Arista Networks, Inc. $ANET Stock Acquired by Goelzer Investment Management Inc.

Key Points

• Goelzer Investment Management increased its Arista Networks stake by 758.2% in the third quarter, ending with 221,537 shares valued at approximately $45.1 million. Institutional investors collectively own 82.47% of the company.
• Arista reported quarterly earnings of $1.02 per share, beating estimates of $0.89, while revenue rose 37.7% year over year to $3.04 billion. The stock opened at $176.84, down 4.7%, with a 12-month range of $114.52 to $217.41.
• Analysts remain broadly bullish, with the stock carrying an average “Buy” rating and a consensus price target of $235.45, although insiders sold roughly $740.8 million of shares during the quarter.

Goelzer Investment Management Inc. grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 758.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,537 shares of the technology company's stock after buying an additional 195,722 shares during the period. Arista Networks accounts for about 1.9% of Goelzer Investment Management Inc.'s investment portfolio, making the stock its 7th biggest holding. Goelzer Investment Management Inc.'s holdings in Arista Networks were worth $45,103,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in 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 in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Arista Networks by 34.6% during the second 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. grew its stake in shares of 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 worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock worth $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Arista Networks by 5.9% in the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company's stock valued at $1,433,951,000 after buying an additional 470,451 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Down 4.7%

Arista Networks stock opened at $176.84 on Friday. The stock has a market cap of $223.03 billion, a price-to-earnings ratio of 55.78, a price-to-earnings-growth ratio of 2.16 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The business has a 50 day moving average price of $198.46 and a two-hundred day moving average price of $174.34.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (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%. The business's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS. 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 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other news, insider Kenneth Duda sold 17,333 shares of the business's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider directly owned 12,976 shares of the company's stock, valued at $2,640,616. The trade was a 57.19% decrease in their position. 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, Director Mark Templeton sold 5,000 shares of the business's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares in the company, valued at approximately $9,893,551.70. This represents a 9.36% 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. In the last quarter, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANET. Truist Financial boosted 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. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Bank of America reissued a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. KeyCorp reaffirmed an "overweight" rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Barclays reaffirmed an "overweight" rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $235.45.

Trending Headlines about Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

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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