Arista Networks, Inc. $ANET Holdings Increased by KRS Capital Management LLC

Key Points

• KRS Capital Management increased its Arista Networks stake by 226.4% in the third quarter, ending with 9,821 shares valued at approximately $2.0 million. Institutional investors and hedge funds collectively own 82.47% of ANET.
• Arista reported strong quarterly results, with revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, exceeding analysts’ $0.89 estimate. Analysts maintain a consensus “Buy” rating with an average price target of $235.45.
• Shares opened at $176.84, well below their 52-week high of $217.41, amid valuation concerns and insider selling. CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim sold shares under pre-arranged Rule 10b5-1 plans.

KRS Capital Management LLC grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 226.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,821 shares of the technology company's stock after acquiring an additional 6,812 shares during the period. Arista Networks comprises 0.9% of KRS Capital Management LLC's portfolio, making the stock its 21st largest holding. KRS Capital Management LLC's holdings in Arista Networks were worth $1,999,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Arista Networks by 159.4% in 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 purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Arista Networks by 34.6% in the 2nd 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 purchasing an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 valued at $1,635,978,000 after purchasing an additional 6,409,612 shares in the last quarter. Deutsche Bank AG increased its position in Arista Networks by 4.3% during 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 during the period. Finally, Amundi increased its position in Arista Networks by 5.7% during the 1st quarter. Amundi now owns 9,064,443 shares of the technology company's stock worth $1,112,932,000 after purchasing an additional 491,173 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Arista Networks Stock Down 4.7%

Shares of NYSE ANET opened at $176.84 on Friday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The firm has a 50-day moving average price of $198.46 and a 200 day moving average price of $174.34. The stock has a market capitalization of $223.03 billion, a price-to-earnings ratio of 55.78, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS 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 firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the firm earned $0.73 earnings per share. The firm'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. Equities research analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANET has been the subject of a number of analyst reports. Evercore reissued an "outperform" rating on shares of Arista Networks in a research note on Wednesday, October 7th. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Barclays restated an "overweight" rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup reaffirmed a "buy" rating and set a $248.00 price objective (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Finally, KeyCorp reiterated an "overweight" rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $235.45.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on 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 directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Company Profile

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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