Arista Networks, Inc. $ANET Stock Purchased by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC more than doubled its Arista Networks stake in the third quarter, increasing holdings by 119.1% to 34,807 shares valued at approximately $7.1 million. Institutional investors collectively own 82.47% of the company.
• Arista reported strong quarterly results, with revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, beating the $0.89 analyst consensus. The company also launched networking products targeting high-density AI infrastructure.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $235.45, although insiders—including CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim—sold shares under pre-arranged trading plans.

Krilogy Financial LLC boosted its holdings in Arista Networks, Inc. (NYSE:ANET - Free Report) by 119.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,807 shares of the technology company's stock after acquiring an additional 18,924 shares during the period. Krilogy Financial LLC's holdings in Arista Networks were worth $7,086,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Davidson Trust Co. purchased a new stake in shares of Arista Networks in the 3rd quarter valued at $3,512,000. Deutsche Bank AG grew its stake 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 worth $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in Arista Networks by 2,827.9% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock valued at $10,664,000 after purchasing an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new position in shares of Arista Networks in the 1st quarter valued at about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its position in shares of Arista Networks by 564.1% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company's stock worth $2,862,000 after buying an additional 14,310 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks 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 transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This trade represents a 0.17% 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 3,627,449 shares of company stock valued at $740,784,723 in the last 90 days. Insiders own 2.70% of the company's stock.

Key Arista Networks News

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

Wall Street Analyst Weigh In

ANET has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler reissued an "overweight" rating and issued a $240.00 target price (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Zacks Research cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Monday, October 5th. Morgan Stanley reissued an "overweight" rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 price target on shares of Arista Networks 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $235.45.

Arista Networks Stock Down 3.1%

Shares of ANET opened at $204.34 on Wednesday. The firm has a market cap of $257.72 billion, a price-to-earnings ratio of 64.46, a PEG ratio of 2.45 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The business's 50 day moving average is $198.89 and its two-hundred day moving average is $173.36.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS 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 company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $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, equities analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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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