Inc. $ANET

Amundi boosted its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,064,443 shares of the technology company's stock after acquiring an additional 491,173 shares during the period. Amundi owned about 0.72% of Arista Networks worth $1,112,932,000 as of its most recent SEC filing.

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

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 234,578 shares of the business's stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $187.18, for a total transaction of $43,908,310.04. Following the sale, the chief executive officer owned 5,134,207 shares of the company's stock, valued at approximately $961,020,866.26. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Kenneth Duda sold 26,000 shares of the company's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the transaction, the insider owned 462,400 shares in the company, valued at $78,843,824. The trade was a 5.32% 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 have sold 2,308,316 shares of company stock worth $383,563,775 over the last three months. 2.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities lifted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Morgan Stanley reissued an "overweight" rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Barclays reissued an "overweight" rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Finally, Raymond James Financial upgraded Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $189.74.

Key Arista Networks News

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

• Positive Sentiment: Analysts remain constructive ahead of Arista’s quarterly report, expected in early August. Positive earnings-estimate revisions, a favorable Zacks Rank and expectations for an earnings beat have increased optimism about the company’s outlook. Arista Networks on rising earnings optimism
• Positive Sentiment: Strong results from optical, cloud-connectivity and AI-exposed peers—including Corning, Sanmina and Celestica—provide favorable evidence of continued data-center and AI infrastructure spending, a key demand driver for Arista’s networking products. Corning beats second-quarter estimates
• Neutral Sentiment: A comparison with Advanced Micro Devices suggests Arista may offer stronger profitability and a more attractive relative valuation, although the article still characterizes Arista as expensive and highlights its reliance on a concentrated customer base as an important risk. AMD versus Arista Networks comparison
• Neutral Sentiment: Arista recently underperformed some technology competitors, indicating that investors may be taking a more selective approach despite the broader AI infrastructure theme. Arista Networks underperforms competitors
• Negative Sentiment: Director Kenneth Duda disclosed two sales totaling 43,333 shares at approximately $170.51 per share. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing the immediate signal of discretionary selling, but the sales can still weigh on sentiment.
• Negative Sentiment: With Arista trading at a high earnings multiple, investors may demand another strong earnings beat and upbeat guidance. Any disappointment or evidence of customer-concentration risk could prompt profit-taking after the stock’s recent gains.

Arista Networks Stock Down 0.8%

Shares of Arista Networks stock opened at $169.47 on Wednesday. The firm has a market cap of $213.40 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 2.62 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $189.82. The company's 50-day simple moving average is $166.08 and its 200-day simple moving average is $149.32.

Arista Networks (NYSE:ANET - Get Free Report) last released its 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. 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 quarter in the previous year, the firm posted $0.65 EPS. The firm'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. Equities research analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current 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.

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