Arista Networks, Inc. $ANET Shares Sold by Robbins Farley

Robbins Farley reduced its position in Arista Networks, Inc. (NYSE:ANET) by 18.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,829 shares of the technology company’s stock after selling 6,829 shares during the period. Arista Networks makes up 2.3% of Robbins Farley’s investment portfolio, making the stock its 12th largest holding. Robbins Farley’s holdings in Arista Networks were worth $6,276,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ANET. Davidson Trust Co. purchased a new stake in shares of Arista Networks during the 3rd quarter valued at approximately $3,512,000. Deutsche Bank AG boosted its holdings in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after buying an additional 388,354 shares during the period. Ferguson Wellman Capital Management Inc. boosted its holdings in Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after buying an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new position in Arista Networks in the 1st quarter valued at approximately $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its stake in Arista Networks by 564.1% in the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after buying an additional 14,310 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Price Performance

ANET opened at $181.59 on Wednesday. The firm has a market capitalization of $229.03 billion, a P/E ratio of 57.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.60. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The company has a fifty day moving average price of $197.98 and a 200-day moving average price of $175.58.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.73 earnings per share. The firm’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Trending Headlines about Arista Networks

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ANET shares. Piper Sandler reissued an “overweight” rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a report on Wednesday, October 7th. UBS Group reiterated a “buy” rating and issued a $259.00 price target (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $233.20.

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 stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. 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 a total of 3,584,116 shares of company stock worth $733,396,013 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

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.