66,887 Shares in Arista Networks, Inc. $ANET Bought by Alkeme Wealth LLC

Key Points

• Alkeme Wealth LLC bought 66,887 Arista Networks shares worth approximately $13.6 million, making ANET its third-largest holding at 4.6% of the portfolio. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista reported strong operating momentum, with quarterly revenue up 37.7% year over year to $3.04 billion and EPS of $1.02, exceeding the $0.89 analyst consensus. Shares recently traded near their 12-month high, with a market capitalization of approximately $272 billion.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $231.70, although insiders sold more than 3.1 million shares worth $631.3 million over the past three months.

Alkeme Wealth LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 66,887 shares of the technology company's stock, valued at approximately $13,618,000. Arista Networks accounts for approximately 4.6% of Alkeme Wealth LLC's portfolio, making the stock its 3rd biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Cura Wealth Advisors LLC raised its holdings in shares of Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock valued at $297,000 after acquiring an additional 52 shares during the period. Madison Wealth Partners Inc raised its holdings in Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock worth $370,000 after acquiring an additional 60 shares during the period. Intrua Financial LLC lifted its position in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock worth $283,000 after purchasing an additional 61 shares during the last quarter. Shepherd Financial Partners LLC boosted its stake in Arista Networks by 1.2% during the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company's stock valued at $918,000 after purchasing an additional 66 shares during the period. Finally, NBT Bank N A NY increased its position in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock worth $30,000 after acquiring an additional 67 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $215.71 on Thursday. The business has a fifty day moving average of $196.59 and a 200-day moving average of $171.18. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.32. The firm has a market cap of $272.06 billion, a PE ratio of 68.05, a price-to-earnings-growth ratio of 2.53 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks's quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 17,333 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider owned 12,976 shares in the company, valued at $2,640,616. This trade represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Arista Networks stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the sale, the insider owned 180,543,048 shares of the company's stock, valued at approximately $35,919,039,399.60. The trade was a 0.17% 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 three months, 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 News Roundup

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

• Positive Sentiment: Arista announced an open Ethernet rack-scale portfolio designed for high-density, scale-up and scale-out AI infrastructure. The liquid-cooled solutions use open standards and were developed with partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm, strengthening Arista’s positioning in the fast-growing AI data-center networking market. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: ClearBridge Investments highlighted Arista as an AI infrastructure company with solid execution, a clearer path to AI monetization and raised guidance. The commentary suggests investors are favoring Arista over some higher-momentum semiconductor names. Arista Networks Outperforms AI Infrastructure Peers
• Positive Sentiment: Earlier analyst actions remain supportive: Bernstein initiated coverage at Outperform, while the broader analyst consensus is Buy with a $231.70 target. Arista’s latest reported quarter also showed strong momentum, including 37.7% year-over-year revenue growth and earnings above expectations.
• Neutral Sentiment: Arista will report third-quarter 2026 results after the market close on November 3. Investors may be positioning ahead of the release, with attention focused on whether AI-related demand supports the company’s guidance of $1.06-$1.08 in quarterly EPS. Arista Networks Q3 2026 Earnings Date
• Negative Sentiment: Zacks Research downgraded Arista from Strong Buy to Hold, which may have contributed to profit-taking after the stock’s sharp rally and elevated valuation.
• Negative Sentiment: A director sold 5,000 shares through a pre-arranged Rule 10b5-1 plan. Although the transaction was scheduled in advance, it adds a modest negative signal for sentiment.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ANET. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a research report on Monday, August 31st. They set a "buy" rating and a $220.00 target price on the stock. UBS Group restated a "buy" rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company reiterated an "overweight" rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. TD Cowen upped their price target on Arista Networks from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. One equities 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 stock. According to MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and a consensus price target of $231.70.

Arista Networks Company 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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