Assenagon Asset Management S.A. Has $351.93 Million Holdings in Arista Networks, Inc. $ANET

Key Points

• Assenagon Asset Management more than doubled its Arista Networks stake in the second quarter, adding 1.07 million shares to hold 2.07 million shares valued at approximately $351.9 million. Institutional investors and hedge funds collectively own 82.47% of ANET.
• Arista delivered strong quarterly results: EPS reached $1.02 versus the $0.89 consensus, while revenue rose 37.7% year over year to $3.04 billion. The company guided for third-quarter EPS of $1.06–$1.08, supported by continued AI-related data-center demand.
• Analysts remain bullish, but valuation and insider selling are risks. ANET has a consensus “Buy” rating and a $226.05 price target, while shares trade at a high P/E of 60.72; insiders sold approximately $383.6 million of stock over the past three months.

Assenagon Asset Management S.A. raised its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 106.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,071,661 shares of the technology company's stock after purchasing an additional 1,068,148 shares during the period. Assenagon Asset Management S.A. owned approximately 0.16% of Arista Networks worth $351,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANET. Westmount Partners LLC bought a new position in shares of Arista Networks during the 2nd quarter worth about $201,000. 55 North Private Wealth LLC lifted its stake in shares of Arista Networks by 8.4% in the second quarter. 55 North Private Wealth LLC now owns 2,201 shares of the technology company's stock valued at $374,000 after buying an additional 170 shares during the period. Byrne Asset Management LLC bought a new stake in shares of Arista Networks in the second quarter valued at about $63,000. 180 Wealth Advisors LLC grew its position in Arista Networks by 5.3% during the second quarter. 180 Wealth Advisors LLC now owns 16,733 shares of the technology company's stock worth $2,843,000 after buying an additional 842 shares in the last quarter. Finally, Foster Group Inc. grew its position in Arista Networks by 81.0% during the second quarter. Foster Group Inc. now owns 3,737 shares of the technology company's stock worth $635,000 after buying an additional 1,672 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kenneth Duda sold 26,000 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider owned 462,400 shares of the company's stock, valued at approximately $78,843,824. This trade represents a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the business's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total value of $39,040,800.00. Following the completion of the transaction, the insider directly owned 182,043,048 shares in the company, valued at $29,612,942,618.16. The trade was a 0.13% 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 2,308,316 shares of company stock valued at $383,608,735 over the last three months. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ANET has been the topic of several research reports. KeyCorp restated an "overweight" rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Arista Networks from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. TD Cowen lifted their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday. Bank of America restated a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday. Finally, Jefferies Financial Group set a $250.00 target price on Arista Networks in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $226.05.

Arista Networks Price Performance

Arista Networks stock opened at $192.47 on Friday. The firm has a market capitalization of $242.36 billion, a P/E ratio of 60.72, a P/E/G ratio of 3.03 and a beta of 1.60. The stock has a fifty day moving average price of $170.30 and a two-hundred day moving average price of $152.07. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the company earned $0.73 EPS. The firm's revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Record earnings beat expectations: Arista reported second-quarter adjusted EPS of $1.02, above the $0.89 consensus estimate, while revenue increased 37.7% year over year to $3.04 billion, exceeding the $2.83 billion forecast. It was the company’s first quarter with revenue above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and cloud customers continue expanding data-center infrastructure for artificial intelligence, supporting demand for Arista’s switching and routing products. The company also introduced 1.6-terabit platforms aimed at high-performance AI workloads. Why Arista Networks Stock Rallied Today
• Positive Sentiment: Guidance and analyst support improved: Arista projected roughly $3.3 billion of third-quarter revenue and $1.06–$1.08 of EPS, while raising its 2026 revenue outlook to $12.6 billion as supply availability improves. Rosenblatt reiterated a Buy rating and raised its target to $280; TD Cowen, Piper Sandler and Truist also increased targets. Arista projects $12.6 billion 2026 revenue
• Neutral Sentiment: Insider selling: Director Charles Giancarlo sold 8,000 shares worth approximately $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, reducing the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation and margin concerns: Following a major AI-related rally, ANET trades at an elevated earnings multiple. Gross margin declined to 63.4% from 65.6% a year earlier, and investors remain sensitive to any slowdown in AI spending, supply constraints or signs that growth expectations are excessive.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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