Arista Networks, Inc. $ANET Shares Acquired by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its stake in Arista Networks by 9.7% in the first quarter, buying 16,456 additional shares for a total holding of 186,069 shares valued at about $22.8 million.
• Institutional ownership of ANET remains very high at 82.47%, with large holders like Vanguard, State Street, Price T Rowe, Geode, and Norges Bank also adding to or maintaining sizable positions.
• Arista Networks continues to receive bullish analyst support, with several firms raising price targets and the stock carrying a consensus “Buy” rating and average target of $187.63, despite notable insider selling by top executives and shareholders.

QRG Capital Management Inc. increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,069 shares of the technology company's stock after purchasing an additional 16,456 shares during the period. QRG Capital Management Inc.'s holdings in Arista Networks were worth $22,846,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company's stock valued at $13,258,877,000 after buying an additional 1,188,799 shares during the last quarter. State Street Corp boosted its stake in shares of 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of Arista Networks by 1.8% during 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 buying an additional 477,625 shares during the last quarter. Finally, Norges Bank acquired a new position in Arista Networks in the 4th quarter valued at about $1,558,563,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANET has been the topic of several analyst reports. Truist Financial set a $175.00 target price on Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities upped their price target on Arista Networks from $180.00 to $210.00 and gave the stock a "buy" rating in a research note on Wednesday, May 6th. Barclays reaffirmed an "overweight" rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a "buy" rating in a research report on Wednesday, June 10th. Finally, UBS Group reissued a "buy" rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $187.63.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the transaction, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm's stock in a transaction 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 approximately $924,321,690.08. This trade represents a 7.59% decrease in their position. 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 2,639,080 shares of company stock valued at $430,322,162 in the last quarter. 2.70% of the stock is currently owned by company insiders.

Arista Networks Trading Up 0.2%

Shares of ANET opened at $160.38 on Friday. The stock's 50 day moving average is $159.07 and its two-hundred day moving average is $143.91. Arista Networks, Inc. has a twelve month low of $100.33 and a twelve month high of $179.80. The firm has a market capitalization of $201.95 billion, a PE ratio of 54.93, a P/E/G ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping 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 business 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 posted $0.65 EPS. The company'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 3.27 EPS for the current year.

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.

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