Arista Networks, Inc. $ANET Shares Newly Bought by Mitchell & Pahl Private Wealth LLC

Key Points

• Mitchell & Pahl Private Wealth LLC bought 53,799 Arista Networks shares worth approximately $11.0 million, making ANET its second-largest holding at 3.7% of the portfolio. Institutional investors collectively own 82.47% of the stock.
• Analysts remain broadly bullish, with 21 Buy or Strong Buy ratings and an average price target of $235.45. Arista also beat quarterly earnings and revenue estimates, reporting $1.02 EPS and $3.04 billion in revenue, up 37.7% year over year.
• ANET shares fell 4.6% to $195.11 amid elevated valuation concerns and insider selling, including substantial sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim under pre-arranged trading plans.

Mitchell & Pahl Private Wealth LLC purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 53,799 shares of the technology company's stock, valued at approximately $10,953,000. Arista Networks makes up 3.7% of Mitchell & Pahl Private Wealth LLC's investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp raised its stake in shares of Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock worth $20,606,975,000 after buying an additional 74,541,134 shares during the period. Jupiter Topco LLC acquired a new stake in Arista Networks in the 2nd quarter valued at $1,101,860,000. Envestnet Asset Management Inc. grew its stake 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 acquiring an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Arista Networks in the 2nd quarter valued at $537,736,000. Finally, Massachusetts Financial Services Co. MA increased 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 worth $1,712,788,000 after acquiring an additional 2,497,275 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ANET has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating and set a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities lifted their target price on shares of Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. Morgan Stanley reissued an "overweight" rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Citigroup reissued 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. One investment 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. Based on data from MarketBeat, Arista Networks currently has an average rating of "Moderate Buy" and an average target price of $235.45.

Arista Networks Stock Down 4.6%

Shares of NYSE ANET traded down $9.41 during midday trading on Wednesday, hitting $195.11. The stock had a trading volume of 5,940,030 shares, compared to its average volume of 7,869,406. The company has a market capitalization of $246.07 billion, a PE ratio of 61.55, a P/E/G ratio of 2.45 and a beta of 1.60. The stock has a 50 day simple moving average of $198.83 and a 200-day simple moving average of $173.87. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the company posted $0.73 earnings per share. 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. As a group, analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks 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 sale, the insider owned 181,143,048 shares of the company's stock, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at $3,297,589,536.82. The trade was 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 sold a total of 3,627,449 shares of company stock worth $740,784,723 in the last 90 days. 2.70% of the stock is currently owned by insiders.

Arista Networks News Summary

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

• Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The offering strengthens the company’s position in high-density AI infrastructure and could expand its long-term growth opportunity. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank maintained a Buy rating and slightly increased its EPS forecasts for Arista to $3.79 for fiscal 2026 and $4.74 for fiscal 2027. The modest revisions support the view that earnings growth remains intact.
• Positive Sentiment: A separate report highlighted a revenue outlook raised for the third time this year and a 2.7-fold increase in non-cancellable purchase commitments to $9.7 billion. If accurate, those commitments provide stronger revenue visibility, particularly from cloud and AI customers. Arista Networks Prospects and Earnings
• Neutral Sentiment: Long-term performance coverage noted the significant wealth creation generated by ANET over the past decade. While supportive of the company’s investment narrative, the retrospective analysis is unlikely to materially change near-term trading. If You Invested $1000 in Arista Networks 10 Years Ago
• Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million and 27,990 shares for about $6.1 million in transactions executed under a pre-arranged Rule 10b5-1 plan. Although she retained roughly 4.8 million shares, the repeated sales may encourage profit-taking concerns and add pressure after the stock’s strong run. Arista Networks CEO Sells Company Stock
• Negative Sentiment: ANET trades at a high earnings multiple, leaving the stock sensitive to profit-taking when momentum cools. Recent coverage also showed the shares falling more than the broader market, suggesting valuation and insider-sale headlines are outweighing otherwise favorable AI growth news in the near term. Arista Networks Registers a Bigger Fall Than the Market

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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