Swiss National Bank Decreases Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Swiss National Bank reduced its Arista Networks stake by 4.9% in the fourth quarter, selling 149,700 shares and leaving it with about 2.93 million shares valued at roughly $383.6 million.
• Arista Networks reported strong quarterly results, beating EPS and revenue estimates with $0.87 EPS on $2.71 billion in revenue, while revenue jumped 35.1% year over year. The company also guided Q2 2026 EPS at 0.880.
• Wall Street remains largely bullish on ANET, with several firms maintaining or raising price targets and a consensus rating of Buy; however, some recent insider selling, including by the CEO and CFO, may temper sentiment.

Swiss National Bank trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,927,600 shares of the technology company's stock after selling 149,700 shares during the period. Swiss National Bank owned approximately 0.23% of Arista Networks worth $383,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ANET. Vanguard Group Inc. boosted its stake 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 worth $13,258,877,000 after buying an additional 1,188,799 shares during the last quarter. State Street Corp lifted its holdings in Arista Networks by 0.5% in 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 acquiring an additional 245,976 shares during the period. Geode Capital Management LLC lifted its holdings in Arista Networks by 1.8% in 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 acquiring an additional 477,625 shares during the period. Norges Bank bought a new position in Arista Networks in the fourth quarter valued at about $1,558,563,000. Finally, Invesco Ltd. lifted its holdings in Arista Networks by 1.8% in the third quarter. Invesco Ltd. now owns 10,094,255 shares of the technology company's stock valued at $1,470,834,000 after acquiring an additional 181,813 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

More Arista Networks News

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

• Positive Sentiment: Arista’s rollout of its 7060XE7 Series 1.6T networking platforms supports the AI growth story, as the products are designed for rack-scale AI infrastructure and higher-capacity data-center networking. Article Title
• Positive Sentiment: Erste Group Bank raised its FY2027 earnings estimate for Arista Networks, adding to signs that Wall Street expects continued earnings growth. Article Title
• Neutral Sentiment: Broader market volatility tied to AI spending, interest rates, and growth concerns may be increasing attention on AI infrastructure names like ANET, but it is not a company-specific catalyst. Article Title
• Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim may weigh on sentiment, even though the trades were made under a pre-arranged 10b5-1 plan. Article Title

Arista Networks Trading Up 3.1%

Shares of NYSE ANET opened at $156.46 on Friday. The firm has a 50 day moving average of $153.66 and a 200 day moving average of $139.83. The firm has a market capitalization of $197.01 billion, a price-to-earnings ratio of 53.58, a price-to-earnings-growth ratio of 2.34 and a beta of 1.61. Arista Networks, Inc. has a 12-month low of $85.58 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. The company 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%. The firm's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ANET shares. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Piper Sandler restated an "overweight" rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Truist Financial set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Wolfe Research restated an "outperform" rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $185.95.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36. Following the completion of the sale, the chief executive officer directly owned 9,917 shares of the company's stock, valued at $1,537,531.68. This represents a 58.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total transaction of $384,336.00. Following the completion of the sale, the chief financial officer directly owned 64,408 shares of the company's stock, valued at approximately $10,112,056. This trade represents a 3.66% 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 quarter, insiders sold 2,403,142 shares of company stock valued at $388,820,943. Company 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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