NorthCrest Asset Manangement LLC Acquires 19,070 Shares of Arista Networks, Inc. $ANET

Key Points

• NorthCrest Asset Management increased its Arista Networks stake by 131.9% in the third quarter, purchasing 19,070 additional shares and bringing its holdings to 33,523 shares valued at $6.825 million. Institutional investors collectively own 82.47% of ANET.
• Arista reported stronger-than-expected quarterly results, with $1.02 in EPS and $3.04 billion in revenue, up 37.7% year over year. The stock traded near $204, with a market capitalization of approximately $257.7 billion.
• Analyst sentiment remains positive: ANET has a “Moderate Buy” consensus rating and an average price target of $235.45, while several firms raised targets to between $250 and $260. However, insiders sold $740.8 million of shares over the past three months under pre-arranged trading plans.

NorthCrest Asset Manangement LLC boosted its holdings in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 131.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,523 shares of the technology company's stock after purchasing an additional 19,070 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in Arista Networks were worth $6,825,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ANET. Avior Wealth Management LLC raised its holdings in Arista Networks by 392.2% in the third quarter. Avior Wealth Management LLC now owns 13,535 shares of the technology company's stock valued at $2,756,000 after acquiring an additional 10,785 shares in the last quarter. Baldwin Wealth Partners LLC MA bought a new position in Arista Networks during the 3rd quarter valued at $709,000. Perpetual Ltd boosted its stake in Arista Networks by 964.3% during the 3rd quarter. Perpetual Ltd now owns 153,149 shares of the technology company's stock valued at $31,180,000 after acquiring an additional 138,759 shares during the last quarter. JGP Wealth Management LLC acquired a new position in Arista Networks during the 3rd quarter worth $255,000. Finally, RTD Financial Advisors Inc. acquired a new position in Arista Networks during the 3rd quarter worth $358,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company's 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 owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was 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. Insiders have sold a total of 3,627,449 shares of company stock valued at $740,784,723 over the last three months. 2.70% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

ANET stock opened at $204.34 on Wednesday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41. The stock has a market capitalization of $257.72 billion, a price-to-earnings ratio of 64.46, a PEG ratio of 2.45 and a beta of 1.60. The stock's fifty day moving average is $198.89 and its two-hundred day moving average is $173.36.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The company's quarterly 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, analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of several research analyst reports. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. Zacks Research cut shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. TD Cowen lifted their price target on Arista Networks from $210.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Needham & Company LLC reiterated a "buy" rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, UBS Group reissued a "buy" rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average 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 strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings

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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