8,914 Shares in Arista Networks, Inc. $ANET Bought by Blue Jean Financial LLC

Key Points

• Blue Jean Financial LLC acquired 8,914 Arista Networks shares worth approximately $1.815 million in the third quarter. Institutional investors collectively own 82.47% of the company.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $233.20 price target. Several firms recently raised targets to between $225 and $240.
• Arista reported quarterly revenue of $3.04 billion, up 37.7% year over year, and EPS of $1.02, exceeding expectations. Meanwhile, insiders sold about $733.4 million of stock over the last quarter under pre-arranged trading plans.

Blue Jean Financial LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,914 shares of the technology company's stock, valued at approximately $1,815,000.

Other hedge funds also recently made changes to their positions in the company. DUTCH ASSET Corp increased its position in shares of Arista Networks by 9.0% during the third quarter. DUTCH ASSET Corp now owns 3,789 shares of the technology company's stock worth $771,000 after acquiring an additional 312 shares during the last quarter. 55 North Private Wealth LLC boosted its holdings in Arista Networks by 3.2% in the third quarter. 55 North Private Wealth LLC now owns 2,272 shares of the technology company's stock valued at $463,000 after purchasing an additional 71 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in Arista Networks by 29.5% in the third quarter. Genesee Capital Advisors LLC now owns 1,613 shares of the technology company's stock valued at $328,000 after purchasing an additional 367 shares during the last quarter. Freedom Day Solutions LLC grew its stake in Arista Networks by 6.4% during the 3rd quarter. Freedom Day Solutions LLC now owns 17,423 shares of the technology company's stock valued at $3,547,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Ayrshire Capital Management LLC grew its stake in Arista Networks by 35.9% during the 3rd quarter. Ayrshire Capital Management LLC now owns 29,764 shares of the technology company's stock valued at $6,060,000 after purchasing an additional 7,867 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the firm's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the transaction, the chief executive officer directly owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This represents a 2.66% decrease in their position. 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. Insiders have sold 3,584,116 shares of company stock valued at $733,396,013 over the last quarter. Corporate insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BNP Paribas Exane upgraded Arista Networks to a "strong-buy" rating in a report on Wednesday, October 14th. Truist Financial increased their target price on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. The Goldman Sachs Group reissued a "buy" rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Bank of America restated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Piper Sandler restated 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. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $233.20.

Arista Networks Price Performance

Arista Networks stock opened at $181.59 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The company has a fifty day moving average price of $197.98 and a two-hundred day moving average price of $175.58. The company has a market cap of $229.03 billion, a PE ratio of 57.28, a P/E/G ratio of 2.12 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping 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 company had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The firm's revenue 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. Equities research analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for high-density AI infrastructure with up to 144 accelerators per rack. The offering could help the company capture demand from cloud providers and “neocloud” operators seeking lower-cost, standards-based alternatives to proprietary interconnects. Is Open AI Rack Launch Altering the Investment Case for Arista Networks Stock?
• Positive Sentiment: Analysts and financial commentators expect another strong quarterly report on November 3. Arista is projected to generate approximately $3.3 billion in third-quarter revenue, representing about 44% year-over-year growth, supported by AI data-center networking demand. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target from $250 to $205. The revised target still implies approximately 12.9% upside from the referenced share price, suggesting the firm views the recent weakness as excessive relative to Arista’s growth outlook.

About Arista Networks

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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