HBW Advisory Services LLC Buys 26,762 Shares of Arista Networks, Inc. $ANET

Key Points

• HBW Advisory Services increased its Arista Networks stake by 435.8% in the third quarter, buying 26,762 additional shares for a total holding of 32,903 shares valued at approximately $6.7 million. Institutional investors collectively own 82.47% of the stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $235.45. Recent targets rose as high as $259, supported by Arista’s 37.7% year-over-year revenue growth and quarterly EPS of $1.02 versus the $0.89 consensus.
• Despite strong AI-networking prospects and earnings momentum, valuation and insider selling remain risks: the stock trades at about 61.6 times earnings, while executives and major shareholders have sold substantial positions under pre-arranged trading plans.

HBW Advisory Services LLC boosted its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 435.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,903 shares of the technology company's stock after acquiring an additional 26,762 shares during the period. HBW Advisory Services LLC's holdings in Arista Networks were worth $6,699,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings 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 worth $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Amundi raised its stake in shares of Arista Networks by 5.7% in the 1st quarter. Amundi now owns 9,064,443 shares of the technology company's stock valued at $1,112,932,000 after purchasing an additional 491,173 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANET shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reissued an "overweight" rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group restated a "buy" rating and set a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, TD Cowen increased their target price on Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. One investment 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's stock. According to MarketBeat.com, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.45.

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 reinforces the company’s position in AI networking and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank modestly raised its FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 forecast to $4.74 from $4.73, while maintaining a Buy rating. The revisions suggest continued confidence in Arista’s earnings growth.
• Positive Sentiment: A separate report said Arista’s revenue outlook was raised for the third time this year and non-cancellable purchase commitments climbed 2.7 times to $9.7 billion. If accurate, the commitments provide stronger visibility into future demand. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s previous quarterly results exceeded expectations, with revenue up 37.7% year over year and EPS of $1.02 versus the $0.89 consensus. However, the stock trades at a high earnings multiple, leaving less room for disappointment.
• Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million and another 27,990 shares for about $6.1 million. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and Ullal still owns roughly 4.8 million shares, which reduces—but does not eliminate—the negative signal from the sales.
• Negative Sentiment: The stock recently declined more than the broader market after gaining about 58% year to date and reaching near its 52-week high. The move appears consistent with profit-taking and valuation concerns rather than a reported deterioration in Arista’s business outlook. Arista Networks Registers a Bigger Fall Than the Market

Insider Transactions at Arista Networks

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

Arista Networks Price Performance

Arista Networks stock opened at $195.11 on Thursday. The company has a market cap of $246.07 billion, a PE ratio of 61.55, a P/E/G ratio of 2.38 and a beta of 1.60. The company has a fifty day moving average price of $198.83 and a two-hundred day moving average price of $173.87. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm 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 firm's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

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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