Arista Networks, Inc. $ANET Shares Bought by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 3.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 4,720,642 shares of the technology company’s stock after acquiring an additional 144,177 shares during the period. Royal Bank of Canada’s holdings in Arista Networks were worth $579,598,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Intrua Financial LLC boosted its stake in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares during the period. NBT Bank N A NY raised its stake in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after acquiring an additional 67 shares during the period. Hoxton Planning & Management LLC raised its stake in shares of Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after acquiring an additional 68 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after acquiring an additional 70 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Arista Networks by 8.7% in the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock worth $107,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Trading Down 0.8%

ANET stock opened at $169.47 on Wednesday. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $189.82. The company’s 50 day moving average is $166.08 and its two-hundred day moving average is $149.32. The stock has a market cap of $213.40 billion, a P/E ratio of 58.04, a PEG ratio of 2.62 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion during 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 company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous 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 predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Needham & Company LLC lifted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Arista Networks currently has an average rating of “Buy” and an average price target of $189.74.

Arista Networks News Roundup

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

• Positive Sentiment: Analysts remain constructive ahead of Arista’s quarterly report, expected in early August. Positive earnings-estimate revisions, a favorable Zacks Rank and expectations for an earnings beat have increased optimism about the company’s outlook. Arista Networks on rising earnings optimism
• Positive Sentiment: Strong results from optical, cloud-connectivity and AI-exposed peers—including Corning, Sanmina and Celestica—provide favorable evidence of continued data-center and AI infrastructure spending, a key demand driver for Arista’s networking products. Corning beats second-quarter estimates
• Neutral Sentiment: A comparison with Advanced Micro Devices suggests Arista may offer stronger profitability and a more attractive relative valuation, although the article still characterizes Arista as expensive and highlights its reliance on a concentrated customer base as an important risk. AMD versus Arista Networks comparison
• Neutral Sentiment: Arista recently underperformed some technology competitors, indicating that investors may be taking a more selective approach despite the broader AI infrastructure theme. Arista Networks underperforms competitors
• Negative Sentiment: Director Kenneth Duda disclosed two sales totaling 43,333 shares at approximately $170.51 per share. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, reducing the immediate signal of discretionary selling, but the sales can still weigh on sentiment.
• Negative Sentiment: With Arista trading at a high earnings multiple, investors may demand another strong earnings beat and upbeat guidance. Any disappointment or evidence of customer-concentration risk could prompt profit-taking after the stock’s recent gains.

Insider Activity at Arista Networks

In related news, CEO Jayshree Ullal sold 234,578 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $187.18, for a total value of $43,908,310.04. Following the completion of the sale, the chief executive officer directly owned 5,134,207 shares of the company’s stock, valued at $961,020,866.26. This represents a 4.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.51, for a total value of $4,433,260.00. Following the transaction, the insider owned 462,400 shares in the company, valued at $78,843,824. This represents a 5.32% 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. Insiders sold 2,308,316 shares of company stock valued at $383,563,775 in the last ninety days. 2.70% of the stock is currently owned by insiders.

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.