Pictet Asset Management Holding SA Purchases 1,960,829 Shares of Arista Networks, Inc. $ANET

Pictet Asset Management Holding SA raised its holdings in Arista Networks, Inc. (NYSE:ANET) by 86.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,240,951 shares of the technology company’s stock after buying an additional 1,960,829 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Arista Networks were worth $520,168,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hoxton Planning & Management LLC lifted its holdings in shares of Arista Networks by 4.1% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after acquiring an additional 68 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 70 shares during the period. United Asset Strategies Inc. increased its stake in Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after acquiring an additional 72 shares during the period. Personal CFO Solutions LLC raised its position in Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock worth $318,000 after purchasing an additional 76 shares in the last quarter. Finally, Clark Financial Services Group Inc. BD raised its position in Arista Networks by 2.2% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock worth $518,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, CFO Chantelle Yvette Breithaupt sold 2,448 shares of Arista Networks stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total value of $384,336.00. Following the completion of the transaction, the chief financial officer directly owned 64,408 shares of the company’s stock, valued at $10,112,056. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the transaction, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. This trade represents a 58.20% 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 ninety days, insiders have sold 2,647,080 shares of company stock valued at $431,329,762. 2.70% of the stock is currently owned by company insiders.

Arista Networks Price Performance

Shares of ANET opened at $157.80 on Friday. The company has a market capitalization of $198.70 billion, a P/E ratio of 54.04, a PEG ratio of 2.43 and a beta of 1.61. Arista Networks, Inc. has a one year low of $97.14 and a one year high of $179.80. The business’s 50 day simple moving average is $159.49 and its 200-day simple moving average is $142.71.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.65 EPS. The business’s revenue 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, sell-side analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ANET shares. Piper Sandler reaffirmed an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. JPMorgan Chase & Co. increased their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Truist Financial set a $175.00 target price on Arista Networks in a research report on Wednesday, May 6th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has an average rating of “Buy” and an average price target of $187.63.

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.