Northeast Investment Management Acquires 10,477 Shares of Arista Networks, Inc. $ANET

Key Points

• Northeast Investment Management increased its stake in Arista Networks by 216% in the fourth quarter, buying 10,477 additional shares and lifting its total holdings to 15,327 shares worth about $2.0 million.
• Several other major institutional investors also added to their positions, and 82.47% of Arista’s stock is owned by institutions, underscoring strong professional ownership of the company.
• Arista Networks reported better-than-expected Q1 results, with EPS of $0.87 on revenue of $2.71 billion, and analysts remain broadly bullish with a consensus Buy rating and average price target of $182.83.

Northeast Investment Management boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 216.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,327 shares of the technology company's stock after buying an additional 10,477 shares during the quarter. Northeast Investment Management's holdings in Arista Networks were worth $2,008,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $13,258,877,000 after buying an additional 1,188,799 shares during the period. State Street Corp grew its position in Arista Networks by 0.5% during the third quarter. State Street Corp now owns 46,342,551 shares of the technology company's stock valued at $6,752,573,000 after buying an additional 245,976 shares during the period. Invesco Ltd. grew its position in Arista Networks by 1.8% during the third quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company's stock valued at $1,470,834,000 after buying an additional 181,813 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock valued at $1,396,939,000 after buying an additional 4,332,659 shares during the period. Finally, Swedbank AB boosted its position in shares of Arista Networks by 3.6% in the fourth quarter. Swedbank AB now owns 7,364,990 shares of the technology company's stock worth $965,035,000 after purchasing an additional 258,567 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company's stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares of the company's stock, valued at $1,740,600.64. This trade represents a 71.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,502,729 shares of company stock valued at $246,707,719 in the last three months. Insiders own 3.54% of the company's stock.

Arista Networks Stock Up 4.5%

ANET opened at $142.60 on Wednesday. The firm has a 50-day simple moving average of $143.74 and a two-hundred day simple moving average of $137.75. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80. The company has a market capitalization of $179.56 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 2.15 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, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. 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 expect that Arista Networks, Inc. will post 3.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ANET shares. Susquehanna upgraded shares of Arista Networks to a "strong-buy" rating in a research report on Wednesday, April 1st. Piper Sandler reiterated an "overweight" rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Needham & Company LLC reiterated a "buy" rating and issued a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. Barclays reiterated an "overweight" rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Finally, KeyCorp reiterated an "overweight" rating and issued a $178.00 price target (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $182.83.

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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