8,916 Shares in Arista Networks, Inc. $ANET Purchased by Kellett Wealth Advisors LLC

Kellett Wealth Advisors LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,916 shares of the technology company's stock, valued at approximately $1,815,000. Arista Networks accounts for 0.7% of Kellett Wealth Advisors LLC's portfolio, making the stock its 27th biggest holding.

Several other hedge funds also recently bought and sold shares of ANET. State Street Corp lifted its position in shares of Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Jupiter Topco LLC purchased a new stake in shares of Arista Networks during the second quarter valued at $1,101,860,000. Envestnet Asset Management Inc. grew its holdings in shares of Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Arista Networks in the second quarter worth about $537,736,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Arista Networks in a report on Monday, August 31st. They set a "buy" rating and a $220.00 price objective for the company. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. TD Cowen raised their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Zacks Research lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $235.45.

Arista Networks Stock Performance

NYSE ANET opened at $195.11 on Thursday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The company has a market capitalization of $246.07 billion, a price-to-earnings ratio of 61.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60. The company's 50-day simple moving average is $198.83 and its two-hundred day simple moving average is $173.87.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results 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. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.83 billion. The company's revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch reinforces the company’s position in AI networking and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank modestly raised its FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 forecast to $4.74 from $4.73, while maintaining a Buy rating. The revisions suggest continued confidence in Arista’s earnings growth.
• Positive Sentiment: A separate report said Arista’s revenue outlook was raised for the third time this year and non-cancellable purchase commitments climbed 2.7 times to $9.7 billion. If accurate, the commitments provide stronger visibility into future demand. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s previous quarterly results exceeded expectations, with revenue up 37.7% year over year and EPS of $1.02 versus the $0.89 consensus. However, the stock trades at a high earnings multiple, leaving less room for disappointment.
• Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million and another 27,990 shares for about $6.1 million. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and Ullal still owns roughly 4.8 million shares, which reduces—but does not eliminate—the negative signal from the sales.
• Negative Sentiment: The stock recently declined more than the broader market after gaining about 58% year to date and reaching near its 52-week high. The move appears consistent with profit-taking and valuation concerns rather than a reported deterioration in Arista’s business outlook. Arista Networks Registers a Bigger Fall Than the Market

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction on 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 directly owned 12,976 shares in the company, valued at approximately $2,640,616. This trade represents a 57.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares of the company's stock, valued at approximately $9,893,551.70. The trade was a 9.36% 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. Insiders have sold 3,627,449 shares of company stock valued at $740,784,723 over the last 90 days. Insiders own 2.70% of the company's stock.

About Arista Networks

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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