Arista Networks, Inc. $ANET Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors reduced its Arista Networks stake by 17% in the third quarter, selling 17,633 shares and retaining 86,261 shares valued at approximately $17.6 million.
• Institutional investors own 82.47% of ANET, while insiders sold about $733.4 million of stock over the past 90 days, including significant sales by CEO Jayshree Ullal and shareholder Andreas Bechtolsheim under pre-arranged trading plans.
• Analysts remain broadly bullish, with a consensus “Buy” rating and a $233.20 price target. Arista recently exceeded earnings and revenue expectations, although the stock’s premium valuation and recent decline could increase volatility.

Prime Capital Investment Advisors LLC lowered its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 17.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,261 shares of the technology company's stock after selling 17,633 shares during the period. Prime Capital Investment Advisors LLC's holdings in Arista Networks were worth $17,562,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ANET. State Street Corp raised its position in shares of Arista Networks by 159.4% in 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. Massachusetts Financial Services Co. MA boosted its holdings in Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Arista Networks by 199.0% during 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 acquiring an additional 6,409,612 shares during the period. Deutsche Bank AG grew its position in Arista Networks by 4.3% during 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 acquiring an additional 388,354 shares during the period. Finally, Amundi increased its stake in Arista Networks by 5.7% during the first quarter. Amundi now owns 9,064,443 shares of the technology company's stock worth $1,112,932,000 after acquiring an additional 491,173 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company's 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 completion of the transaction, the insider directly 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were 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 approximately $3,297,589,536.82. The trade was a 4.47% 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. Insiders sold 3,584,116 shares of company stock valued at $733,396,013 over the last 90 days. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANET shares. Evercore restated an "outperform" rating on shares of Arista Networks in a report on Wednesday, October 7th. Rosenblatt Securities lifted their price objective on Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Wells Fargo & Company reiterated an "overweight" rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Finally, Bank of America reaffirmed a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Arista Networks presently has an average rating of "Buy" and a consensus price target of $233.20.

Arista Networks Price Performance

Arista Networks stock traded down $2.00 during midday trading on Tuesday, hitting $180.94. 2,531,825 shares of the company were exchanged, compared to its average volume of 7,841,850. The company's fifty day moving average price is $198.29 and its 200-day moving average price is $175.18. The company has a market cap of $228.21 billion, a PE ratio of 57.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41.

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, 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 during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the business earned $0.73 EPS. Arista Networks's quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Key Arista Networks News

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for AI infrastructure with up to 144 accelerators per rack, liquid cooling and standards-based connectivity. The offering could help Arista compete for AI data-center spending as cloud operators seek lower cost per token and alternatives to proprietary interconnects. Is Open AI Rack Launch Altering The Investment Case For Arista Networks Stock?
• Positive Sentiment: Networking and optical hardware stocks recently benefited from a broader technology rebound, with investors favoring suppliers that enable AI data-center expansion. Networking Stocks Rally as Tech Rebound Lifts AI Gear Makers
• Positive Sentiment: Analysts expect another strong quarterly report on November 3, supported by Arista’s role in reducing data-center networking bottlenecks and its recent earnings momentum. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating despite lowering its price target from $250 to $205, implying continued confidence in Arista’s long-term prospects.
• Neutral Sentiment: Arista’s shares have fallen sharply from their record, but long-term bullish estimates remain well above current levels. One analysis cites a roughly $245 Wall Street target and a potential $463 mid-case target by 2030, though those projections are highly sensitive to sustained AI growth. Arista Networks Stock Fell 18% From Its Record in One Week
• Negative Sentiment: Valuation remains a key pressure point: ANET trades at roughly 55 times trailing earnings, well above the S&P 500’s multiple. Investors are demanding years of rapid profit growth, increasing the risk of further volatility if results or guidance disappoint. Arista Networks Is Outgrowing the Market Fourfold
• Negative Sentiment: The recent decline has been attributed largely to broad AI-sector sentiment, while the stock still trades at approximately 42–43 times forward earnings. That premium leaves ANET vulnerable to additional selling even if revenue growth remains strong. Arista Networks’ Share Price Slump: To Buy Or Not To Buy

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company's products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista's portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

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