Bamco Inc. NY Purchases New Position in Arista Networks, Inc. $ANET

Key Points

• Bamco Inc. NY initiated a new stake of 97,965 shares in Arista (~$14.27M) during Q3, while institutional investors now own 82.47% of the company.
• Company insiders have been net sellers — Kenneth Duda sold 32,000 shares at $142.44 and insiders sold 196,237 shares (~$25.9M) over the last quarter, leaving insiders with 3.54% ownership.
• Arista beat estimates with $0.82 EPS and $2.49B revenue (up 28.9% YoY), management guides to ~$11B revenue in 2026, and analysts hold a consensus “Moderate Buy” with a $176.47 target, supporting an AI-driven growth thesis.

Bamco Inc. NY purchased a new stake in Arista Networks, Inc. (NYSE:ANET - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,965 shares of the technology company's stock, valued at approximately $14,274,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Walkner Condon Financial Advisors LLC grew its position in shares of Arista Networks by 0.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company's stock valued at $2,697,000 after buying an additional 70 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock worth $29,000 after acquiring an additional 72 shares in the last quarter. Crown Wealth Group LLC lifted its position in Arista Networks by 2.4% in the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock valued at $463,000 after acquiring an additional 75 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Arista Networks by 1.8% in the third quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company's stock valued at $616,000 after acquiring an additional 76 shares during the last quarter. Finally, West Family Investments Inc. boosted its stake in Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company's stock valued at $1,219,000 after acquiring an additional 76 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Insider Buying and Selling

In other news, insider Kenneth Duda sold 32,000 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $142.44, for a total value of $4,558,080.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at $1,848,301.44. This trade represents a 71.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 1,815 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $132.44, for a total transaction of $240,378.60. Following the completion of the transaction, the director owned 12,574 shares of the company's stock, valued at $1,665,300.56. This represents a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 196,237 shares of company stock valued at $25,865,760 over the last quarter. Company insiders own 3.54% of the company's stock.

Arista Networks Trading Down 0.3%

Shares of ANET opened at $133.67 on Monday. The stock's 50 day moving average is $134.86 and its two-hundred day moving average is $137.35. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The firm has a market capitalization of $167.96 billion, a PE ratio of 48.43, a P/E/G ratio of 2.37 and a beta of 1.46.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.07. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company's revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ANET shares. Barclays reaffirmed an "overweight" rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a report on Friday, February 13th. Piper Sandler reissued an "overweight" rating and issued a $175.00 target price (up from $159.00) on shares of Arista Networks in a research report on Friday, February 13th. Weiss Ratings restated a "hold (c+)" rating on shares of Arista Networks in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $188.00 price target (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Evercore reiterated an "outperform" rating and issued a $200.00 price objective on shares of Arista Networks in a research note on Friday, February 13th. Eighteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.47.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista launched the XPO multi-source agreement and a 12.8 Tbps liquid‑cooled pluggable optics module that boosts rack density ~4x — this product is explicitly targeted at hyperscale AI data centers and could expand Arista’s addressable market and hardware ASPs. Arista Announces XPO High Density Liquid Cooled Pluggable Optics
• Positive Sentiment: CEO guidance and management commentary point to faster top‑line growth — management expects ~ $11B revenue in 2026 (vs ~$9B in 2025), reinforcing the AI-driven demand narrative. Arista (ANET) to Hit $11B in 2026 Revenues, $2B More Than 2025, Says CEO
• Positive Sentiment: Broker activity has turned constructive — TD Cowen initiated coverage with a Buy and $170 PT, and some outlets upgraded the stock citing accelerating AI networking demand and durable hyperscaler commitments. Those actions support upside vs. current levels. TD Cowen initiates Arista, Coherent and Ciena at buy
• Positive Sentiment: Independent upgrades highlight the stock’s breakout potential as valuation has contracted and FY2026 revenue is guided above ~25%, reinforcing the bullish case for longer-term multiple expansion if execution continues. Arista Networks: All Ready To Storm To New Highs (Upgrade)
• Neutral Sentiment: Technically, ANET is trading near its 50‑day moving average inside a base and is listed as an IBD Sector Leader — constructive technicals but not yet a confirmed breakout. Arista Holds Near Key Level As Outlook Brightens
• Negative Sentiment: Shares have pulled back and shown intraday weakness in recent sessions — short‑term volatility and profit‑taking are pressuring the stock despite positive headlines. Arista Networks (ANET) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Analysts note supply constraints and some gross‑margin pressure that could limit near‑term revenue upside despite strong bookings — a risk to quarterly cadence even as the multi‑year AI opportunity remains intact. Arista Networks: Why A Breakout Seems Likely (Rating Upgrade)

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.

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