19,492 Shares in Arista Networks, Inc. $ANET Bought by Aspiriant LLC

Aspiriant LLC bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,492 shares of the technology company's stock, valued at approximately $3,968,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ABS Investment Management LLC purchased a new position in Arista Networks during the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC purchased a new stake in Arista Networks in the 2nd quarter worth approximately $29,000. Kelleher Financial Advisors acquired a new stake in shares of Arista Networks during the 2nd quarter valued at $31,000. Cornerstone Financial Management LLC boosted its stake in shares of Arista Networks by 61.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company's stock valued at $31,000 after buying an additional 70 shares during the period. Finally, Sankala Group LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at $27,000. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their position. 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 have sold 3,627,449 shares of company stock worth $740,784,723 over the last quarter. 2.70% of the stock is owned by company insiders.

Trending Headlines about Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Arista Networks Stock Performance

NYSE ANET opened at $176.84 on Friday. The firm has a 50-day simple moving average of $198.46 and a 200 day simple moving average of $174.34. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The stock has a market cap of $223.03 billion, a PE ratio of 55.78, a PEG ratio of 2.16 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm earned $0.73 EPS. Arista Networks'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. Research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ANET shares. KeyCorp reaffirmed an "overweight" rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Morgan Stanley reiterated an "overweight" rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Piper Sandler reissued an "overweight" rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. Finally, BNP Paribas Exane upgraded shares of Arista Networks to a "strong-buy" rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arista Networks currently has an average rating of "Buy" and an average price target of $235.45.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

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