Arista Networks, Inc. $ANET Position Boosted by Swiss National Bank

Key Points

• Swiss National Bank increased its stake in Arista Networks by 7.3% in the first quarter, bringing its holdings to 3.14 million shares valued at about $385.7 million. Institutional ownership remains very high at roughly 82.5% of the stock.
• Arista delivered strong quarterly results, reporting EPS of $0.87 versus $0.81 expected and revenue of $2.71 billion, up 35.1% year over year. The company also issued Q2 2026 EPS guidance of 0.88.
• Analysts remain broadly bullish on ANET, with multiple recent upgrades and a consensus rating of “Buy” and average target price of $188.95. However, insider selling was notable, including CEO Jayshree Ullal’s sale of 428,000 shares and other large insider transactions last quarter.

Swiss National Bank lifted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,141,300 shares of the technology company's stock after purchasing an additional 213,700 shares during the period. Swiss National Bank owned about 0.25% of Arista Networks worth $385,689,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its position in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the 4th quarter worth $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter worth $251,000. Sivia Capital Partners LLC grew its holdings in shares of Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company's stock worth $1,097,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company's stock worth $429,000 after purchasing an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Trading Up 0.0%

Shares of ANET stock opened at $168.60 on Friday. The company has a market capitalization of $212.30 billion, a price-to-earnings ratio of 57.74, a P/E/G ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a 1-year low of $106.99 and a 1-year high of $189.82. The stock's fifty day simple moving average is $161.75 and its 200-day simple moving average is $147.25.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business earned $0.65 EPS. The business's revenue for the quarter 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, sell-side analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current year.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The shares were 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. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 that occurred on 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 sale, the insider owned 182,543,048 shares of the company's stock, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,092,983 shares of company stock worth $519,161,650 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ANET. Raymond James Financial raised Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 target price for the company in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a "buy" rating in a report on Wednesday, June 10th. Rosenblatt Securities raised their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and set a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Arista Networks has a consensus rating of "Buy" and a consensus target price of $188.95.

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.

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