6,461 Shares in Arista Networks, Inc. $ANET Acquired by Legacy Financial Independent Advisors LLC

Key Points

• Legacy Financial Independent Advisors acquired 6,461 Arista Networks shares in the third quarter, worth approximately $1.315 million. Institutional investors collectively own 82.47% of the company’s shares.
• Arista reported quarterly revenue of $3.66 billion, up 58.5% year over year, and EPS of $1.20, beating analyst estimates. The article also cites management’s 2027 revenue outlook of about $18.5 billion and expects AI-fabric revenue to roughly double to $7 billion.
• Insiders have sold shares, including transactions under pre-arranged trading plans; in the past 90 days, reported insider sales totaled about $482.7 million. Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $240.24.

Legacy Financial Independent Advisors LLC bought a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,461 shares of the technology company's stock, valued at approximately $1,315,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cura Wealth Advisors LLC lifted its position in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock worth $297,000 after buying an additional 52 shares during the last quarter. Affinity Capital Advisors LLC boosted its stake in Arista Networks by 1.4% during the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company's stock worth $817,000 after buying an additional 53 shares during the period. Global Assets Advisory LLC increased its position in Arista Networks by 0.9% during the third quarter. Global Assets Advisory LLC now owns 6,352 shares of the technology company's stock valued at $1,318,000 after acquiring an additional 57 shares during the last quarter. Madison Wealth Partners Inc increased its position in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock valued at $370,000 after acquiring an additional 60 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its position in Arista Networks by 3.2% during the third quarter. Richardson Financial Services Inc. now owns 1,912 shares of the technology company's stock valued at $389,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity

In related news, insider Kenneth Duda sold 17,333 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total value of $3,135,713.03. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at $2,347,488.16. This represents a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the transaction, the chief financial officer owned 68,697 shares in the company, valued at $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 2,380,998 shares of company stock valued at $482,687,801. Insiders own 2.70% of the company's stock.

Arista Networks Price Performance

ANET stock opened at $159.21 on Friday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The firm's 50-day moving average is $193.20 and its 200 day moving average is $165.48. The company has a market capitalization of $200.80 billion, a PE ratio of 42.80, a P/E/G ratio of 2.06 and a beta of 1.61.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The firm's quarterly revenue was up 58.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.80 EPS for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Arista’s Q3 revenue rose 58.5% year over year to $3.66 billion, beating the $3.33 billion consensus, while adjusted EPS of $1.20 topped the $1.08 estimate. Management also projected about $18.5 billion in 2027 revenue—above Wall Street expectations—and expects AI-fabric revenue to double to roughly $7 billion. Article: Should You Add ANET Stock to Your Portfolio Post Solid Q3 Earnings?
• Neutral Sentiment: Insiders reported share sales, including director Mark Templeton’s 5,000-share sale and major shareholder Andreas Bechtolsheim’s sale of 267,892 shares. The transactions were made under pre-arranged Rule 10b5-1 plans; Bechtolsheim retained a very large stake. Article: Insider Selling at Arista Networks
• Negative Sentiment: Investors are selling AI hardware and networking stocks broadly, with reports attributing the pressure to policy concerns after the election. The sector-wide risk-off mood has overshadowed Arista’s growth outlook. Article: Arista Sinks as AI Selloff Deepens
• Negative Sentiment: Despite the positive guidance, analysts note execution and supply capacity risks, while Arista’s premium valuation and expected pressure on gross margins from a greater hardware mix leave the stock vulnerable to shifts in investor sentiment. Article: Arista Networks Stocks Fall Despite a Strong Networking Outlook

Wall Street Analysts Forecast Growth

ANET has been the topic of several recent analyst reports. Weiss Ratings raised shares of Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Wells Fargo & Company reaffirmed an "overweight" rating and set a $245.00 price target (down from $255.00) on shares of Arista Networks in a research note on Wednesday. Truist Financial lifted their price target on shares of Arista Networks from $234.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday. UBS Group reiterated a "buy" rating and set a $291.00 price target (up from $259.00) on shares of Arista Networks in a report on Wednesday. Finally, Citigroup reissued a "buy" rating and issued a $248.00 price objective (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has an average rating of "Buy" and an average target price of $240.24.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company's products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista's portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

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