Westpac Banking Corp Has $11.07 Million Stake in Arista Networks, Inc. $ANET

Key Points

• Westpac Banking Corp reduced its Arista Networks stake by 15.1% in the fourth quarter, leaving it with 84,478 shares worth about $11.07 million.
• Insiders have been selling shares, including major shareholder Andreas Bechtolsheim, who sold 220,000 shares in late May; overall, insiders sold 1.94 million shares worth $313.6 million in the past 90 days.
• Arista’s latest quarterly results beat expectations, with EPS of $0.87 and revenue of $2.71 billion, while analysts remain broadly bullish with a consensus Buy rating and average price target of $185.72.

Westpac Banking Corp trimmed its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,478 shares of the technology company's stock after selling 15,011 shares during the period. Arista Networks comprises approximately 0.7% of Westpac Banking Corp's investment portfolio, making the stock its 24th biggest position. Westpac Banking Corp's holdings in Arista Networks were worth $11,069,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ANET. Norges Bank acquired a new stake in Arista Networks during the 4th quarter worth about $1,558,563,000. Arrowstreet Capital Limited Partnership grew its holdings in Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock worth $1,396,939,000 after acquiring an additional 4,332,659 shares during the period. M&T Bank Corp grew its holdings in Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company's stock worth $525,741,000 after acquiring an additional 3,890,146 shares during the period. Pictet Asset Management Holding SA grew its holdings in Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company's stock worth $298,868,000 after acquiring an additional 1,724,758 shares during the period. Finally, Life Cycle Investment Partners Ltd acquired a new stake in Arista Networks during the 4th quarter worth about $164,907,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the firm's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total value of $34,509,200.00. Following the transaction, the insider owned 182,803,048 shares of the company's stock, valued at approximately $28,674,486,109.28. This trade represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 firm's 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 completion of the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,740,600.64. The trade was a 71.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,935,142 shares of company stock valued at $313,589,223 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial set a $175.00 price target on Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities increased their price target on Arista Networks from $180.00 to $210.00 and gave the stock a "buy" rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a report on Friday, May 15th. Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Finally, Raymond James Financial upgraded Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 price target for the company in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $185.72.

Arista Networks Price Performance

ANET stock opened at $175.43 on Wednesday. The stock has a market capitalization of $220.90 billion, a PE ratio of 60.08, a price-to-earnings-growth ratio of 2.63 and a beta of 1.61. The company's 50-day moving average is $148.22 and its 200-day moving average is $137.86. Arista Networks, Inc. has a 1 year low of $85.58 and a 1 year high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business's revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s shareholder meeting produced no signs of governance trouble: investors backed the board, executive pay and auditor, which helps reinforce stability and continuity at the company. Arista Networks Shareholders Back Board, Pay and Auditor
• Positive Sentiment: Coverage around Arista’s presentation at the William Blair Growth Stock Conference keeps attention on its AI networking growth story and helps support bullish sentiment. Arista Networks, Inc. (ANET) Presents at 46th Annual William Blair Growth Stock Conference Transcript
• Positive Sentiment: Articles highlighting Arista as a beneficiary of continued AI infrastructure spending suggest investors still see upside in demand for high-speed networking gear. Is the Arista Networks Post-Earnings Dip a Good Buying Opportunity?
• Positive Sentiment: Broader strength in networking stocks, including Cisco’s move to record highs on AI and cybersecurity demand, is spilling over into Arista and supporting the group’s valuation. Cisco Advances 5% to Record Highs on AI Cybersecurity Push, Arista Climbs as Networking Trade Extends
• Neutral Sentiment: Market commentary comparing ANET with the Nasdaq and other peers mainly reflects ongoing valuation discussion rather than a clear new catalyst. Is Arista Networks stock outperforming the Nasdaq?
• Neutral Sentiment: Some analysts and strategists are cautioning that Arista’s strong run may already reflect a lot of future growth, which could limit upside if AI spending slows. How To Earn 12% While Waiting For Arista Stock To Fall

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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