Assenagon Asset Management S.A. Has $351.93 Million Stock Holdings in Arista Networks, Inc. $ANET

Assenagon Asset Management S.A. increased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 106.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,071,661 shares of the technology company’s stock after acquiring an additional 1,068,148 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Arista Networks were worth $351,934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sankala Group LLC bought a new position in Arista Networks during the fourth quarter worth about $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks in the 4th quarter worth $28,000. Main Street Group LTD acquired a new position in shares of Arista Networks during the first quarter worth about $26,000. Quarry LP bought a new position in shares of Arista Networks during the 3rd quarter worth approximately $33,000. Finally, Hilton Head Capital Partners LLC grew its position in Arista Networks by 184.9% in the first 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. 82.47% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 242,422 shares of the company’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the completion of the sale, the chief executive officer directly owned 5,171,095 shares in the company, valued at approximately $973,044,946.15. This represents a 4.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,308,316 shares of company stock valued at $383,608,735 in the last three months. Insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $192.47 on Friday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $214.89. The company has a market cap of $242.36 billion, a price-to-earnings ratio of 60.72, a PEG ratio of 3.03 and a beta of 1.60. The firm has a 50 day simple moving average of $170.30 and a 200 day simple moving average of $152.07.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts expect that Arista Networks, Inc. will post 3.28 EPS for the current year.

Key Arista Networks News

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

• Positive Sentiment: Record earnings beat expectations: Arista reported second-quarter adjusted EPS of $1.02, above the $0.89 consensus estimate, while revenue increased 37.7% year over year to $3.04 billion, exceeding the $2.83 billion forecast. It was the company’s first quarter with revenue above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and cloud customers continue expanding data-center infrastructure for artificial intelligence, supporting demand for Arista’s switching and routing products. The company also introduced 1.6-terabit platforms aimed at high-performance AI workloads. Why Arista Networks Stock Rallied Today
• Positive Sentiment: Guidance and analyst support improved: Arista projected roughly $3.3 billion of third-quarter revenue and $1.06–$1.08 of EPS, while raising its 2026 revenue outlook to $12.6 billion as supply availability improves. Rosenblatt reiterated a Buy rating and raised its target to $280; TD Cowen, Piper Sandler and Truist also increased targets. Arista projects $12.6 billion 2026 revenue
• Neutral Sentiment: Insider selling: Director Charles Giancarlo sold 8,000 shares worth approximately $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, reducing the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation and margin concerns: Following a major AI-related rally, ANET trades at an elevated earnings multiple. Gross margin declined to 63.4% from 65.6% a year earlier, and investors remain sensitive to any slowdown in AI spending, supply constraints or signs that growth expectations are excessive.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. TD Cowen increased their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $226.05.

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.