Arista Networks, Inc. $ANET Shares Newly Purchased by McGlone Suttner Wealth Management Inc.

Key Points

• McGlone Suttner Wealth Management purchased 19,913 Arista Networks shares worth approximately $4.05 million, while institutional investors collectively own 82.47% of the company.
• Insiders have been selling shares, including CEO Jayshree Ullal’s $154.3 million sale and major shareholder Andreas Bechtolsheim’s $61.0 million sale; insiders sold $706.4 million worth of stock over the past 90 days.
• Arista reported strong quarterly results, with revenue up 37.7% year over year and EPS beating estimates. Analysts maintain a Moderate Buy consensus with a $235.45 target, although the stock trades at a high P/E of 64.25 and recently fell 3.3% to $203.82.

McGlone Suttner Wealth Management Inc. acquired a new position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,913 shares of the technology company's stock, valued at approximately $4,054,000. Arista Networks makes up about 0.5% of McGlone Suttner Wealth Management Inc.'s portfolio, making the stock its 26th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of ANET. ABS Investment Management LLC bought a new position in shares of Arista Networks during the second quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth approximately $29,000. Kelleher Financial Advisors bought a new stake in shares of Arista Networks in the 2nd quarter worth approximately $31,000. Cornerstone Financial Management LLC boosted its position in shares of Arista Networks by 61.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company's stock worth $31,000 after purchasing an additional 70 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in shares of Arista Networks in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 767,029 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $60,990,000.00. Following the sale, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% 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 90 days, insiders sold 3,468,906 shares of company stock valued at $706,366,437. 2.70% of the stock is owned by company insiders.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, maintaining a “Buy” rating. The revisions are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Strong demand outlook: Arista’s revenue outlook has reportedly been raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion. These commitments suggest substantial future demand, particularly for AI and data-center networking equipment. Arista Networks Prospects and Earnings
• Neutral Sentiment: Relative performance remains a focus: Market commentary is examining whether Arista has outperformed other computer and technology stocks this year, reflecting the stock’s strong long-term momentum but also heightened expectations. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
• Negative Sentiment: Deferred revenue complicates the cash-flow picture: Arista reported $6.866 billion of deferred revenue. Although the balance reflects customer cash collected in advance and supports future revenue recognition, investors may question how much reported cash flow is being driven by timing rather than current-period sales. Arista Has $6.9 Billion in Deferred Revenue
• Negative Sentiment: Insider selling adds pressure: Arista’s CEO reportedly sold approximately $21.1 million of stock. While insider sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment when the shares trade at elevated valuation levels.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ANET shares. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a research report on Monday, August 31st. They set a "buy" rating and a $220.00 price objective for the company. KeyCorp reiterated an "overweight" rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Needham & Company LLC reissued a "buy" rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Bank of America reissued a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

Arista Networks Stock Down 3.3%

Shares of NYSE ANET traded down $7.06 during midday trading on Tuesday, hitting $203.82. The stock had a trading volume of 4,562,398 shares, compared to its average volume of 7,860,363. The business's 50 day moving average is $198.62 and its 200-day moving average is $172.87. The company has a market cap of $257.07 billion, a P/E ratio of 64.25, 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.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. 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 3.78 EPS for the current fiscal year.

About Arista Networks

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.

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.