Arista Networks, Inc. $ANET Stock: Milestone Asset Management LLC Increases Stake

Posted by Stanley Muller on Oct 16th, 2026

Milestone Asset Management LLC boosted its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 167.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,776 shares of the technology company’s stock after acquiring an additional 33,071 shares during the period. Arista Networks accounts for 1.7% of Milestone Asset Management LLC’s investment portfolio, making the stock its 13th biggest holding. Milestone Asset Management LLC’s holdings in Arista Networks were worth $10,745,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

ANET has been the subject of several research reports. Truist Financial raised their price target on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Citigroup reissued a “buy” rating and issued a $248.00 price objective (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Bank of America restated a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Rosenblatt Securities raised their target price on shares of Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Read Our Latest Research Report on ANET

Arista Networks Stock Performance

NYSE:ANET opened at $185.53 on Friday. The stock’s 50-day simple moving average is $198.69 and its 200 day simple moving average is $174.33. The company has a market cap of $234.00 billion, a P/E ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41.

Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Chantelle Breithaupt sold 1,224 shares of the business’s stock in a transaction on Tuesday, October 6th. The shares were 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 in the company, valued at approximately $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. The sale 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the sale, the insider directly owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This trade represents a 0.17% decrease in their ownership of the stock. 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 a total of 3,627,449 shares of company stock worth $740,784,723 in the last quarter. 2.70% of the stock is owned by company insiders.

Arista Networks Company 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.