Reaves W H & Co. Inc. Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Reaves W H & Co. Inc. opened a new position in Arista Networks during the fourth quarter, buying 23,336 shares worth about $3.06 million.
• Institutional ownership remains very high at 82.47%, with major investors like Vanguard, State Street, Geode Capital, and Norges Bank all holding large stakes in the company.
• Arista reported strong quarterly results, beating earnings and revenue estimates with EPS of $0.87 and revenue of $2.71 billion, while revenue rose 35.1% year over year. Analysts remain largely bullish, with a consensus Buy rating and an average price target of $185.72.

Reaves W H & Co. Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 23,336 shares of the technology company's stock, valued at approximately $3,058,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company's stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares in the last quarter. State Street Corp grew its holdings 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 acquiring an additional 245,976 shares in the last quarter. Geode Capital Management LLC grew its holdings in Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock worth $3,455,095,000 after acquiring an additional 477,625 shares in the last quarter. Norges Bank bought a new position in Arista Networks during the 4th quarter worth about $1,558,563,000. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 181,813 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 12,976 shares of the company's stock, valued at approximately $1,740,600.64. This trade represents a 71.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the transaction, the insider directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,935,142 shares of company stock valued at $313,589,223 in the last three months. 2.70% of the stock is owned by insiders.

Arista Networks Stock Performance

NYSE:ANET opened at $159.09 on Monday. The stock has a market capitalization of $200.33 billion, a P/E ratio of 54.48, a P/E/G ratio of 2.46 and a beta of 1.61. The company's 50-day simple moving average is $147.52 and its 200-day simple moving average is $137.61. Arista Networks, Inc. has a fifty-two week low of $83.86 and a fifty-two week 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 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks's revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Piper Sandler reiterated an "overweight" rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Barclays restated an "overweight" rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Truist Financial set a $175.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. Susquehanna upgraded shares of Arista Networks to a "strong-buy" rating in a report on Wednesday, April 1st. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $185.72.

Key Arista Networks News

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

• Positive Sentiment: Zacks highlighted Arista Networks as a strong growth stock, pointing to its appeal across growth and momentum screens and reinforcing the view that ANET remains a high-quality long-term compounder. Article Title
• Positive Sentiment: Another Zacks note said ANET is benefiting from AI infrastructure spending, with hyperscalers expanding networks and driving demand for next-generation Ethernet products, which supports the company’s growth outlook. Article Title
• Positive Sentiment: Wall Street remains constructive on Arista Networks, with multiple analysts reiterating Buy/Overweight ratings and lifting price targets, reflecting confidence in continued revenue and earnings growth.
• Positive Sentiment: Recent earnings were solid, with Arista beating EPS and revenue estimates and posting 35% year-over-year revenue growth, which continues to underpin bullish sentiment.
• Neutral Sentiment: Institutional ownership remains high, and several small new positions were reported, but these filings are unlikely to be a major near-term driver on their own.
• Negative Sentiment: Recent insider sales by CFO Chantelle Yvette Breithaupt, CEO Jayshree Ullal, and major shareholder Andreas Bechtolsheim may create some short-term caution, even though the trades were made under pre-arranged 10b5-1 plans.

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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