Arista Networks, Inc. $ANET Shares Newly Purchased by Walker Asset Management LLC

Key Points

• Walker Asset Management purchased 5,297 Arista Networks shares worth approximately $1.08 million in the third quarter. Institutional investors collectively own 82.47% of the company.
• Analysts remain broadly bullish, with one Strong Buy, 20 Buy and two Hold ratings. Arista has a “Moderate Buy” consensus rating and an average price target of $235.45.
• Arista exceeded quarterly expectations with $1.02 in EPS and $3.04 billion in revenue, up 37.7% year over year. However, insiders sold roughly $740.8 million of stock last quarter, including significant sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim.

Walker Asset Management LLC purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,297 shares of the technology company's stock, valued at approximately $1,078,000.

Several other large investors also recently added to or reduced their stakes in ANET. Affinity Capital Advisors LLC boosted its holdings in Arista Networks by 1.4% in the 3rd quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company's stock worth $817,000 after buying an additional 53 shares during the period. Mechanics Bank Trust Department purchased a new position in Arista Networks during the 3rd quarter valued at about $875,000. Lineweaver Wealth Advisors LLC lifted its holdings in shares of Arista Networks by 3.8% in the third quarter. Lineweaver Wealth Advisors LLC now owns 9,240 shares of the technology company's stock worth $1,881,000 after buying an additional 336 shares in the last quarter. Forvis Mazars Wealth Advisors LLC bought a new position in Arista Networks in the 3rd quarter valued at $2,006,000. Finally, Accel Wealth Management grew its position in shares of Arista Networks by 337.3% during the 3rd quarter. Accel Wealth Management now owns 9,555 shares of the technology company's stock valued at $1,945,000 after purchasing an additional 7,370 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ANET. Morgan Stanley reiterated an "overweight" rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a research note on Monday, August 31st. They issued a "buy" rating and a $220.00 target price on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. UBS Group reaffirmed a "buy" rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Truist Financial lifted their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a report 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 assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $235.45.

Arista Networks Trading Down 3.1%

Shares of NYSE ANET opened at $204.34 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The firm has a market capitalization of $257.72 billion, a PE ratio of 64.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.60. The firm has a fifty day simple moving average of $198.89 and a two-hundred day simple moving average of $173.36.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The business's revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm's stock in a transaction dated 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 approximately $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,627,449 shares of company stock valued at $740,784,723 in the last quarter. 2.70% of the stock is owned by company insiders.

Arista Networks News Roundup

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 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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