Fifth Third Bancorp Has $124.49 Million Stock Position in Arista Networks, Inc. $ANET

Fifth Third Bancorp raised its stake in Arista Networks, Inc. (NYSE:ANET) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,376 shares of the technology company’s stock after acquiring an additional 16,376 shares during the quarter. Fifth Third Bancorp owned about 0.07% of Arista Networks worth $124,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Smithfield Trust Co grew its stake in shares of Arista Networks by 662.5% during the third quarter. Smithfield Trust Co now owns 1,342 shares of the technology company’s stock valued at $195,000 after purchasing an additional 1,166 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Arista Networks by 2.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 374,890 shares of the technology company’s stock worth $54,625,000 after buying an additional 10,011 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Arista Networks by 3.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 301,391 shares of the technology company’s stock worth $43,916,000 after buying an additional 10,318 shares in the last quarter. Snider Financial Group bought a new position in Arista Networks in the 3rd quarter valued at $2,369,000. Finally, Aberdeen Group plc increased its stake in shares of Arista Networks by 1.4% in the 3rd quarter. Aberdeen Group plc now owns 1,005,027 shares of the technology company’s stock valued at $144,091,000 after buying an additional 14,135 shares during the period. 82.47% of the stock is owned by institutional investors.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Reported stronger-than-expected Q4 results: EPS $0.82 vs. $0.75 est., revenue $2.49B (+28.9% YoY) and record net income; company raised AI revenue targets and issued revenue guidance above Street estimates, supporting the AI-driven growth narrative. Read More.
• Positive Sentiment: Analysts are lifting price targets and turning more bullish (Wells Fargo, Needham, Rosenblatt among those raising targets/ratings), giving additional analyst-driven momentum to the stock. Read More.
• Positive Sentiment: Market views Arista as outperforming peers (notably Cisco) by managing supply-chain pressures and capturing hyperscaler AI capex, which supports margin resilience and share gains. Read More.
• Neutral Sentiment: Management said Arista is diversifying accelerator support: deployments that were ~99% Nvidia a year ago now include ~20–25% AMD — a strategic shift that increases customer options but alters vendor dynamics. Traders note this may be weighing on GPU vendor stocks while benefiting Arista’s flexibility. Read More.
• Neutral Sentiment: Unusually high options activity is signaling elevated trader interest/positioning ahead of and after earnings. Read More.
• Negative Sentiment: Valuation is rich (ANET trades at a high P/E), and some commentary asks whether the recent run (one-year gains) leaves less margin for error if growth slows. This could temper longer-term upside. Read More.
• Negative Sentiment: Rising component/memory costs are a sector-wide headwind; management says it’s mitigating impacts via purchase commitments, but cost pressure remains a watch item for margins. Read More.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $141.46 on Monday. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The stock has a market cap of $178.13 billion, a P/E ratio of 51.25, a P/E/G ratio of 2.39 and a beta of 1.42. The firm has a 50 day moving average price of $133.05 and a 200 day moving average price of $137.10.

Arista Networks (NYSE:ANET) last posted its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business posted $0.66 earnings per share. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. Analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $140.43, for a total value of $1,123,440.00. Following the completion of the sale, the director directly owned 9,784 shares in the company, valued at $1,373,967.12. This represents a 44.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the transaction, the director owned 8,980 shares in the company, valued at $1,052,007. This trade represents a 4.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 160,464 shares of company stock valued at $20,351,388. Insiders own 3.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley reissued an “overweight” rating and set a $165.00 price objective on shares of Arista Networks in a report on Friday. Piper Sandler restated an “overweight” rating and set a $175.00 target price (up from $159.00) on shares of Arista Networks in a research report on Friday. Erste Group Bank lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Arista Networks in a research note on Monday, December 29th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $175.41.

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.