Compass Financial Group INC SD acquired a new position in Arista Networks, Inc. (NYSE:ANET – Free Report) in the third quarter, Holdings Channel.com reports. The firm acquired 4,492 shares of the technology company’s stock, valued at approximately $915,000.
Several other institutional investors have also recently modified their holdings of the company. Sax Wealth Advisors LLC grew its position in Arista Networks by 122.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,374 shares of the technology company’s stock valued at $1,705,000 after acquiring an additional 4,613 shares during the last quarter. Fermata Advisors LLC bought a new stake in shares of Arista Networks in the 3rd quarter worth approximately $238,000. NorthCrest Asset Manangement LLC boosted its stake in shares of Arista Networks by 131.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 33,523 shares of the technology company’s stock valued at $6,825,000 after purchasing an additional 19,070 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of Arista Networks by 392.2% in the 3rd quarter. Avior Wealth Management LLC now owns 13,535 shares of the technology company’s stock valued at $2,756,000 after purchasing an additional 10,785 shares in the last quarter. Finally, Baldwin Wealth Partners LLC MA purchased a new stake in shares of Arista Networks in the 3rd quarter valued at $709,000. 82.47% of the stock is currently owned by institutional investors.
Arista Networks Stock Down 3.5%
Shares of Arista Networks stock traded down $7.47 during trading on Tuesday, reaching $203.41. 4,306,029 shares of the stock were exchanged, compared to its average volume of 7,859,776. The stock’s fifty day moving average is $198.62 and its 200 day moving average is $172.87. The firm has a market cap of $256.54 billion, a price-to-earnings ratio of 64.08, a price-to-earnings-growth ratio of 2.52 and a beta of 1.60. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.41.
Trending Headlines about Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, maintaining a “Buy” rating. The revisions are modest but reinforce expectations for continued earnings growth.
- Positive Sentiment: Strong demand outlook: Arista’s revenue outlook has reportedly been raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion. These commitments suggest substantial future demand, particularly for AI and data-center networking equipment. Arista Networks Prospects and Earnings
- Neutral Sentiment: Relative performance remains a focus: Market commentary is examining whether Arista has outperformed other computer and technology stocks this year, reflecting the stock’s strong long-term momentum but also heightened expectations. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
- Negative Sentiment: Deferred revenue complicates the cash-flow picture: Arista reported $6.866 billion of deferred revenue. Although the balance reflects customer cash collected in advance and supports future revenue recognition, investors may question how much reported cash flow is being driven by timing rather than current-period sales. Arista Has $6.9 Billion in Deferred Revenue
- Negative Sentiment: Insider selling adds pressure: Arista’s CEO reportedly sold approximately $21.1 million of stock. While insider sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment when the shares trade at elevated valuation levels.
Wall Street Analyst Weigh In
ANET has been the topic of several recent research reports. Truist Financial increased their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Sanford C. Bernstein started coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price target for the company. TD Cowen upped their price target on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 price target for the company. Finally, Bank of America reissued a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.
Read Our Latest Stock Report on ANET
Insiders Place Their Bets
In other news, CFO Chantelle Breithaupt sold 1,224 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total transaction of $263,160.00. Following the transaction, the chief financial officer directly owned 68,697 shares of the company’s stock, valued at approximately $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 96,992 shares of the company’s stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $217.14, for a total value of $21,060,842.88. Following the transaction, the chief executive officer owned 4,797,347 shares of the company’s stock, valued at approximately $1,041,695,927.58. This represents a 1.98% 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. In the last quarter, insiders have sold 3,468,906 shares of company stock worth $706,366,437. Insiders own 2.70% of the company’s stock.
About Arista Networks
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.
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