Wellington Management Group LLP Sells 2,653,927 Shares of Arista Networks, Inc. $ANET

Key Points

• Wellington Management cut its Arista stake by 21.1%, selling 2,653,927 shares in Q3 and holding 9,913,964 shares (about 0.79% ownership) valued at roughly $1.444 billion.
• Despite institutional and insider selling, Arista beat the quarter (EPS $0.82 vs $0.75; revenue $2.49B, +28.9% YoY), management is guiding roughly $11B in 2026 revenue, and analysts have raised price targets amid new AI‑focused product launches.

Wellington Management Group LLP lowered its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 21.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,913,964 shares of the technology company's stock after selling 2,653,927 shares during the quarter. Wellington Management Group LLP owned about 0.79% of Arista Networks worth $1,444,564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd lifted its position in Arista Networks by 170.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 26,283 shares of the technology company's stock valued at $3,830,000 after acquiring an additional 16,560 shares during the period. Comerica Bank grew its holdings in Arista Networks by 7.2% in the third quarter. Comerica Bank now owns 239,042 shares of the technology company's stock worth $34,831,000 after purchasing an additional 16,118 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Arista Networks during the third quarter valued at approximately $206,000. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in shares of Arista Networks during the third quarter valued at approximately $1,002,000. Finally, Main Street Research LLC purchased a new position in shares of Arista Networks during the third quarter valued at approximately $5,083,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista launched the XPO multi-source agreement and a 12.8 Tbps liquid‑cooled pluggable optics module that boosts rack density ~4x — this product is explicitly targeted at hyperscale AI data centers and could expand Arista’s addressable market and hardware ASPs. Arista Announces XPO High Density Liquid Cooled Pluggable Optics
• Positive Sentiment: CEO guidance and management commentary point to faster top‑line growth — management expects ~ $11B revenue in 2026 (vs ~$9B in 2025), reinforcing the AI-driven demand narrative. Arista (ANET) to Hit $11B in 2026 Revenues, $2B More Than 2025, Says CEO
• Positive Sentiment: Broker activity has turned constructive — TD Cowen initiated coverage with a Buy and $170 PT, and some outlets upgraded the stock citing accelerating AI networking demand and durable hyperscaler commitments. Those actions support upside vs. current levels. TD Cowen initiates Arista, Coherent and Ciena at buy
• Positive Sentiment: Independent upgrades highlight the stock’s breakout potential as valuation has contracted and FY2026 revenue is guided above ~25%, reinforcing the bullish case for longer-term multiple expansion if execution continues. Arista Networks: All Ready To Storm To New Highs (Upgrade)
• Neutral Sentiment: Technically, ANET is trading near its 50‑day moving average inside a base and is listed as an IBD Sector Leader — constructive technicals but not yet a confirmed breakout. Arista Holds Near Key Level As Outlook Brightens
• Negative Sentiment: Shares have pulled back and shown intraday weakness in recent sessions — short‑term volatility and profit‑taking are pressuring the stock despite positive headlines. Arista Networks (ANET) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Analysts note supply constraints and some gross‑margin pressure that could limit near‑term revenue upside despite strong bookings — a risk to quarterly cadence even as the multi‑year AI opportunity remains intact. Arista Networks: Why A Breakout Seems Likely (Rating Upgrade)

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the transaction, the director owned 9,784 shares in the company, valued at $1,373,967.12. This represents a 44.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Yvonne Wassenaar sold 1,815 shares of Arista Networks stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $132.44, for a total transaction of $240,378.60. Following the completion of the sale, the director directly owned 12,574 shares of the company's stock, valued at approximately $1,665,300.56. This trade represents a 12.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 196,237 shares of company stock valued at $25,865,760 over the last three months. Insiders own 3.39% of the company's stock.

Arista Networks Trading Down 0.3%

Shares of ANET opened at $133.67 on Friday. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $164.94. The business's fifty day simple moving average is $134.86 and its two-hundred day simple moving average is $137.30. The company has a market cap of $167.96 billion, a price-to-earnings ratio of 48.43, a P/E/G ratio of 2.38 and a beta of 1.46.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company earned $0.66 EPS. Arista Networks's revenue for the quarter was up 28.9% on a year-over-year basis. As a group, research analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Needham & Company LLC boosted their price target on Arista Networks from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Barclays reiterated an "overweight" rating and set a $184.00 price objective (up from $183.00) on shares of Arista Networks in a research note on Friday, February 13th. The Goldman Sachs Group reissued a "buy" rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. UBS Group set a $200.00 target price on Arista Networks in a research note on Tuesday, February 24th. Finally, Rosenblatt Securities raised their price target on Arista Networks from $140.00 to $165.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Eighteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.47.

Arista Networks 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.

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