32,971 Arista Networks, Inc. $ANET Shares Sold by Glynn Capital Management LLC

Key Points

• Glynn Capital Management cut its Arista Networks stake by 43.3%, selling 32,971 shares and retaining 43,234 shares worth approximately $8.8 million. Despite the reduction, institutional investors and hedge funds collectively own 82.47% of ANET.
• Analyst sentiment remains positive: Arista has a consensus “Buy” rating and an average price target of $231.70, with several firms recently raising their targets and maintaining overweight or strong-buy recommendations.
• Arista reported quarterly revenue of $3.04 billion, up 37.7% year over year, and EPS of $1.02, exceeding expectations. However, insiders sold significant amounts of stock during the quarter, including CEO Jayshree Ullal’s sale of 767,029 shares under a pre-arranged trading plan.

Glynn Capital Management LLC lowered its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 43.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,234 shares of the technology company's stock after selling 32,971 shares during the quarter. Arista Networks makes up approximately 2.6% of Glynn Capital Management LLC's holdings, making the stock its 18th biggest holding. Glynn Capital Management LLC's holdings in Arista Networks were worth $8,802,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Deutsche Bank AG grew its holdings in Arista Networks by 4.3% during the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after acquiring an additional 388,354 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in shares of Arista Networks by 2,827.9% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock valued at $10,664,000 after purchasing an additional 50,592 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Arista Networks during the first quarter valued at approximately $5,279,000. Whitaker Myers Wealth Managers LTD. increased its holdings in shares of Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company's stock valued at $2,862,000 after purchasing an additional 14,310 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in Arista Networks by 521.6% in the 2nd quarter. Nilsine Partners LLC now owns 32,657 shares of the technology company's stock worth $5,548,000 after purchasing an additional 27,403 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANET. Zacks Research upgraded Arista Networks from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. TD Cowen lifted 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, August 5th. Piper Sandler restated an "overweight" rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reiterated an "overweight" rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, KeyCorp restated an "overweight" rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $231.70.

Insider Transactions at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a document filed 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 767,029 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at $3,297,589,536.82. This represents a 4.47% 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. In the last quarter, insiders have sold 3,387,316 shares of company stock valued at $676,926,570. Corporate insiders own 2.70% of the company's stock.

Arista Networks News Roundup

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

• Positive Sentiment: Arista Networks was identified as one of the leading AI-stock buys as the S&P 500 reached a new high. The move reflects continued investor enthusiasm for networking suppliers positioned to benefit from hyperscaler and AI data-center spending. Dow Jones Futures: S&P 500 Hits High As Astera, GE Vernova, Arista Lead Buys, But These Stocks Tumble
• Positive Sentiment: AI networking demand lifted Arista alongside Cisco and Ciena, reinforcing expectations that cloud and AI infrastructure investment can drive sustained demand for Ethernet switching and related software. Arista Networks Advances 4% While Ciena Soars 11% on AI Networking Demand
• Positive Sentiment: Bernstein began coverage with an Outperform rating, adding fresh institutional validation to Arista’s growth outlook. MarketBeat also cited a broad analyst consensus of “Buy,” with a consensus price target above the recent trading level. Bernstein starts coverage of Arista Networks stock at Outperform
• Positive Sentiment: The company’s latest reported quarter showed revenue growth of 37.7% year over year and earnings above analyst expectations. Its strong balance sheet—reported cash of approximately $13.3 billion and no debt—also strengthens financial flexibility.
• Neutral Sentiment: Arista Networks will report third-quarter 2026 results after the market closes on November 3, giving investors a forthcoming catalyst to assess whether AI-driven demand is translating into results and guidance. Arista Networks to Announce Q3 2026 Financial Results
• Negative Sentiment: Director Mark Templeton sold 5,000 shares worth about $1.02 million under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled, it is a limited bearish signal, though it may temper sentiment at elevated valuation levels. Arista Networks Stock: Insider Mark Templeton Sells 5,000 Shares

Arista Networks Stock Performance

ANET opened at $215.50 on Wednesday. The firm's fifty day moving average is $195.43 and its two-hundred day moving average is $170.62. The firm has a market cap of $271.79 billion, a PE ratio of 67.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $216.07.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. 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 company earned $0.73 EPS. The firm's quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

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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