Arista Networks, Inc. $ANET Shares Purchased by Toth Financial Advisory Corp

Key Points

• Toth Financial Advisory increased its Arista Networks stake by 281.7% in the third quarter, bringing its holdings to 7,596 shares valued at approximately $1.47 million. Institutional investors collectively own 82.47% of ANET.
• Arista reported strong quarterly results, with revenue up 37.7% year over year to $3.04 billion and EPS of $1.02, beating analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $231.70.
• Insiders have been selling shares: executives sold approximately 3.14 million shares worth $631.3 million over the past 90 days. The stock trades near its 52-week high at a valuation of roughly 66 times earnings, while Zacks recently downgraded it to “Hold.”

Toth Financial Advisory Corp grew its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 281.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,596 shares of the technology company's stock after purchasing an additional 5,606 shares during the quarter. Toth Financial Advisory Corp's holdings in Arista Networks were worth $1,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of 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 during the period. Envestnet Asset Management Inc. increased its position in shares of 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 buying an additional 6,409,612 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Arista Networks by 5.9% during the 2nd quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company's stock worth $1,433,951,000 after purchasing an additional 470,451 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares of the company's stock, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the sale, the insider directly owned 462,400 shares of the company's stock, valued at approximately $78,843,824. The trade was a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,144,894 shares of company stock valued at $631,310,023. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Zacks Research lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday. Rosenblatt Securities upped their price objective on shares of Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Evercore reiterated an "outperform" rating on shares of Arista Networks in a report on Wednesday. Truist Financial boosted their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Morgan Stanley reaffirmed 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.70.

Arista Networks Stock Performance

Shares of NYSE:ANET traded down $5.19 during trading on Thursday, reaching $210.64. 1,949,978 shares of the stock were exchanged, compared to its average volume of 7,904,329. The firm's 50-day moving average price is $196.59 and its 200 day moving average price is $171.18. The firm has a market cap of $265.67 billion, a price-to-earnings ratio of 66.14, a price-to-earnings-growth ratio of 2.53 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.32.

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 the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current year.

Key Arista Networks News

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

• Positive Sentiment: New AI networking portfolio strengthens growth outlook. Arista launched open Ethernet rack-scale architectures for high-density AI infrastructure, including scale-up and scale-out networking, liquid-cooled systems, and support for large accelerator clusters. The portfolio was developed with major partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm, potentially positioning Arista to benefit as hyperscalers seek alternatives to proprietary interconnects such as NVIDIA’s InfiniBand. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investors and fund managers remain constructive on Arista’s AI opportunity. Recent investment commentary describes the company as a potential key beneficiary of AI infrastructure spending, citing solid execution, a clearer path to AI monetization and raised guidance. The stock has also recently benefited from broad demand for AI networking equipment. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Positive Sentiment: Recent operating performance supports the bullish thesis. Arista’s latest reported quarter exceeded consensus expectations, with revenue of approximately $3.04 billion, year-over-year growth of 37.7%, and EPS of $1.02 versus an estimated $0.89. Management’s next-quarter EPS outlook of $1.06-$1.08 indicates continued momentum ahead of the company’s November 3 earnings release. Arista Networks to Announce Q3 2026 Financial Results
• Neutral Sentiment: The stock recently reached a new 52-week high before retreating. Strong AI enthusiasm and buying among technology stocks pushed ANET to record levels, but the subsequent decline reflects normal profit-taking and increased sensitivity to market conditions. Arista Networks Reaches a Fresh 52-Week High
• Negative Sentiment: Valuation and a Zacks downgrade are near-term headwinds. Zacks Research lowered Arista from “strong buy” to “hold.” With the shares trading at roughly 67 times earnings, investors may be demanding sustained, above-market growth, leaving the stock vulnerable to profit-taking, higher interest rates and any signs of slowing AI spending. Arista Networks Stock Rating Lowered by Zacks Research

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.

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