Arista Networks, Inc. $ANET Stock Sold by Quadrant Capital Group LLC

Quadrant Capital Group LLC lessened its position in Arista Networks, Inc. (NYSE:ANET) by 13.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,875 shares of the technology company’s stock after selling 3,918 shares during the quarter. Quadrant Capital Group LLC’s holdings in Arista Networks were worth $5,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bell Bank lifted its stake in Arista Networks by 2.2% during the third quarter. Bell Bank now owns 9,096 shares of the technology company’s stock worth $1,852,000 after purchasing an additional 197 shares during the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new position in shares of Arista Networks in the 3rd quarter worth about $209,000. Physician Wealth Advisors Inc. boosted its holdings in shares of Arista Networks by 33.6% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 545 shares of the technology company’s stock worth $111,000 after purchasing an additional 137 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Arista Networks by 3.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 212,471 shares of the technology company’s stock worth $43,257,000 after purchasing an additional 7,020 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its position in shares of Arista Networks by 3.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 4,179 shares of the technology company’s stock valued at $851,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Sanford C. Bernstein assumed coverage on Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price for the company. Citigroup reiterated a “buy” rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Wells Fargo & Company reiterated an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Two equities research analysts have 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 data from MarketBeat.com, Arista Networks currently has an average rating of “Buy” and a consensus price target of $233.20.

Insider Activity

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’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 completion of the sale, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their position. The transaction 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, CEO Jayshree Ullal sold 767,029 shares of the 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 sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,584,116 shares of company stock worth $733,396,013. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Down 0.7%

Arista Networks stock opened at $181.59 on Wednesday. The company has a market capitalization of $229.03 billion, a PE ratio of 57.28, a P/E/G ratio of 2.12 and a beta of 1.60. The firm has a fifty day simple moving average of $197.98 and a two-hundred day simple moving average of $175.58. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business posted $0.73 earnings per share. The company’s 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, equities analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

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 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.