Arista Networks, Inc. $ANET Shares Sold by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd cut its Arista Networks stake by 30.2% in the fourth quarter, selling 109,827 shares and leaving it with 254,105 shares valued at about $33.3 million.
• Arista continues to draw strong analyst support, with several firms raising price targets and the stock holding a consensus Buy rating and average target price of $185.95.
• The company reported strong recent results, including Q1 EPS of $0.87 versus $0.81 expected and revenue of $2.71 billion, while management guided Q2 EPS to $0.88.

UniSuper Management Pty Ltd decreased its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 30.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,105 shares of the technology company's stock after selling 109,827 shares during the quarter. UniSuper Management Pty Ltd's holdings in Arista Networks were worth $33,295,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lighthouse Financial Services Inc. ADV acquired a new position in Arista Networks during the fourth quarter worth about $1,549,000. Bensler LLC acquired a new position in Arista Networks during the fourth quarter worth about $6,350,000. QRG Capital Management Inc. boosted its position in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company's stock worth $22,224,000 after acquiring an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. boosted its position in Arista Networks by 59.8% during the fourth 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 during the last quarter. Finally, Reaves W H & Co. Inc. acquired a new position in Arista Networks during the fourth quarter worth about $3,058,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Arista’s rollout of its 7060XE7 Series 1.6T networking platforms supports the AI growth story, as the products are designed for rack-scale AI infrastructure and higher-capacity data-center networking. Article Title
• Positive Sentiment: Erste Group Bank raised its FY2027 earnings estimate for Arista Networks, adding to signs that Wall Street expects continued earnings growth. Article Title
• Neutral Sentiment: Broader market volatility tied to AI spending, interest rates, and growth concerns may be increasing attention on AI infrastructure names like ANET, but it is not a company-specific catalyst. Article Title
• Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under a pre-arranged 10b5-1 plan. Article Title

Wall Street Analyst Weigh In

ANET has been the topic of a number of analyst reports. Weiss Ratings raised shares of Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a research note on Friday, May 15th. Bank of America lifted their target price on shares of Arista Networks from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday. Piper Sandler reaffirmed an "overweight" rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Evercore reaffirmed an "outperform" rating and set a $200.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $185.00 target price 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 issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $185.95.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 13,809 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer directly owned 9,917 shares of the company's stock, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the business's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00. Following the completion of the sale, the insider directly owned 111,848 shares in the company, valued at $17,664,154.64. This trade represents a 66.30% 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. In the last ninety days, insiders sold 2,403,142 shares of company stock worth $388,820,943. Insiders own 2.70% of the company's stock.

Arista Networks Price Performance

Shares of ANET stock opened at $156.46 on Friday. The firm's 50-day moving average is $153.66 and its two-hundred day moving average is $139.83. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The company has a market capitalization of $197.01 billion, a PE ratio of 53.58, a price-to-earnings-growth ratio of 2.34 and a beta of 1.61.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business's revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts forecast 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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