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

Northeast Investment Management raised its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 216.0% in the 4th quarter, Holdings Channel.com reports. 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 reporting period.

Other institutional investors have also bought and sold shares of the company. Knuff & Co LLC bought a new position in Arista Networks during the third quarter valued at $29,000. Board of the Pension Protection Fund bought a new position in Arista Networks during the fourth quarter valued at $26,000. Richardson Financial Services Inc. lifted its position in Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after purchasing an additional 130 shares during the last quarter. Quarry LP bought a new position in Arista Networks during the third quarter valued at $33,000. Finally, Ameliora Wealth Management Ltd. bought a new position in Arista Networks during the fourth quarter valued at $30,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ANET. TD Cowen restated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Piper Sandler restated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, Truist Financial set a $175.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $182.83.

Insider Activity

In related news, 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 value of $4,292,480.00. Following the transaction, the insider 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was 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 directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,502,729 shares of company stock worth $246,707,719 in the last ninety days. 3.54% of the stock is currently owned by insiders.

Arista Networks Trading Up 4.5%

Arista Networks stock opened at $142.60 on Wednesday. The firm 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, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The firm has a 50-day moving average price of $143.74 and a 200-day moving average price of $137.75.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.2 earnings per share for the current fiscal year.

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.