5,632 Shares in Arista Networks, Inc. $ANET Acquired by New Covenant Trust Company N.A.

Key Points

• New Covenant Trust Company acquired 5,632 Arista Networks shares worth approximately $1.15 million in the third quarter, while institutional investors collectively own 82.47% of the company.
• Arista reported strong operating momentum, with quarterly revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02 beating estimates; its next-quarter EPS guidance is $1.06–$1.08.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $231.70, although the stock’s roughly 67x P/E valuation, recent 1.8% decline, and insider selling present potential headwinds.

New Covenant Trust Company N.A. bought a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,632 shares of the technology company's stock, valued at approximately $1,147,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp raised its stake in shares of Arista Networks by 281.7% in the 3rd quarter. Toth Financial Advisory Corp now owns 7,596 shares of the technology company's stock valued at $1,468,000 after acquiring an additional 5,606 shares in the last quarter. Whalen Wealth Management Inc. acquired a new stake in shares of Arista Networks in the third quarter valued at about $601,000. Alkeme Wealth LLC acquired a new position in shares of Arista Networks during the 3rd quarter worth about $13,618,000. HWG Holdings LP acquired a new stake in Arista Networks in the 3rd quarter valued at approximately $3,688,000. Finally, Applied Capital LLC FL acquired a new position in shares of Arista Networks during the third quarter worth approximately $6,005,000. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Down 1.8%

NYSE:ANET traded down $3.91 during trading hours on Thursday, hitting $211.92. 2,300,145 shares of the stock were exchanged, compared to its average volume of 7,904,759. The company's 50 day moving average is $196.59 and its two-hundred day moving average is $171.18. The company has a market capitalization of $267.27 billion, a P/E ratio of 66.97, a price-to-earnings-growth ratio of 2.53 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.32.

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. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company's quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 3.74 EPS for the current year.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: New AI networking portfolio strengthens growth outlook. Arista launched open Ethernet rack-scale architectures for high-density AI infrastructure, including scale-up and scale-out networking, liquid-cooled systems, and support for large accelerator clusters. The portfolio was developed with major partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm, potentially positioning Arista to benefit as hyperscalers seek alternatives to proprietary interconnects such as NVIDIA’s InfiniBand. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investors and fund managers remain constructive on Arista’s AI opportunity. Recent investment commentary describes the company as a potential key beneficiary of AI infrastructure spending, citing solid execution, a clearer path to AI monetization and raised guidance. The stock has also recently benefited from broad demand for AI networking equipment. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Positive Sentiment: Recent operating performance supports the bullish thesis. Arista’s latest reported quarter exceeded consensus expectations, with revenue of approximately $3.04 billion, year-over-year growth of 37.7%, and EPS of $1.02 versus an estimated $0.89. Management’s next-quarter EPS outlook of $1.06-$1.08 indicates continued momentum ahead of the company’s November 3 earnings release. Arista Networks to Announce Q3 2026 Financial Results
• Neutral Sentiment: The stock recently reached a new 52-week high before retreating. Strong AI enthusiasm and buying among technology stocks pushed ANET to record levels, but the subsequent decline reflects normal profit-taking and increased sensitivity to market conditions. Arista Networks Reaches a Fresh 52-Week High
• Negative Sentiment: Valuation and a Zacks downgrade are near-term headwinds. Zacks Research lowered Arista from “strong buy” to “hold.” With the shares trading at roughly 67 times earnings, investors may be demanding sustained, above-market growth, leaving the stock vulnerable to profit-taking, higher interest rates and any signs of slowing AI spending. Arista Networks Stock Rating Lowered by Zacks Research

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Jefferies Financial Group set a $250.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Evercore reiterated an "outperform" rating on shares of Arista Networks in a research note on Wednesday. Sanford C. Bernstein started coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $250.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and an average target price of $231.70.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 26,000 shares of the business's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total value of $4,433,260.00. Following the completion of the transaction, the insider owned 462,400 shares of the company's stock, valued at $78,843,824. The trade was a 5.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,144,894 shares of company stock worth $631,310,023. 2.70% of the stock is currently owned by company insiders.

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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