Arista Networks, Inc. $ANET Shares Purchased by Calamos Wealth Management LLC

Calamos Wealth Management LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 527.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 124,611 shares of the technology company’s stock after buying an additional 104,744 shares during the quarter. Calamos Wealth Management LLC’s holdings in Arista Networks were worth $15,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the fourth quarter worth $26,000. Sankala Group LLC acquired a new position in Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks during the 4th quarter worth about $28,000. Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks during the 4th quarter worth about $30,000. Finally, Hilton Head Capital Partners LLC raised its position in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after purchasing an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Down 3.1%

Shares of ANET stock opened at $181.17 on Tuesday. The stock’s 50-day moving average price is $159.96 and its 200 day moving average price is $146.20. The stock has a market capitalization of $228.13 billion, a PE ratio of 62.04, a price-to-earnings-growth ratio of 2.88 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $104.68 and a 52-week high of $189.82.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping 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 company 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 earned $0.65 EPS. The firm’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. Analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. 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 quarter, insiders sold 3,267,800 shares of company stock worth $540,700,852. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

ANET has been the subject of several recent research reports. UBS Group reiterated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Finally, Barclays reiterated 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $188.16.

Arista Networks News Roundup

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

• Positive Sentiment: Analysts and market commentary continue to highlight Arista’s AI networking portfolio, strong cloud demand, and 35% revenue growth as drivers that could support more upside ahead.
• Positive Sentiment: Arista was included in a “high-growth wide-moat” stock list, reinforcing investor confidence in its competitive positioning and long-term growth outlook.
• Neutral Sentiment: A recent comparison note on enterprise AI stocks said Workday may offer more upside than Arista right now because of its lower valuation and improving earnings estimates, which may temper enthusiasm for ANET.
• Neutral Sentiment: The company’s CEO, Jayshree Ullal, sold 242,422 shares in a pre-arranged 10b5-1 plan. While the sale was disclosed and routine, large insider selling can sometimes weigh on sentiment. SEC filing
• Negative Sentiment: Arista Networks has also been cited as moving down more than the broader market in recent trading, reflecting near-term weakness despite its strong fundamentals.

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.