7,959 Shares in Arista Networks, Inc. $ANET Bought by Hummer Financial Advisory Services Inc

Posted by Francis Steltz on Oct 9th, 2026

Hummer Financial Advisory Services Inc bought a new position in Arista Networks, Inc. (NYSE:ANET – Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 7,959 shares of the technology company’s stock, valued at approximately $1,620,000. Arista Networks makes up approximately 1.3% of Hummer Financial Advisory Services Inc’s investment portfolio, making the stock its 17th biggest holding.

Several other large investors have also recently bought and sold shares of ANET. Cura Wealth Advisors LLC increased its holdings in shares of Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares during the period. Madison Wealth Partners Inc raised its position in shares of Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after buying an additional 60 shares in the last quarter. Intrua Financial LLC raised its position in shares of Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after buying an additional 66 shares during the period. Finally, NBT Bank N A NY boosted its stake in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the period. 82.47% of the stock is owned by institutional investors.

Key Arista Networks News

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

Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio for high-density AI infrastructure. The systems support scale-up and scale-out architectures, liquid-cooled deployments and improved resiliency, potentially expanding Arista’s role in hyperscale data centers. Partners include AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
Positive Sentiment: Investment commentary continues to identify ANET as a potential beneficiary of accelerating AI infrastructure spending. Arista’s open, interoperable Ethernet technology could benefit as cloud providers seek alternatives to proprietary networking systems and reduce dependence on a single vendor. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
Positive Sentiment: The company’s latest results reinforce the growth narrative: revenue rose 37.7% year over year to $3.04 billion and EPS of $1.02 exceeded the $0.89 consensus estimate. Management’s quarterly EPS outlook of $1.06 to $1.08 also points to continued momentum.
Neutral Sentiment: Arista’s CFO sold 1,224 shares for approximately $263,000 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 1.75%. Because the sale was scheduled in advance and she retains a substantial stake, the transaction is a limited sentiment concern. Arista Networks CFO Insider Sale
Negative Sentiment: CEO Jayshree Ullal sold roughly 460,000 shares valued at $97.6 million, also through a pre-arranged plan. She still owns approximately 4.8 million shares, but the large transaction may weigh on investor sentiment. Arista Networks Plugs Into All-Time Highs
Negative Sentiment: With a P/E ratio near 67, investors are demanding sustained AI-driven growth. Customer concentration, possible margin pressure and a recent Zacks downgrade from “strong buy” to “hold” create near-term downside risks. Arista Networks Rating Downgrade

Arista Networks Stock Down 2.3%

Shares of ANET stock opened at $210.88 on Friday. The business has a 50-day moving average price of $197.40 and a two-hundred day moving average price of $171.74. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.32. The firm has a market cap of $265.97 billion, a P/E ratio of 66.53, a price-to-earnings-growth ratio of 2.54 and a beta of 1.60.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. 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 3.74 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were 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. This represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents 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 have sold 3,371,914 shares of company stock worth $685,305,594 over the last ninety days. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Citigroup restated a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a research note on Thursday. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Arista Networks in a report on Monday, August 31st. They set a “buy” rating and a $220.00 price objective for the company. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

View Our Latest Stock Analysis on Arista Networks

Arista Networks Profile

(Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.