Accel Wealth Management Buys 7,370 Shares of Arista Networks, Inc. $ANET

Key Points

• Accel Wealth Management increased its Arista Networks stake by 337.3% in the third quarter, purchasing 7,370 additional shares for a total holding valued at approximately $1.945 million. Institutional investors collectively own 82.47% of ANET.
• Arista reported quarterly revenue of $3.04 billion and EPS of $1.02, exceeding analyst expectations, while revenue rose 37.7% year over year. Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $235.45.
• Despite strong growth prospects, shares fell 3.1% to $204.34 and trade at a high P/E ratio of 64.46. Recent insider sales—including substantial transactions by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim—could weigh on investor sentiment.

Accel Wealth Management lifted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 337.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,555 shares of the technology company's stock after buying an additional 7,370 shares during the quarter. Accel Wealth Management's holdings in Arista Networks were worth $1,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ANET. State Street Corp raised its position in Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in 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 valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. boosted its position in Arista Networks by 199.0% in the 2nd 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 in the last quarter. Deutsche Bank AG boosted its position in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Arista Networks by 5.9% during the 2nd quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company's stock worth $1,433,951,000 after purchasing an additional 470,451 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Down 3.1%

Shares of Arista Networks stock traded down $6.54 on Tuesday, reaching $204.34. The company's stock had a trading volume of 7,980,932 shares, compared to its average volume of 7,879,242. The company has a market capitalization of $257.72 billion, a P/E ratio of 64.46, a PEG ratio of 2.52 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The stock has a 50-day moving average price of $198.89 and a 200-day moving average price of $173.36.

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, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the firm posted $0.73 EPS. The business's revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.78 earnings per share for the current fiscal year.

Arista Networks News Summary

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

• Positive Sentiment: Erste Group Bank maintained a Buy rating and modestly raised its EPS forecasts for Arista Networks to $3.79 for fiscal 2026 and $4.74 for fiscal 2027. The increases suggest continued confidence in earnings growth, although the revisions were minimal.
• Positive Sentiment: A separate outlook highlighted that Arista has raised its revenue expectations multiple times this year. Non-cancellable purchase commitments reportedly increased 2.7 times to $9.7 billion, indicating strong customer demand and future visibility. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s strong year-to-date performance relative to other computer and technology stocks reinforces its growth appeal, but it may also leave the shares vulnerable to valuation-driven profit-taking. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
• Negative Sentiment: Arista’s June-quarter filing showed $6.866 billion in deferred revenue. While this reflects cash collected for services or products to be recognized later, investors may question how much of the company’s reported cash generation represents sustainable operating growth rather than timing-related benefits. Arista Has $6.9 Billion in Deferred Revenue
• Negative Sentiment: Chief Executive Officer Jayshree Ullal reportedly sold approximately $21.1 million of ANET stock. Insider selling does not necessarily signal deteriorating fundamentals, but the sizable transaction can weigh on sentiment, particularly after a strong rally. Insider Selling: Arista Networks CEO Sells Stock

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ANET shares. TD Cowen lifted their target price on shares of Arista Networks from $210.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. 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 report on Wednesday, August 5th. Bank of America reaffirmed a "buy" rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $235.45.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This trade represents a 4.47% 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 3,468,906 shares of company stock valued at $706,366,437 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Arista Networks 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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