Epiq Partners LLC Purchases 6,313 Shares of Arista Networks, Inc. $ANET

Key Points

• Epiq Partners LLC purchased 6,313 Arista Networks shares worth approximately $1.285 million, while institutional investors collectively own 82.47% of the company.
• Arista reported strong quarterly results, with revenue up 37.7% year over year to $3.04 billion and EPS of $1.02, beating analyst estimates. The company guided for third-quarter EPS of $1.06–$1.08.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $231.70 price target, although Zacks downgraded the stock to “Hold.” Insiders sold approximately $676.9 million of shares over the last quarter.

Epiq Partners LLC purchased a new position in Arista Networks, Inc. (NYSE:ANET - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,313 shares of the technology company's stock, valued at approximately $1,285,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in Arista Networks by 159.4% during 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 lifted its stake in shares of Arista Networks by 34.6% in 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 buying an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of 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 valued at $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Arista Networks by 3.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company's stock valued at $1,248,570,000 after acquiring an additional 287,385 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in 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 acquiring an additional 388,354 shares during the last quarter. Institutional investors own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider owned 12,976 shares of the company's stock, valued at approximately $2,640,616. This trade represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total transaction of $119,811.24. Following the sale, the chief financial officer directly owned 69,921 shares of the company's stock, valued at approximately $13,688,434.17. This represents a 0.87% 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. Over the last quarter, insiders sold 3,387,316 shares of company stock worth $676,926,570. 2.70% of the stock is owned by corporate insiders.

More Arista Networks News

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

• Positive Sentiment: Arista announced an open Ethernet rack-scale portfolio for high-density AI infrastructure, supporting both scale-up and scale-out networks. The liquid-cooled architectures, resiliency features and open-standards approach position the company to benefit from rising demand for AI data-center connectivity. Arista is collaborating with AMD, Arm, Broadcom, Meta, Microsoft, Qualcomm and other technology partners. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: ClearBridge Investments highlighted Arista as an AI-infrastructure company with a clearer path to monetization, citing solid execution and raised guidance. The view reinforces investor confidence following the company’s recent earnings beat and strong demand environment. Arista Networks Outperforms AI Infrastructure Peers
• Positive Sentiment: Arista was among the AI stocks leading market buying, while AI-networking demand also lifted related companies. The stock recently reached a fresh 52-week high, signaling strong momentum and investor interest. Arista Networks Reaches a Fresh 52-Week High
• Positive Sentiment: Bernstein initiated coverage with an “Outperform” rating, adding to a generally bullish analyst backdrop. The company’s latest reported quarter included revenue growth of 37.7% year over year and an EPS beat, while third-quarter guidance calls for EPS of $1.06 to $1.08.
• Neutral Sentiment: Arista will report third-quarter 2026 results after the market closes on November 3. The announcement provides a forthcoming catalyst, with investors likely focused on AI-related demand, customer spending and whether guidance is raised. Arista Networks Q3 2026 Results Date
• Negative Sentiment: Zacks Research downgraded Arista from “Strong Buy” to “Hold,” creating a modest counterweight to the broader positive analyst sentiment. The stock’s elevated valuation also leaves it sensitive to any slowdown in AI infrastructure spending or disappointing guidance.
• Neutral Sentiment: Director Mark Templeton sold 5,000 shares under a pre-arranged Rule 10b5-1 trading plan. The transaction reduced his position by 9.36%, but its scheduled nature makes it a limited signal of changing insider conviction.

Arista Networks Stock Performance

Shares of ANET stock traded up $0.35 on Wednesday, reaching $215.71. The stock had a trading volume of 4,990,643 shares, compared to its average volume of 7,935,972. 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 $272.06 billion, a P/E ratio of 68.05, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. The company has a 50 day simple moving average of $196.59 and a 200 day simple moving average of $171.18.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. Arista Networks's revenue for the quarter 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 research analysts anticipate that Arista Networks, Inc. will post 3.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the topic of several recent analyst reports. TD Cowen increased their target price on Arista Networks from $210.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. 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. Needham & Company LLC reiterated a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Zacks Research lowered Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday. Finally, Wells Fargo & Company restated an "overweight" rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One equities 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 MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $231.70.

Arista Networks 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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