Geneva Partners LLC Makes New Investment in Arista Networks, Inc. $ANET

Key Points

• Geneva Partners LLC acquired 26,541 Arista Networks shares worth approximately $5.4 million in the third quarter, while institutional investors collectively own 82.47% of the stock.
• Analysts maintain a strongly bullish outlook, with a consensus “Buy” rating and an average price target of $233.20; several firms recently raised their targets or upgraded the stock.
• Arista reported strong operating momentum, with quarterly revenue up 37.7% year over year to $3.04 billion and EPS of $1.02, exceeding expectations. However, insiders sold roughly $741.2 million of shares over the past 90 days, including significant sales by the CEO and major shareholder.

Geneva Partners LLC acquired a new stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 26,541 shares of the technology company's stock, valued at approximately $5,403,000. Arista Networks comprises 1.6% of Geneva Partners LLC's holdings, making the stock its 26th biggest holding.

Several other hedge funds have also added to or reduced their stakes in ANET. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Arista Networks in the third quarter worth $217,000. Westover Capital Advisors LLC bought a new position in shares of Arista Networks during the third quarter valued at $982,000. Leo Wealth LLC purchased a new position in shares of Arista Networks in the 3rd quarter worth about $311,000. Apollon Wealth Management LLC raised its position in shares of Arista Networks by 6.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 59,169 shares of the technology company's stock worth $12,046,000 after purchasing an additional 3,775 shares during the last quarter. Finally, MN Wealth Advisors LLC bought a new position in Arista Networks in the 3rd quarter worth about $207,000. 82.47% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock in a transaction dated 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 transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their position. 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 90 days, insiders sold 3,627,449 shares of company stock worth $741,235,386. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Arista Networks from a "hold (c+)" rating to a "buy (b)" rating in a research note on Wednesday, October 21st. Truist Financial raised their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. BNP Paribas Exane raised shares of Arista Networks to a "strong-buy" rating in a report on Wednesday, October 14th. Morgan Stanley reiterated an "overweight" rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities upped their target price on shares of Arista Networks from $210.00 to $280.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Arista Networks has a consensus rating of "Buy" and an average price target of $233.20.

Arista Networks Trading Up 2.7%

Shares of ANET stock opened at $176.95 on Tuesday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The stock has a market capitalization of $223.18 billion, a P/E ratio of 55.82, a P/E/G ratio of 2.00 and a beta of 1.60. The firm's 50 day moving average is $196.38 and its 200 day moving average is $163.35.

Arista Networks (NYSE:ANET - Get Free Report) last announced its 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. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company's quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Ethernet gaining ground in AI infrastructure: Arista is positioned as an open-Ethernet alternative to Nvidia’s InfiniBand, with the company reportedly winning more AI infrastructure deals. Its use of Broadcom silicon may support a lower-cost, flexible networking architecture and expand Arista’s addressable market. The Ethernet Tollbooth: Arista Rides Broadcom Silicon to Break Nvidia’s InfiniBand Monopoly
• Positive Sentiment: Strong operating momentum: Recent results showed Arista’s first quarterly revenue above $3 billion, with revenue rising 37.7% year over year and earnings exceeding estimates. The performance reinforces the bullish view that AI data-center demand can continue driving growth. Up 13% In Last 12 Months, Can Arista Networks Stock Give Better Returns in 2026?
• Positive Sentiment: Higher earnings expectations: An analyst raised the fiscal 2027 EPS estimate, indicating improving confidence in Arista’s growth and profitability outlook. FY2027 EPS Estimate for Arista Networks Lifted by Analyst
• Neutral Sentiment: Institutional and analyst views: Coverage of investment-firm sentiment suggests continued interest in ANET, but the article provides limited new company-specific information. Arista Networks, Inc. (ANET) - What Are Investment Firms Thinking About This Stock?
• Negative Sentiment: Insider selling: Arista insiders have been selling shares alongside insiders at other AI companies. While this may reflect diversification rather than deteriorating fundamentals, it can raise caution when the stock trades at a premium valuation. Insiders Are Selling These 5 AI Stocks—Should You Worry?
• Negative Sentiment: Data-center funding risk: Elon Musk’s warning that debt financing for AI data centers is tightening raises the possibility of delayed or canceled projects, which could slow networking demand if capital spending weakens. Is Money for AI Data Centers Drying Up?

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company's products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista's portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

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