M & L Capital Management Ltd trimmed its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 61.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,200 shares of the technology company’s stock after selling 52,800 shares during the period. Arista Networks makes up about 1.4% of M & L Capital Management Ltd’s investment portfolio, making the stock its 16th biggest position. M & L Capital Management Ltd’s holdings in Arista Networks were worth $6,759,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. ABS Investment Management LLC acquired a new stake in shares of Arista Networks in the second quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new position in Arista Networks in the 2nd quarter worth approximately $29,000. Balance Wealth Partners LLC acquired a new position in Arista Networks during the 3rd quarter worth $35,000. Kelleher Financial Advisors bought a new position in Arista Networks in the 2nd quarter valued at $31,000. Finally, Albion Financial Group UT boosted its position in Arista Networks by 80.0% in the 3rd quarter. Albion Financial Group UT now owns 180 shares of the technology company’s stock valued at $37,000 after buying an additional 80 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
More Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: AI networking momentum is driving investor optimism. Arista reportedly delivered a record quarter, including its first quarter with more than $3 billion in revenue, as demand accelerated for Ethernet-based networking equipment used in AI data centers. Management also raised its 2026 revenue outlook. Arista Networks (ANET) Is Winning AI Data Center Network Share
- Positive Sentiment: Arista is taking share from Nvidia’s InfiniBand platform. Analysts and market commentators say Arista’s open Ethernet fabrics, built with Broadcom silicon, are increasingly being selected for AI infrastructure projects that might previously have used Nvidia’s proprietary InfiniBand technology. This expands Arista’s addressable market and supports its long-term growth case. The Ethernet Tollbooth: Arista Rides Broadcom Silicon to Break Nvidia’s InfiniBand Monopoly
- Positive Sentiment: Strong prior results provide a favorable earnings setup. Arista’s latest reported quarter exceeded consensus expectations, with revenue of $3.04 billion, up 37.7% year over year, and earnings per share of $1.02 versus the $0.89 estimate. Investors are now looking for continued strength at the November earnings event. Arista Networks Stocks Gain 5.61% Ahead of November Earnings Test
- Neutral Sentiment: Insider selling is a cautionary signal, but not yet a fundamental change. Arista insiders have sold shares alongside insiders at other AI-related companies. However, the report notes that analyst support, institutional interest and operating fundamentals remain broadly favorable. Insiders Are Selling These 5 AI Stocks—Should You Worry?
- Negative Sentiment: Funding concerns and valuation create downside risks. Elon Musk’s warning that debt-market funding for AI data centers may be drying up raises questions about future customer spending. In addition, Arista’s premium valuation leaves the stock vulnerable if November results or guidance fail to meet elevated expectations. Is Money for AI Data Centers Drying Up?
Insider Transactions at Arista Networks
In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 dated 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 directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% 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 90 days, insiders have sold 3,627,449 shares of company stock worth $741,235,386. Company insiders own 2.70% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Wells Fargo & Company reissued 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. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Sanford C. Bernstein started coverage on Arista Networks in a report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price target on the stock. Barclays reiterated an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $233.20.
Get Our Latest Analysis on ANET
Arista Networks Price Performance
ANET stock opened at $187.28 on Wednesday. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The business’s fifty day moving average is $195.64 and its 200-day moving average is $163.86.
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, topping analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current year.
About Arista Networks
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.
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