Avidian Wealth Enterprises LLC Buys 20,364 Shares of Arista Networks, Inc. $ANET

Key Points

• Avidian Wealth Enterprises increased its Arista Networks stake by 296.3% in the third quarter, purchasing 20,364 additional shares for a total of 27,236 shares valued at approximately $5.5 million. Institutional investors collectively own 82.47% of the company.
• Arista reported strong operating results, with quarterly revenue rising 37.7% year over year to $3.04 billion and EPS of $1.02, beating consensus estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $231.70.
• Insider selling and elevated valuation remain risks: insiders sold roughly $631.3 million of stock over the past 90 days, while shares trade at about 67 times earnings despite strong AI-networking growth prospects.

Avidian Wealth Enterprises LLC grew its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 296.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,236 shares of the technology company's stock after buying an additional 20,364 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Arista Networks were worth $5,545,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Deutsche Bank AG raised 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 valued at $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Arista Networks by 2,827.9% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock worth $10,664,000 after acquiring an additional 50,592 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in shares of Arista Networks in the 1st quarter valued at approximately $5,279,000. Whitaker Myers Wealth Managers LTD. lifted its holdings in Arista Networks by 564.1% during the 2nd 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 during the last quarter. Finally, Nilsine Partners LLC lifted its stake in Arista Networks by 521.6% during the second quarter. Nilsine Partners LLC now owns 32,657 shares of the technology company's stock worth $5,548,000 after purchasing an additional 27,403 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the sale, the insider owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a filing 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, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the sale, the insider owned 12,976 shares in the company, valued at $2,640,616. This represents a 57.19% decrease in their position. 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 have sold 3,144,894 shares of company stock valued at $631,310,023 in the last 90 days. 2.70% of the stock is owned by corporate insiders.

Arista Networks Stock Down 1.5%

Shares of ANET traded down $3.21 during mid-day trading on Thursday, hitting $212.62. The company had a trading volume of 2,300,145 shares, compared to its average volume of 7,904,759. The business's 50-day simple moving average is $196.59 and its 200-day simple moving average is $171.18. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.32. The stock has a market cap of $268.16 billion, a PE ratio of 66.97, a P/E/G ratio of 2.53 and a beta of 1.60.

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 for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business earned $0.73 EPS. Arista Networks's revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ANET. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a "buy" rating and a $220.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Rosenblatt Securities boosted their target price 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. Finally, Piper Sandler reissued an "overweight" rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $231.70.

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.

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.