Arista Networks, Inc. $ANET Stock Position Lifted by Swedbank AB

Key Points

• Swedbank AB boosted its Arista stake by 3.6% to 7.36M shares and, together with large holders like Vanguard and State Street, helps drive institutional ownership to about 82.47% of ANET.
• Arista topped Q1 estimates with $2.71B revenue (+35% YoY) and $0.87 EPS, reiterated Q2 EPS guidance of $0.88 and unveiled AI‑focused hardware, but shares fell after hours amid margin and guidance nuance.
• Insiders have been net sellers recently—1.5M shares worth $246.7M sold in the past 90 days (insider ownership ~3.54%), including recent sales by the CFO and a director under pre‑arranged 10b5‑1 plans.

Swedbank AB raised its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,364,990 shares of the technology company's stock after buying an additional 258,567 shares during the quarter. Arista Networks accounts for approximately 0.9% of Swedbank AB's holdings, making the stock its 18th biggest holding. Swedbank AB owned approximately 0.58% of Arista Networks worth $965,035,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company's stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares during the last quarter. State Street Corp lifted its position in Arista Networks by 0.5% during the 3rd quarter. State Street Corp now owns 46,342,551 shares of the technology company's stock worth $6,752,573,000 after buying an additional 245,976 shares in the last quarter. Invesco Ltd. lifted its position in Arista Networks by 1.8% during the 3rd quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company's stock worth $1,470,834,000 after buying an additional 181,813 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock worth $1,396,939,000 after buying an additional 4,332,659 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in Arista Networks by 2,829.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company's stock worth $833,630,000 after buying an additional 5,525,828 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Activity at Arista Networks

In other news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of Arista Networks stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $155.02, for a total transaction of $1,378,127.80. Following the completion of the sale, the chief financial officer owned 60,734 shares of the company's stock, valued at approximately $9,414,984.68. This trade represents a 12.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction on Friday, May 1st. The stock was sold at an average price of $175.40, for a total value of $1,403,200.00. Following the sale, the director directly owned 208,333 shares of the company's stock, valued at $36,541,608.20. This represents a 3.70% decrease in their position. 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 have sold 1,502,729 shares of company stock valued at $246,707,719. 3.54% of the stock is currently owned by insiders.

Arista Networks Price Performance

ANET stock opened at $170.18 on Wednesday. The company has a fifty day moving average price of $142.59 and a two-hundred day moving average price of $137.87. Arista Networks, Inc. has a one year low of $82.80 and a one year high of $179.80. The stock has a market cap of $214.29 billion, a price-to-earnings ratio of 61.66, a price-to-earnings-growth ratio of 3.03 and a beta of 1.67.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the previous year, the business posted $0.65 earnings per share. The company's revenue for the quarter 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. Research analysts anticipate that Arista Networks, Inc. will post 3.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ANET. UBS Group set a $200.00 price target on shares of Arista Networks in a research report on Tuesday, February 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Rosenblatt Securities upgraded shares of Arista Networks from a "neutral" rating to a "buy" rating and increased their price target for the company from $165.00 to $180.00 in a research report on Tuesday, April 7th. Barclays reiterated an "overweight" rating and issued a $184.00 price target (up from $183.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Zacks Research raised Arista Networks from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $178.67.

Key Arista Networks News

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

• Positive Sentiment: Q1 beat on revenue and EPS — Arista posted $2.71B revenue (+35% YoY) and $0.87 EPS, beating consensus and reinforcing strong AI/data‑center demand. Zacks: Arista Beats Q1
• Positive Sentiment: Company reiterated Q2 EPS guide slightly above street — management set Q2 EPS at $0.88, signaling continued profitability and near‑term revenue momentum. Business Wire: Q1 Results & Guidance
• Positive Sentiment: New AI hardware and optics announced — Arista unveiled AI‑focused data‑center products (liquid‑cooled pluggable XPO optics and a universal AI spine) that strengthen its positioning in high‑growth AI infrastructure. Yahoo: AI Growth Story & Product Launches
• Neutral Sentiment: Wall Street coverage and price targets — Analysts remain generally bullish (consensus PT ≈ $178.67; several buy/strong‑buy ratings), which supports medium‑term conviction but also elevates expectations. Analyst Consensus PT
• Negative Sentiment: Market reaction: after‑hours sell‑off — Despite the beat and product news, ANET fell sharply in after‑hours trading as investors appeared to take profit and reprice elevated expectations. Yahoo: Stock Down After Beats
• Negative Sentiment: Margin and guidance nuance — Reports flagged gross margin a touch below estimates and guidance that, while OK on EPS, didn’t clearly exceed revenue/margin expectations; that nuance likely triggered short‑term selling. Seeking Alpha: Margin Note
• Negative Sentiment: Insider sale disclosed — Director Charles Giancarlo sold 8,000 shares under a pre‑arranged 10b5‑1 plan; routine but can be perceived negatively by momentum traders. SEC Filing: Insider Sale

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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