Arrowstreet Capital Limited Partnership Acquires 4,332,659 Shares of Arista Networks, Inc. $ANET

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 82.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,587,115 shares of the technology company’s stock after buying an additional 4,332,659 shares during the period. Arista Networks makes up about 0.9% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 13th largest position. Arrowstreet Capital Limited Partnership owned approximately 0.76% of Arista Networks worth $1,396,939,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Arista Networks in the 2nd quarter worth about $1,228,177,000. Massachusetts Financial Services Co. MA boosted its stake in Arista Networks by 2,829.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock valued at $833,630,000 after purchasing an additional 5,525,828 shares during the last quarter. Holocene Advisors LP bought a new stake in Arista Networks during the 2nd quarter worth approximately $247,451,000. Schroder Investment Management Group increased its holdings in Arista Networks by 14.8% during the 2nd quarter. Schroder Investment Management Group now owns 10,494,124 shares of the technology company’s stock worth $1,073,654,000 after purchasing an additional 1,350,593 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its stake in shares of Arista Networks by 282.9% in the second quarter. Panagora Asset Management Inc. now owns 1,549,486 shares of the technology company’s stock worth $158,528,000 after purchasing an additional 1,144,786 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $142.44, for a total transaction of $4,558,080.00. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at $1,848,301.44. This trade represents a 71.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 1,815 shares of Arista Networks stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $132.44, for a total transaction of $240,378.60. Following the completion of the sale, the director directly owned 12,574 shares in the company, valued at $1,665,300.56. This trade represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 196,237 shares of company stock valued at $25,865,760 in the last three months. Company insiders own 3.39% of the company’s stock.

Arista Networks Price Performance

NYSE ANET opened at $133.82 on Friday. The business’s fifty day moving average is $134.86 and its 200-day moving average is $137.29. The stock has a market capitalization of $168.15 billion, a price-to-earnings ratio of 48.49, a PEG ratio of 2.45 and a beta of 1.46. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.38 billion. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. Research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks News Summary

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

• Positive Sentiment: TD Cowen initiated coverage of Arista with a “buy” rating and a $170 price target, implying roughly 27% upside from current levels — a clear analyst catalyst that could support the stock if others follow. TD Cowen initiates Arista, Coherent and Ciena at buy; Lumentum receives hold rating
• Positive Sentiment: Arista announced an MSA for XPO, a 12.8Tbps liquid‑cooled pluggable optics module that greatly increases front‑panel density and is marketed specifically for AI networking — a product roadmap win that supports long‑term demand exposure to AI data centers. Arista Announces XPO High-Density Liquid-Cooled Pluggable Optics
• Positive Sentiment: Analyst/market commentary highlights Arista’s steady profit growth and technical buy points, reinforcing a constructive medium‑term thesis for investors focused on AI networking exposure. Arista Serves Up Steady Profits. Its Stock Offers Two Buy Points.
• Neutral Sentiment: Recent valuation and volatility writeups are reminding investors that the stock has seen choppy short‑term returns despite strong 1‑year performance — useful context but not an immediate catalyst. A Look At Arista Networks (ANET) Valuation After Recent Share Price Volatility
• Neutral Sentiment: Reports that major banks are adjusting price targets across tech names may influence sentiment generally, but it’s unclear from the cited piece whether Arista was a direct beneficiary of the specific Goldman Sachs moves. Goldman Sachs Raises Price Targets on 3 Tech Giants by 10% and More
• Neutral Sentiment: Longer‑term performance pieces (e.g., multi‑year return analyses) highlight strong historical gains for buy‑and‑hold investors but are not immediate drivers of intraday moves. $100 Invested In Arista Networks 5 Years Ago…
• Negative Sentiment: Zacks noted Arista declined more than the market in the most recent session (≈‑3.0%), signaling short‑term profit‑taking or rotation after recent gains — a near‑term headwind for the stock. Arista Networks (ANET) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Competitors like Ciena are rolling out their own high‑density photonics and coherent optics solutions for AI infrastructure — potential competitive pressure on pricing and share if customers adopt alternatives. Ciena’s Networking Innovations Aim to Power the AI Infrastructure Boom

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANET. The Goldman Sachs Group reaffirmed a “buy” rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. KeyCorp restated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Rosenblatt Securities lifted their price objective on shares of Arista Networks from $140.00 to $165.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Evercore reiterated an “outperform” rating and issued a $200.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $175.00 target price (up from $159.00) on shares of Arista Networks in a report on Friday, February 13th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $176.47.

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.