Monetta Financial Services Inc. purchased a new stake in Arista Networks, Inc. (NYSE:ANET – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the technology company’s stock, valued at approximately $1,019,000.
A number of other hedge funds also recently bought and sold shares of the stock. Lighthouse Financial Services Inc. ADV acquired a new stake in Arista Networks during the fourth quarter valued at $1,549,000. Bensler LLC acquired a new stake in shares of Arista Networks in the 4th quarter worth $6,350,000. QRG Capital Management Inc. increased its holdings in shares of Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after buying an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. raised its holdings in Arista Networks by 59.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares during the period. Finally, Reaves W H & Co. Inc. acquired a new position in Arista Networks during the fourth quarter worth $3,058,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on ANET shares. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. TD Cowen increased their target price on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Evercore restated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $226.05.
Insider Buying and Selling
In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the sale, the director owned 184,333 shares in the company, valued at approximately $33,367,959.66. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.51, for a total value of $4,433,260.00. Following the sale, the insider directly owned 462,400 shares in the company, valued at approximately $78,843,824. This trade 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. In the last 90 days, insiders have sold 4,333,775 shares of company stock worth $798,438,989. Insiders own 2.70% of the company’s stock.
Key Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista is benefiting from accelerating AI infrastructure spending. Its Etherlink customer base has surpassed 100, while demand from customers using different AI architectures could broaden the company’s addressable market and support continued growth. Arista Benefits From AI Networking Surge: Will Momentum Persist?
- Positive Sentiment: One comparison of Arista with Palantir portrays ANET as the more attractively valued growth company, citing roughly 51 times forward earnings, no debt and net margins near 39%. That framing may support investor interest in Arista relative to other expensive AI-related stocks. Arista Networks vs. Palantir Technologies: Which Technology Stock Is a Better Buy in 2026?
- Positive Sentiment: Additional analysis points to sustained revenue growth, reinforcing the bullish case that cloud, data-center and AI networking demand can continue driving Arista’s results. What’s Fueling Arista Networks Revenue Growth?
- Neutral Sentiment: Arista’s Rosenblatt Technology Summit presentation focused on the company’s role in the AI networking buildout. The transcript may provide further detail on strategy and demand, but it did not introduce a clearly new financial catalyst. Rosenblatt Technology Summit Transcript
- Neutral Sentiment: A roundup of institutional-investor positioning reflects greater selectivity toward AI and technology stocks, but does not report a specific change in Arista’s fundamentals or analyst outlook. Bet on Smart Money With These Stocks and ETFs
- Negative Sentiment: Valuation remains a key risk. Arista’s superior operating performance is reflected in its premium multiple, while future profitability depends on which customers generate the volume being secured; a less favorable customer mix could pressure margins. What You Are Really Paying For In Arista Networks Stock
Arista Networks Trading Down 3.5%
ANET opened at $186.34 on Thursday. The business’s 50 day moving average is $176.50 and its 200-day moving average is $155.75. The stock has a market cap of $235.02 billion, a PE ratio of 58.78, a price-to-earnings-growth ratio of 2.00 and a beta of 1.60. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89.
Arista Networks (NYSE:ANET – Get Free Report) last released its 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. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $0.73 earnings per share. The business’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current year.
Arista Networks Company Profile
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.
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