Reflection Asset Management Invests $1.29 Million in Arista Networks, Inc. $ANET

Key Points

• Reflection Asset Management opened a new position in Arista Networks during the fourth quarter, buying 9,812 shares worth about $1.29 million.
• Arista continues to attract major institutional interest, with firms like Vanguard, State Street, and Price T. Rowe increasing holdings; overall, 82.47% of the stock is owned by institutional investors.
• The company posted strong quarterly results, beating EPS and revenue estimates, while analysts remain broadly bullish with a consensus Buy rating and an average target price of $187.63.

Reflection Asset Management bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,812 shares of the technology company's stock, valued at approximately $1,286,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised 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 valued at $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp boosted its stake in shares of Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company's stock valued at $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company's stock valued at $4,870,618,000 after buying an additional 380,724 shares during the period. Geode Capital Management LLC increased its holdings in Arista Networks by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock valued at $3,455,095,000 after buying an additional 477,625 shares during the period. Finally, Norges Bank bought a new position in Arista Networks in the fourth quarter worth approximately $1,558,563,000. 82.47% of the stock is currently owned by institutional investors.

Insider Activity at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company's stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% 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. Over the last 90 days, insiders have sold 2,603,747 shares of company stock worth $423,901,619. Insiders own 2.70% of the company's stock.

Arista Networks Trading Up 0.1%

Shares of ANET stock opened at $169.84 on Friday. The stock has a 50 day moving average of $158.10 and a 200 day moving average of $141.44. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The stock has a market cap of $213.86 billion, a P/E ratio of 58.16, a P/E/G ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior 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 predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial set a $175.00 price target on Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reaffirmed an "overweight" rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Piper Sandler reiterated an "overweight" rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Barclays reiterated an "overweight" rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Finally, Zacks Research lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $187.63.

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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