90,033 Shares of Arista Networks, Inc. $ANET Acquired by BOS Asset Management LLC

Key Points

• BOS Asset Management acquired 90,033 Arista Networks shares worth approximately $18.3 million, making ANET its third-largest holding at 4.2% of the portfolio. Institutional investors collectively own 82.47% of the company.
• Arista reported strong quarterly results, with revenue up 37.7% year over year to $3.04 billion and EPS of $1.02 versus the $0.89 consensus estimate. The company guided for third-quarter 2026 EPS of $1.06–$1.08.
• Wall Street remains broadly bullish, with a “Moderate Buy” consensus and a $235.45 average price target, while shares recently traded near their 52-week high. However, elevated valuation and substantial insider selling represent risks for investors.

BOS Asset Management LLC bought a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 90,033 shares of the technology company's stock, valued at approximately $18,330,000. Arista Networks accounts for about 4.2% of BOS Asset Management LLC's investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Graves Light Lenhart Wealth Inc. purchased a new stake in Arista Networks in the 3rd quarter valued at about $1,060,000. Hummer Financial Advisory Services Inc purchased a new position in shares of Arista Networks in the 3rd quarter worth approximately $1,620,000. Breakwater Capital Group grew its holdings in shares of Arista Networks by 9.5% in the third quarter. Breakwater Capital Group now owns 5,046 shares of the technology company's stock valued at $1,027,000 after acquiring an additional 437 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Arista Networks by 284.2% during the third quarter. Legacy Wealth Asset Management LLC now owns 30,708 shares of the technology company's stock valued at $6,252,000 after acquiring an additional 22,715 shares during the last quarter. Finally, LifeGoal Investments LLC purchased a new stake in shares of Arista Networks during the third quarter valued at approximately $272,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

Shares of NYSE ANET traded up $5.68 during trading on Friday, reaching $216.65. 1,680,941 shares of the stock traded hands, compared to its average volume of 7,887,551. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.32. The company has a 50-day moving average of $197.40 and a 200-day moving average of $171.74. The stock has a market capitalization of $273.24 billion, a P/E ratio of 68.40, a price-to-earnings-growth ratio of 2.54 and a beta of 1.60.

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 company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total value of $3,527,265.50. Following the completion of the transaction, the insider directly owned 12,976 shares of the company's stock, valued at approximately $2,640,616. This trade represents a 57.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total transaction of $263,160.00. Following the completion of the transaction, the chief financial officer owned 68,697 shares of the company's stock, valued at $14,769,855. This represents a 1.75% 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 sold a total of 3,371,914 shares of company stock worth $685,305,594 in the last ninety days. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ANET. Needham & Company LLC restated a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on shares of Arista Networks in a report on Wednesday, September 30th. They issued an "outperform" rating and a $250.00 price target on the stock. Truist Financial increased their price target on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. KeyCorp restated an "overweight" rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Citigroup reaffirmed 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. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks has a consensus rating of "Moderate Buy" and a consensus target price of $235.45.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Arista introduced Ethernet solutions for high-density AI infrastructure supporting both scale-up and scale-out architectures, liquid-cooled racks and enhanced resiliency. The portfolio could broaden Arista’s addressable market as hyperscalers seek open, interoperable alternatives for AI networking. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investor commentary continues to identify ANET as a potential beneficiary of accelerating AI infrastructure spending. Strong execution, rising hyperscaler demand and the company’s Ethernet positioning are supporting the bullish view. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Positive Sentiment: Recent quarterly results reinforce the growth story: revenue rose 37.7% year over year to approximately $3.04 billion, exceeding expectations, while earnings also beat consensus. Management’s upcoming-quarter EPS guidance of $1.06 to $1.08 indicates continued confidence.
• Neutral Sentiment: Analyst sentiment remains broadly favorable, with a consensus “Moderate Buy” rating and an average price target above the current trading level. However, the stock’s rapid year-to-date advance means expectations are already elevated.
• Negative Sentiment: Valuation and execution risks could limit further upside. A forward-looking premium valuation, customer concentration and possible margin pressure leave the shares vulnerable if AI networking growth slows or fails to meet aggressive expectations. Arista Stock Rises 64.7% YTD: Is There More Upside Ahead?
• Negative Sentiment: CEO Jayshree Ullal sold 460,374 shares, while CFO Chantelle Breithaupt sold 1,224 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, which reduces their significance as a bearish signal, and both executives retain substantial holdings. Arista Networks Insider Selling

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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