Arista Networks, Inc. $ANET Shares Newly Bought by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors initiated a position in Arista Networks during the third quarter, purchasing 9,853 shares valued at approximately $2.0 million. Institutional investors collectively own 82.47% of the company.
• Arista reported strong quarterly results, with revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, beating analyst expectations. The company also raised its AI infrastructure outlook, including an open Ethernet rack-scale portfolio and higher revenue guidance.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $235.45 versus the stock’s $204.34 price. However, insiders sold approximately $740.8 million of shares over the past 90 days.

Forvis Mazars Wealth Advisors 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 filing with the Securities and Exchange Commission (SEC). The firm bought 9,853 shares of the technology company's stock, valued at approximately $2,006,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ANET. Main Street Group LTD purchased a new position in Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the 4th quarter valued at approximately $27,000. ABS Investment Management LLC purchased a new stake in Arista Networks during the 2nd quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks during the second quarter valued at approximately $29,000. Finally, Hilton Head Capital Partners LLC raised its position in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company's stock valued at $30,000 after buying an additional 159 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares of the company's stock, valued at approximately $35,919,039,399.60. 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm's stock in a transaction on Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction 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 ownership of the stock. 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. Over the last ninety days, insiders sold 3,627,449 shares of company stock worth $740,784,723. Company insiders own 2.70% of the company's stock.

Arista Networks Trading Down 3.1%

NYSE:ANET opened at $204.34 on Wednesday. The business's 50-day moving average is $198.89 and its 200 day moving average is $173.36. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The company has a market capitalization of $257.72 billion, a P/E ratio of 64.46, a P/E/G ratio of 2.45 and a beta of 1.60.

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 for the quarter, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Arista Networks News Summary

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ANET shares. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Bank of America reaffirmed a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup reaffirmed a "buy" rating and set a $248.00 target price (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. UBS Group reiterated a "buy" rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Rosenblatt Securities boosted their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $235.45.

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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