CoreCap Advisors LLC Acquires 2,951 Shares of Arista Networks, Inc. $ANET

Posted by George Bondi on Aug 6th, 2026

CoreCap Advisors LLC grew its holdings in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,455 shares of the technology company’s stock after buying an additional 2,951 shares during the period. CoreCap Advisors LLC’s holdings in Arista Networks were worth $4,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Main Street Group LTD bought a new stake in Arista Networks in the first quarter valued at $26,000. Sankala Group LLC bought a new position in Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the 4th quarter worth about $28,000. Hilton Head Capital Partners LLC lifted 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 worth $30,000 after purchasing an additional 159 shares during the period. Finally, NBT Bank N A NY boosted its stake in shares of Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Quarterly results exceeded expectations: Arista reported adjusted EPS of $1.02, above the $0.89 consensus estimate, while revenue reached $3.04 billion versus expectations of $2.83 billion. Revenue rose 37.7% year over year, marking the company’s first quarter above $3 billion. Arista forecasts upbeat quarterly revenue on AI-driven networking demand
Positive Sentiment: AI and cloud demand remains robust: Strong orders from hyperscale cloud providers and customers expanding AI data-center infrastructure helped drive growth across data-center, campus and routing products. Arista also highlighted new 1.6-terabit networking systems designed to improve efficiency for AI workloads. Why Arista Networks Stock Rallied Today
Positive Sentiment: Outlook was raised: Arista guided for approximately $3.3 billion in third-quarter revenue and $1.06–$1.08 in EPS, both above Wall Street expectations. Management also lifted its 2026 revenue outlook to $12.6 billion, citing improved supply availability and continued demand. Arista projects $12.6 billion 2026 revenue
Positive Sentiment: Analyst sentiment strengthened: Rosenblatt raised its price target to $280, TD Cowen to $250, Piper Sandler to $240 and Truist to $234; each maintained a bullish rating. The revisions indicate analysts believe earnings momentum can justify further upside.
Neutral Sentiment: Insider transaction: Director Charles H. Giancarlo sold 8,000 shares for approximately $1.45 million, reducing his holdings by 4.16%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan and he retained 184,333 shares, it is less concerning than an unexpected discretionary sale. SEC insider transaction filing
Negative Sentiment: Valuation and execution risks remain: After a substantial rally, Arista trades at an elevated earnings multiple, leaving the stock sensitive to any slowdown in AI spending, supply-chain setbacks or guidance disappointments. The strong results may also mean considerable future growth is already reflected in the valuation.

Insider Activity

In related news, CEO Jayshree Ullal sold 242,422 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the sale, the chief executive officer directly owned 5,171,095 shares of the company’s stock, valued at approximately $973,044,946.15. This represents a 4.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This represents a 0.14% 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. Insiders sold 2,308,316 shares of company stock worth $383,608,735 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Stock Up 3.9%

Shares of ANET opened at $197.93 on Thursday. The stock has a market cap of $249.23 billion, a P/E ratio of 62.44, a P/E/G ratio of 2.92 and a beta of 1.60. The business’s 50 day moving average price is $169.56 and its 200-day moving average price is $151.63. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89.

Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 32.00% and a net margin of 38.37%.The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ANET shares. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price for the company in a research report on Friday, May 15th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 price target on shares of Arista Networks in a research note on Wednesday. Truist Financial increased their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, TD Cowen upped their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $226.05.

Read Our Latest Stock Analysis on ANET

About Arista Networks

(Free Report)

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.