Intech Investment Management LLC Increases Stake in Arista Networks, Inc. $ANET

Key Points

• Intech Investment Management LLC boosted its stake in Arista Networks by 68.7% in the fourth quarter, bringing its holdings to 153,280 shares valued at about $20.1 million.
• Analysts remain broadly bullish on Arista Networks, with multiple firms raising or reaffirming price targets. The stock carries a consensus Buy rating and an average target price of $185.72.
• Arista posted strong quarterly results, beating earnings and revenue estimates with $0.87 EPS on $2.71 billion in revenue, while revenue rose 35.1% year over year.

Intech Investment Management LLC raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 68.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 153,280 shares of the technology company's stock after purchasing an additional 62,429 shares during the quarter. Intech Investment Management LLC's holdings in Arista Networks were worth $20,084,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Lighthouse Financial Services Inc. ADV purchased a new position in Arista Networks in the 4th quarter worth approximately $1,549,000. Bensler LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at $6,350,000. QRG Capital Management Inc. lifted its holdings in shares of Arista Networks by 6.4% during the 4th 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. BI Asset Management Fondsmaeglerselskab A S grew its position in Arista Networks by 38.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company's stock worth $96,480,000 after acquiring an additional 183,515 shares in the last quarter. Finally, Czech National Bank increased its stake in Arista Networks by 4.0% in the fourth quarter. Czech National Bank now owns 272,284 shares of the technology company's stock valued at $35,677,000 after acquiring an additional 10,525 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ANET. Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a "buy" rating and set a $185.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Evercore reissued an "outperform" rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $180.00 target price on shares of Arista Networks in a research note on Friday, May 1st. Finally, Piper Sandler reiterated an "overweight" rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of "Buy" and an average target price of $185.72.

Arista Networks Price Performance

ANET opened at $155.21 on Friday. The stock's 50 day simple moving average is $147.06 and its 200 day simple moving average is $137.46. The firm has a market cap of $195.44 billion, a price-to-earnings ratio of 53.15, a PEG ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share 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 firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current year.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the completion of the sale, the insider owned 182,803,048 shares of the company's stock, valued at $28,674,486,109.28. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares in the company, valued at approximately $1,537,531.68. This trade represents a 58.20% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,943,142 shares of company stock worth $314,618,583 over the last ninety days. Insiders own 2.70% of the company's stock.

About Arista Networks

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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