Arista Networks, Inc. $ANET Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Arista Networks stake by 4.9% in the first quarter, selling 119,393 shares and leaving it with 2.32 million shares worth about $285.5 million.
• Insider selling has been notable, with CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim both selling shares under pre-arranged 10b5-1 plans; insiders sold 3.15 million shares worth $513.4 million over the last 90 days.
• Wall Street remains bullish on Arista Networks, with a consensus Buy rating and an average price target of $187.63, supported by strong recent earnings that beat expectations and revenue growth of 35.1% year over year.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,324,992 shares of the technology company's stock after selling 119,393 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of Arista Networks worth $285,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ANET. Vanguard Group Inc. raised its stake in 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 acquiring an additional 1,188,799 shares during the period. State Street Corp boosted its stake in Arista Networks by 1.4% in the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company's stock valued at $6,154,570,000 after acquiring an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Arista Networks by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company's stock valued at $4,870,618,000 after acquiring an additional 380,724 shares during the period. 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 valued at $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Arista Networks during the fourth quarter valued at approximately $1,558,563,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the business's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction that occurred 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 $30,223,652,457.36. This represents a 0.14% 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. In the last ninety days, insiders have sold 3,147,080 shares of company stock worth $513,396,642. Company insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ANET. Wolfe Research reissued an "outperform" rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. JPMorgan Chase & Co. upped their price objective on Arista Networks from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Thursday, April 16th. Weiss Ratings lowered Arista Networks from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, June 15th. Citigroup cut their target price on Arista Networks from $176.00 to $173.00 and set a "buy" rating on the stock in a research note on Wednesday, May 6th. Finally, Truist Financial set a $175.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $187.63.

Arista Networks Price Performance

Shares of ANET opened at $180.93 on Thursday. The firm's 50 day moving average is $159.03 and its 200-day moving average is $145.07. Arista Networks, Inc. has a 12-month low of $102.68 and a 12-month high of $181.27. The stock has a market capitalization of $227.83 billion, a P/E ratio of 61.96, a P/E/G ratio of 2.57 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 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 earnings per share. Arista Networks's revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Recent commentary says Arista is benefiting from the AI network buildout, with strong demand for its high-speed switching and routing products as cloud and data center operators expand AI capacity. Arista Networks NYSE: ANET AI Momentum Boosts Market Focus
• Positive Sentiment: ANET was also described as reaching a new high amid AI momentum, reinforcing the idea that investors are rotating into AI infrastructure winners. Arista Networks NYSE: ANET Reaches New High Amid AI Momentum
• Positive Sentiment: Unusually heavy call-option buying suggests traders are positioning for more upside, which can add momentum to the stock.
• Positive Sentiment: Analysts remain constructive, with a recent bullish note calling Arista expensive but still worth it and highlighting AI fabrics, 800G switching, campus expansion, and software/services as growth drivers. Arista Networks Is Expensive, But Still Worth It
• Neutral Sentiment: The company confirmed it will report second-quarter 2026 results on August 4, keeping investors focused on the next earnings catalyst. Arista Networks to Announce Q2 2026 Financial Results on Tuesday, August 4, 2026
• Neutral Sentiment: Wall Street sentiment remains broadly positive overall, with a consensus Buy rating and price targets still above recent trading levels.
• Negative Sentiment: Recent insider sales by major shareholder Andreas Bechtolsheim and Director Charles Giancarlo may slightly pressure sentiment, even though the trades were filed as part of pre-arranged 10b5-1 plans. Arista Networks NYSE: ANET Major Shareholder Sells 240,000 Shares
• Negative Sentiment: One market note also said ANET dipped more than the broader market in the latest session, suggesting some profit-taking after a strong run. Why Arista Networks (ANET) Dipped More Than Broader Market Today

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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