Arista Networks, Inc. $ANET Shares Acquired by B. Riley Wealth Advisors Inc.

Key Points

• Institutional ownership increased: B. Riley Wealth Advisors expanded its Arista Networks position by 436.1% to 29,588 shares worth approximately $6.0 million. Hedge funds and other institutions own 82.47% of the company.
• Analysts remain bullish: Multiple firms raised or established price targets between $220 and $260, giving Arista a consensus “Moderate Buy” rating and an average target of $235.45.
• AI demand supports growth, but insiders sold shares: Arista reported 37.7% year-over-year revenue growth and launched networking products for large AI workloads, while its CEO and CFO sold shares under pre-arranged trading plans; insiders sold $740.8 million of stock last quarter.

B. Riley Wealth Advisors Inc. grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 436.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,588 shares of the technology company's stock after purchasing an additional 24,069 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Arista Networks were worth $6,024,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp raised its holdings 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 Arista Networks in the second quarter valued at $1,101,860,000. Envestnet Asset Management Inc. boosted its holdings in 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 valued at $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Arista Networks during the 2nd quarter worth about $537,736,000. Finally, Massachusetts Financial Services Co. MA grew its position in Arista Networks by 34.6% during the 2nd 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 period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on ANET. Needham & Company LLC reaffirmed a "buy" rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen lifted their price target on Arista Networks from $210.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a report on Monday, August 31st. They issued a "buy" rating and a $220.00 price target for the company. Citigroup restated 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, October 8th. Finally, Jefferies Financial Group set a $250.00 price objective on Arista Networks in a research report on Wednesday, August 5th. One 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

Insider Buying and Selling

In related news, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total value of $263,160.00. Following the sale, the chief financial officer directly owned 68,697 shares in the company, valued at approximately $14,769,855. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing 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 130,553 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the transaction, the chief executive officer directly owned 4,774,691 shares of the company's stock, valued at $1,036,585,416.10. The trade was a 2.66% 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. Insiders sold a total of 3,627,449 shares of company stock worth $740,784,723 in the last quarter. 2.70% of the stock is owned by insiders.

Key Stories Impacting 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 strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings

Arista Networks Price Performance

Shares of ANET stock opened at $204.34 on Wednesday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The company has a market cap of $257.72 billion, a price-to-earnings ratio of 64.46, a PEG ratio of 2.45 and a beta of 1.60. The stock has a 50 day simple moving average of $198.89 and a 200-day simple moving average of $173.36.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly 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 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 analysts' expectations of $2.83 billion. During the same quarter last year, the company earned $0.73 EPS. The firm's revenue for the quarter 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. Analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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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