Polar Capital Holdings Plc Has $163.09 Million Stake in Arista Networks, Inc. $ANET

Polar Capital Holdings Plc decreased its position in Arista Networks, Inc. (NYSE:ANET) by 5.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,244,655 shares of the technology company’s stock after selling 72,555 shares during the quarter. Polar Capital Holdings Plc’s holdings in Arista Networks were worth $163,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANET. Knuff & Co LLC acquired a new position in shares of Arista Networks during the 3rd quarter worth $29,000. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks in the fourth quarter worth about $26,000. Quarry LP acquired a new position in shares of Arista Networks during the 3rd quarter valued at about $33,000. Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks in the 4th quarter valued at approximately $30,000. Finally, Ares Financial Consulting LLC bought a new stake in Arista Networks during the fourth quarter worth approximately $34,000. Institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,119,110.56. This trade represents a 71.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $163.06, for a total transaction of $39,134,400.00. Following the sale, the insider owned 331,848 shares in the company, valued at $54,111,134.88. This represents a 41.97% 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. Over the last ninety days, insiders sold 2,343,747 shares of company stock worth $380,853,419. 2.70% of the stock is owned by corporate insiders.

Arista Networks Stock Down 0.4%

ANET stock opened at $168.48 on Wednesday. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The company has a market cap of $212.15 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 2.61 and a beta of 1.61. The business’s 50-day simple moving average is $156.12 and its 200 day simple moving average is $140.71.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Barclays restated an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $186.47.

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.