CI Investments Inc. Sells 7,480 Shares of Arista Networks, Inc. $ANET

CI Investments Inc. trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 213,970 shares of the technology company’s stock after selling 7,480 shares during the quarter. CI Investments Inc.’s holdings in Arista Networks were worth $26,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Arista Networks during the 4th quarter worth $1,558,563,000. M&T Bank Corp increased its stake in shares of Arista Networks by 3,182.7% in the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after purchasing an additional 3,890,146 shares in the last quarter. Franklin Resources Inc. raised its holdings in Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after purchasing an additional 2,934,098 shares during the period. Pictet Asset Management Holding SA lifted its position in Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock valued at $520,168,000 after purchasing an additional 1,960,829 shares in the last quarter. Finally, Clearbridge Investments LLC purchased a new position in Arista Networks during the fourth quarter valued at $198,285,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the sale, the director directly owned 192,333 shares in the company, valued at approximately $32,131,150.98. This represents a 3.99% decrease in their position. The sale was disclosed in a 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 17,333 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,224,345.92. The trade was a 57.19% decrease in their position. 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. In the last 90 days, insiders have sold 2,264,983 shares of company stock valued at $376,175,065. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ANET shares. 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 research report on Friday, May 15th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Rosenblatt Securities lifted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. UBS Group reaffirmed a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $189.74.

Arista Networks News Summary

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

• Positive Sentiment: Needham raised its price target on Arista Networks to $200 from $185 and kept a buy rating, signaling confidence in additional upside for the stock. Benzinga article
• Positive Sentiment: Arista launched an AI-driven zero trust security solution for VeloCloud SD-WAN, expanding beyond data-center networking into enterprise branch security and potentially broadening its addressable market. Arista Networks Introduces AI-Driven Zero Trust Branch
• Positive Sentiment: Multiple analyst-style pieces highlighted Arista as a top-ranked growth stock and a candidate to beat earnings estimates, reinforcing expectations for strong AI- and cloud-driven demand. 4 Internet Stocks Poised to Top Estimates This Earnings Season
• Positive Sentiment: Recent coverage also pointed to Arista’s strong AI exposure and exponential growth narrative, which can support valuation and keep sentiment constructive into the next earnings report. Arista Networks (ANET) Strengthens from Exponential Growth in AI
• Neutral Sentiment: Several duplicate and trend-following articles noted that ANET is a widely watched stock, but these pieces were largely commentary rather than new fundamental information.
• Negative Sentiment: One Trefis article flagged the company’s halted buybacks and rising purchase commitments, suggesting management is prioritizing future growth over shareholder returns and taking on meaningful execution risk. How Much Upside Can ANET Stock’s Growth Deliver?

Arista Networks Stock Performance

ANET opened at $175.15 on Thursday. The stock has a market capitalization of $220.55 billion, a price-to-earnings ratio of 59.98, a PEG ratio of 2.68 and a beta of 1.60. The company has a fifty day moving average of $163.73 and a 200 day moving average of $148.22. Arista Networks, Inc. has a fifty-two week low of $111.00 and a fifty-two week high of $189.82.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion for 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%.The company’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period 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, equities research analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

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.