Arista Networks, Inc. $ANET Stock Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management increased its Arista Networks stake by 66,459.7% in the third quarter, ending with 44,595 shares valued at approximately $9.1 million. Institutional investors collectively own 82.47% of ANET.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $235.45. Several firms recently raised their targets, including Rosenblatt Securities to $280.
• Arista reported stronger-than-expected quarterly results, with $3.04 billion in revenue and $1.02 in EPS, while revenue grew 37.7% year over year. However, shares fell 3.1% to $204.34, and recent insider sales—including transactions by the CEO and a major shareholder—could weigh on sentiment.

Contravisory Investment Management Inc. grew its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 66,459.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,595 shares of the technology company's stock after acquiring an additional 44,528 shares during the period. Arista Networks comprises about 1.2% of Contravisory Investment Management Inc.'s holdings, making the stock its 26th biggest position. Contravisory Investment Management Inc.'s holdings in Arista Networks were worth $9,079,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ANET. State Street Corp increased its stake in Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings 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 worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the last quarter. Deutsche Bank AG boosted 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 worth $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Amundi boosted its position 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 purchasing an additional 491,173 shares in the last quarter. Hedge funds and other institutional investors 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 business's stock in a transaction on Wednesday, August 5th. The stock was 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 of the company's stock, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the company's stock in a transaction 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 in the company, valued at $3,297,589,536.82. This represents a 4.47% 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. Insiders have sold 3,468,906 shares of company stock valued at $706,366,437 in the last three months. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ANET has been the topic of several research reports. Rosenblatt Securities upped their target price on Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Truist Financial raised their price target on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. TD Cowen boosted their price objective on shares of Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Evercore reiterated an "outperform" rating on shares of Arista Networks in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $235.45.

More Arista Networks News

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

• Positive Sentiment: Erste Group Bank maintained a Buy rating and modestly raised its EPS forecasts for Arista Networks to $3.79 for fiscal 2026 and $4.74 for fiscal 2027. The increases suggest continued confidence in earnings growth, although the revisions were minimal.
• Positive Sentiment: A separate outlook highlighted that Arista has raised its revenue expectations multiple times this year. Non-cancellable purchase commitments reportedly increased 2.7 times to $9.7 billion, indicating strong customer demand and future visibility. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s strong year-to-date performance relative to other computer and technology stocks reinforces its growth appeal, but it may also leave the shares vulnerable to valuation-driven profit-taking. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
• Negative Sentiment: Arista’s June-quarter filing showed $6.866 billion in deferred revenue. While this reflects cash collected for services or products to be recognized later, investors may question how much of the company’s reported cash generation represents sustainable operating growth rather than timing-related benefits. Arista Has $6.9 Billion in Deferred Revenue
• Negative Sentiment: Chief Executive Officer Jayshree Ullal reportedly sold approximately $21.1 million of ANET stock. Insider selling does not necessarily signal deteriorating fundamentals, but the sizable transaction can weigh on sentiment, particularly after a strong rally. Insider Selling: Arista Networks CEO Sells Stock

Arista Networks Stock Down 3.1%

Shares of Arista Networks stock traded down $6.54 during trading on Tuesday, hitting $204.34. 7,980,932 shares of the company were exchanged, compared to its average volume of 7,879,242. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The stock has a market capitalization of $257.72 billion, a price-to-earnings ratio of 64.46, a P/E/G ratio of 2.52 and a beta of 1.60. The firm has a 50 day moving average price of $198.62 and a 200 day moving average price of $172.87.

Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (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 analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. Arista Networks's revenue was up 37.7% on a year-over-year basis. 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. Analysts predict that Arista Networks, Inc. will post 3.78 earnings per share for the current year.

Arista Networks Company 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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