Waverly Advisors LLC Acquires 3,553 Shares of Arista Networks, Inc. $ANET

Posted by Francis Steltz on Jul 30th, 2026

Waverly Advisors LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 17.8% during the 1st quarter, HoldingsChannel reports. The fund owned 23,505 shares of the technology company’s stock after buying an additional 3,553 shares during the period. Waverly Advisors LLC’s holdings in Arista Networks were worth $2,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Main Street Group LTD purchased a new stake in shares of Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC bought a new stake in Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the fourth quarter worth $28,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Arista Networks in the fourth quarter worth $30,000. Finally, Hilton Head Capital Partners LLC increased its holdings in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after acquiring an additional 159 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 234,578 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $187.18, for a total transaction of $43,908,310.04. Following the sale, the chief executive officer directly owned 5,134,207 shares of the company’s stock, valued at $961,020,866.26. This represents a 4.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total value of $4,433,260.00. Following the transaction, the insider owned 462,400 shares of the company’s stock, valued at $78,843,824. This represents a 5.32% 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. Over the last ninety days, insiders sold 2,308,316 shares of company stock valued at $383,563,775. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Citigroup cut their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Needham & Company LLC upped their price objective on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Finally, UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $189.74.

Get Our Latest Stock Report on Arista Networks

Arista Networks News Summary

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

Positive Sentiment: Arista is entering the earnings report with strong momentum from demand for AI infrastructure and data-center networking. Rising earnings estimates and expectations for a potential earnings beat are supporting the bullish case. Arista Stock Before Q2 Earnings: Is it a Smart Buy or Risky Move?
Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings estimate slightly to $3.26 per share and maintained a Buy rating. The estimate remains close to the broader consensus of $3.28 per share, indicating continued analyst confidence. Arista Networks analyst estimate update
Positive Sentiment: Recent earnings momentum remains strong: Arista’s latest quarterly revenue increased 35.1% year over year to $2.71 billion, exceeding expectations, while earnings also topped estimates. The company guided to approximately $0.88 in second-quarter EPS.
Neutral Sentiment: Analyst optimism and positive estimate revisions have brought Arista back into focus, but the shares’ premium valuation means a routine earnings beat may not be enough if management’s outlook fails to exceed elevated expectations. Arista Networks On Rising Earnings Optimism
Negative Sentiment: Customer concentration remains a risk to Arista’s otherwise strong profitability, making the company more sensitive to spending changes by major cloud and AI customers. AMD vs. Arista Networks
Negative Sentiment: Director Kenneth Duda reported two sales totaling 43,333 shares under a pre-arranged Rule 10b5-1 plan. Although scheduled transactions do not necessarily signal weakening conviction, the sales can add short-term pressure while investors assess the stock’s valuation. SEC insider trading filing

Arista Networks Trading Down 7.0%

ANET opened at $157.75 on Thursday. The company has a market capitalization of $198.64 billion, a PE ratio of 54.02, a PEG ratio of 2.60 and a beta of 1.60. The firm’s 50 day simple moving average is $166.43 and its two-hundred day simple moving average is $149.56. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $189.82.

Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Arista Networks Company Profile

(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.