NEOS Investment Management LLC Buys 19,247 Shares of Arista Networks, Inc. $ANET

NEOS Investment Management LLC lifted its stake in Arista Networks, Inc. (NYSE:ANET) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,454 shares of the technology company’s stock after acquiring an additional 19,247 shares during the quarter. NEOS Investment Management LLC’s holdings in Arista Networks were worth $28,447,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Main Street Group LTD acquired a new position in shares of Arista Networks during the 1st quarter worth approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. ABS Investment Management LLC bought a new position in shares of Arista Networks in the second quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC grew its position in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after acquiring an additional 159 shares during the period. Institutional investors own 82.47% of the company’s stock.

Insiders Place Their Bets

In other Arista Networks news, CFO Chantelle Breithaupt sold 612 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total transaction of $119,811.24. Following the transaction, the chief financial officer owned 69,921 shares in the company, valued at $13,688,434.17. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $191.79, for a total value of $2,648,428.11. Following the sale, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at $1,901,981.43. This represents a 58.20% 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. Insiders sold a total of 3,782,694 shares of company stock worth $726,728,187 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Stock Up 1.1%

Shares of ANET stock opened at $193.54 on Friday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89. The company has a market capitalization of $244.10 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.62. The firm has a 50 day moving average price of $182.94 and a two-hundred day moving average price of $160.16.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s investment case remains supported by surging AI infrastructure demand, improving supply-chain execution and strong free cash flow. The company’s shares have gained 37.3% over the past six months, although the recent advance has raised questions about how much upside remains. ANET Rises 37.3% in Six Months: Is There More Room to Grow?
• Positive Sentiment: The company’s latest quarterly results provide a fundamental catalyst: adjusted earnings of $1.02 per share exceeded the $0.89 consensus estimate, while revenue of $3.04 billion topped the $2.83 billion forecast and increased 37.7% year over year. Arista guided to third-quarter EPS of $1.06-$1.08. Arista Networks Offers Entry After 42% Gain Amid Earnings Beat; Data Center Demand Surging
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $220 price target. This adds to a generally favorable analyst view, with a consensus Buy rating and an average target of $225.76; UBS, Jefferies and Morgan Stanley have also cited targets above the current trading range.
• Neutral Sentiment: Arista edged higher even as networking peer Ciena weakened after issuing in-line guidance, suggesting investors may be differentiating ANET based on its stronger AI and cloud-networking growth outlook. Ciena Corporation Tumbles 10% as In-Line Guidance Overshadows Earnings Beat, Arista Edges Higher
• Negative Sentiment: CFO Chantelle Breithaupt sold 612 shares worth approximately $119,811. The transaction reduced her holdings by 0.87%, but it was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal. Arista’s elevated valuation—about 60 times earnings and a PEG ratio of 2.21—also leaves the stock sensitive to slower growth or weaker guidance.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ANET shares. Citigroup restated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $225.76.

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.