Nisa Investment Advisors LLC Buys 7,020 Shares of Arista Networks, Inc. $ANET

Key Points

• Nisa Investment Advisors increased its Arista Networks stake by 3.4%, purchasing 7,020 shares and bringing its holdings to 212,471 shares valued at approximately $43.3 million. Institutional investors collectively own 82.47% of ANET.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $233.20. Recent targets from major firms range from $234 to $259, although Weiss Ratings downgraded the stock to “Hold.”
• Arista reported strong quarterly results, with EPS of $1.02 beating estimates and revenue rising 37.7% year over year to $3.04 billion. The stock opened at $181.59, while insiders sold more than 3.58 million shares worth approximately $733.4 million over the past three months.

Nisa Investment Advisors LLC raised its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 3.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 212,471 shares of the technology company's stock after buying an additional 7,020 shares during the period. Nisa Investment Advisors LLC's holdings in Arista Networks were worth $43,257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ANET. Integrated Advisors Network LLC raised its holdings in Arista Networks by 3.2% during the third quarter. Integrated Advisors Network LLC now owns 4,179 shares of the technology company's stock worth $851,000 after purchasing an additional 130 shares during the last quarter. LCM Capital Management Inc boosted its position in Arista Networks by 3.3% during the third quarter. LCM Capital Management Inc now owns 4,191 shares of the technology company's stock worth $853,000 after purchasing an additional 135 shares in the last quarter. Louisbourg Investments Inc. grew its holdings in Arista Networks by 5.7% in the third quarter. Louisbourg Investments Inc. now owns 1,300 shares of the technology company's stock valued at $265,000 after purchasing an additional 70 shares during the last quarter. Redwood Family Wealth LLC acquired a new stake in Arista Networks in the third quarter valued at $207,000. Finally, Blue Jean Financial LLC acquired a new stake in Arista Networks in the third quarter valued at $1,815,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ANET shares. Truist Financial raised their price target on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings lowered shares of Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. KeyCorp reissued an "overweight" rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company reissued an "overweight" rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, UBS Group restated a "buy" rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $233.20.

Arista Networks Price Performance

Shares of NYSE ANET opened at $181.59 on Wednesday. The company has a market cap of $229.03 billion, a PE ratio of 57.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The company has a 50-day simple moving average of $197.98 and a 200-day simple moving average of $175.58.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data 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 revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.79 EPS for the current year.

Insider Transactions at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the business's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the completion of the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $2,640,616. The trade was a 57.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider owned 180,543,048 shares of the company's stock, valued at $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,584,116 shares of company stock worth $733,396,013 in the last three months. 2.70% of the stock is currently owned by company insiders.

Arista Networks News Roundup

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for high-density AI infrastructure with up to 144 accelerators per rack. The offering could help the company capture demand from cloud providers and “neocloud” operators seeking lower-cost, standards-based alternatives to proprietary interconnects. Is Open AI Rack Launch Altering the Investment Case for Arista Networks Stock?
• Positive Sentiment: Analysts and financial commentators expect another strong quarterly report on November 3. Arista is projected to generate approximately $3.3 billion in third-quarter revenue, representing about 44% year-over-year growth, supported by AI data-center networking demand. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target from $250 to $205. The revised target still implies approximately 12.9% upside from the referenced share price, suggesting the firm views the recent weakness as excessive relative to Arista’s growth outlook.

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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