NewEdge Advisors LLC Increases Holdings in Arista Networks, Inc. $ANET

Key Points

• NewEdge Advisors increased its Arista Networks stake by 20.1% in the first quarter, reaching 124,424 shares valued at approximately $15.3 million. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista reported strong quarterly results, with EPS of $1.02 beating estimates of $0.89 and revenue rising 37.7% year over year to $3.04 billion. Management guided to third-quarter EPS of $1.06–$1.08, supported by continued AI networking demand.
• Analysts remain broadly bullish, with a consensus “Buy” rating and average price target of $226.05, although the stock’s elevated valuation and recent rally may leave it vulnerable to weaker demand or execution issues.

NewEdge Advisors LLC boosted its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 20.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,424 shares of the technology company's stock after purchasing an additional 20,797 shares during the period. NewEdge Advisors LLC's holdings in Arista Networks were worth $15,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Nebraska Trust Co purchased a new position in shares of Arista Networks in the first quarter valued at $1,807,000. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Arista Networks in the 1st quarter worth about $404,000. Cozad Asset Management Inc. increased its holdings in Arista Networks by 35.4% during the 1st quarter. Cozad Asset Management Inc. now owns 9,146 shares of the technology company's stock valued at $1,123,000 after acquiring an additional 2,389 shares in the last quarter. Allen Capital Group LLC acquired a new position in Arista Networks during the first quarter worth about $245,000. Finally, Summitry LLC acquired a new position in Arista Networks during the first quarter worth about $403,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $188.61 on Friday. The firm has a market cap of $237.88 billion, a P/E ratio of 59.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.60. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The firm's 50 day moving average price is $170.89 and its 200 day moving average price is $152.33.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly 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. 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 the consensus estimate of $2.83 billion. During the same period in the previous year, the firm posted $0.73 EPS. Arista Networks's revenue was up 37.7% on a year-over-year basis. 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 3.33 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays reiterated an "overweight" rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday. Evercore restated an "outperform" rating on shares of Arista Networks in a research report on Wednesday. Weiss Ratings lowered Arista Networks from a "buy (b)" rating to a "buy (b-)" rating in a research note on Wednesday, July 29th. Citigroup reiterated a "buy" rating on shares of Arista Networks in a report on Thursday. Finally, Truist Financial boosted their price target on Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $226.05.

Insiders Place Their Bets

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $181.02, for a total transaction of $1,448,160.00. Following the transaction, the director directly owned 184,333 shares in the company, valued at $33,367,959.66. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm's stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider directly owned 462,400 shares in the company, valued at $78,843,824. This represents a 5.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,707,811 shares of company stock valued at $665,839,139 in the last quarter. Corporate insiders own 2.70% of the company's stock.

Key Arista Networks News

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

• Positive Sentiment: Record earnings reinforced the growth story: Arista reported adjusted EPS of $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion, exceeding expectations of $2.83 billion. It was the company’s first quarter above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and enterprise spending on AI data-center infrastructure is supporting Arista’s switching, routing and cloud networking businesses. The company also introduced new 1.6 Tbps AI networking platforms that could expand its Ethernet opportunity, although customer adoption and execution remain key. How Arista’s New AI Platform Could Expand ANET’s Growth Story
• Positive Sentiment: Management raised its outlook: Arista guided for approximately $3.3 billion of third-quarter revenue and $1.06–$1.08 in EPS. Its 2026 revenue outlook was lifted to $12.6 billion, helped by improving supply availability and sustained AI demand. Arista Projects $12.6 Billion 2026 Revenue
• Positive Sentiment: Analysts remain bullish: Rosenblatt, TD Cowen, Piper Sandler and Truist raised price targets to $280, $250, $240 and $234, respectively, while maintaining positive ratings. Additional coverage describes ANET as a high-growth stock with strong profitability and return on equity.
• Neutral Sentiment: Insider sale was planned: Director Charles Giancarlo sold 8,000 shares for about $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, limiting the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation is a near-term concern: Following a roughly 30% three-month rally, ANET trades at an elevated earnings multiple. Investors may be taking profits because substantial AI growth is already reflected in the stock, leaving limited room for weaker demand, margin pressure, supply issues or guidance misses.

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.

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.

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