Korea Investment Reduces $6M in Arista Networks, Inc. ($ANET)
Korea Investment reduced its stake in Arista Networks by 32,556 shares, now holding 832,678 shares.
Key Points
- Korea Investment reduced its stake in Arista Networks by 32,556 shares, a 3.8% drop, now holding 832,678 shares worth $141.3 million.
- Arista Networks, trading at $169.67, has a market cap of $213.6 billion and a P/E ratio of 58.3.
- Analysts maintain a 'strong buy' consensus with a mean target price of $190.09, while major funds like BlackRock and Vanguard also adjusted their positions.
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Korea Investment has trimmed its position in Arista Networks, Inc. (NYSE:ANET), according to a recent SEC filing. The fund reduced its holdings by 32,556 shares, or about 3.8%, bringing its total to 832,678 shares. This stake is valued at approximately $141.3 million as of the reporting period.
Korea Investment vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Korea Investment's Arista Networks Position
Korea Investment's recent filing reflects a reduction in its stake in Arista Networks from 865,234 shares to 832,678 shares, a decrease of 32,556 shares. This marks a 3.8% drop in its holdings, which are now valued at $141.3 million.
Other Institutional Activity in Arista Networks
Several other major funds have also adjusted their positions in Arista Networks. BlackRock, Inc. reduced its stake by 3,541,313 shares, leaving it with 91,907,642 shares valued at about $11.3 billion. Vanguard Capital Management LLC added 68,270,206 shares, now holding shares worth approximately $8.4 billion. FMR LLC increased its holdings by 13,268,327 shares, reaching a total of 52,306,626 shares valued at $6.4 billion. Meanwhile, State Street Corp slightly reduced its position by 208,706 shares, now holding 46,761,991 shares worth $5.7 billion.
Arista Networks, Inc. Stock Down 10.7%
Shares of Arista Networks are trading near $169.67. The company has a market cap of around $213.6 billion and a P/E ratio of 58.3. It also has a forward P/E of 38.1 and a beta of 1.611. The stock's 52-week range is between $85.58 and $179.80, with a 50-day moving average of $158.54 and a 200-day moving average of $142.17.
$ANET stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Arista Networks reported revenue of $9.71 billion, showing a growth of 35.1%. The company achieved a net margin of 38.3% and a return on equity of 31.5%. Its earnings per share stood at $2.91. The next earnings report is expected on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.
Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Arista Networks, Inc.
Recent insider activity shows Andreas Bechtolsheim, a significant shareholder, sold 260,000 shares on June 15, 2026, at an average price of $165.57 as part of a planned sale. Kenneth Duda, President and CTO, had several transactions in June 2026, selling and buying shares on June 10 and June 11 without specified prices.
Analysts Set New Price Targets
Analysts remain bullish on Arista Networks, with several firms maintaining their 'buy' ratings. On June 18, 2026, Keybanc reiterated its buy rating with a $200 price target. Morgan Stanley and B of A Securities also maintained buy ratings with targets of $190 and $200, respectively. The consensus among analysts is a 'strong buy' with an average target price of $190.09 based on 27 opinions.
About Arista Networks
Arista Networks, Inc. is a technology company based in Santa Clara, California. It specializes in developing and selling data-driven networking solutions for cloud computing and data centers. The company serves a wide range of industries, including internet companies, financial services, and healthcare. Led by CEO Jayshree V. Ullal, Arista Networks employs over 5,000 people and operates globally.
Bottom Line
Korea Investment's reduction in its Arista Networks holdings is a typical quarterly adjustment seen in 13F filings, which are backward-looking and may not reflect current positions. Arista Networks remains a strong player in the tech sector, with significant institutional interest and bullish analyst sentiment supporting its stock performance.
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