North Point Portfolio Managers Corp OH reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,815 shares of the technology company’s stock after selling 2,879 shares during the quarter. Arista Networks accounts for 4.0% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 8th largest position. North Point Portfolio Managers Corp OH’s holdings in Arista Networks were worth $21,514,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Cura Wealth Advisors LLC grew its stake in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares in the last quarter. Madison Wealth Partners Inc lifted its stake in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after purchasing an additional 60 shares during the last quarter. Intrua Financial LLC boosted its holdings in Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the period. Shepherd Financial Partners LLC increased its stake in Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after purchasing an additional 66 shares during the last quarter. Finally, NBT Bank N A NY raised its holdings in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after purchasing an additional 67 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: AI networking demand remains the primary catalyst. Arista has been identified as a leading AI-stock purchase alongside Astera Labs and GE Vernova, while industry coverage points to accelerating demand for high-speed data-center networking equipment. Dow Jones Futures Fall, Yields Jump After S&P 500 Hits High
- Positive Sentiment: ClearBridge highlighted Arista’s execution and improved outlook. The investment manager said leadership within large-cap growth stocks is shifting toward businesses with clearer AI monetization paths and cited Arista’s solid execution and raised guidance as reasons for its relative outperformance. Arista Networks Outperforms AI Infrastructure Peers
- Positive Sentiment: Analyst support remains broadly favorable. Bernstein initiated coverage with an Outperform rating, and the wider analyst consensus remains Buy, with several firms recently raising price targets after Arista’s latest earnings beat and strong revenue growth. Bernstein Starts Coverage of Arista Networks
- Neutral Sentiment: Arista will report third-quarter 2026 results after the market closes on November 3, providing the next major catalyst for the stock. Investors will focus on whether AI-related demand supports current guidance and elevated valuation levels. Arista Networks to Announce Q3 2026 Financial Results
- Negative Sentiment: Zacks Research downgraded ANET from Strong Buy to Hold. The downgrade may limit near-term upside, particularly because the stock trades at a premium valuation and is close to its recent high.
- Negative Sentiment: A director sold 5,000 shares under a pre-arranged Rule 10b5-1 plan. Because the transaction was scheduled in advance and represents a relatively small portion of holdings, it is a limited—but still mildly negative—signal. Arista Networks Insider Sale
Arista Networks Trading Up 0.4%
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.74 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on ANET. Truist Financial lifted their price target 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. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 18th. TD Cowen lifted their target price on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Citigroup reiterated a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus price target of $231.70.
Read Our Latest Stock Analysis on Arista Networks
Insiders Place Their Bets
In other news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares of the company’s stock, valued at $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. Insiders have sold 3,387,316 shares of company stock worth $676,926,570 over the last three months. Corporate insiders own 2.70% of the company’s stock.
Arista Networks Company Profile
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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