Graves Light Lenhart Wealth Inc. Purchases New Shares in Arista Networks, Inc. $ANET

Posted by Brenda Bartman on Oct 9th, 2026

Graves Light Lenhart Wealth Inc. purchased a new stake in Arista Networks, Inc. (NYSE:ANET – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,207 shares of the technology company’s stock, valued at approximately $1,060,000.

Other institutional investors have also recently bought and sold shares of the company. ABS Investment Management LLC bought a new position in Arista Networks in the 2nd quarter valued at $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks during the second quarter worth $29,000. Kelleher Financial Advisors bought a new stake in shares of Arista Networks during the second quarter worth $31,000. Cornerstone Financial Management LLC lifted its stake in shares of Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after acquiring an additional 70 shares during the period. Finally, Sankala Group LLC acquired a new position in shares of Arista Networks during the fourth quarter valued at $27,000. Institutional investors own 82.47% of the company’s stock.

Key Arista Networks News

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

Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio for high-density AI infrastructure. The systems support scale-up and scale-out architectures, liquid-cooled deployments and improved resiliency, potentially expanding Arista’s role in hyperscale data centers. Partners include AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
Positive Sentiment: Investment commentary continues to identify ANET as a potential beneficiary of accelerating AI infrastructure spending. Arista’s open, interoperable Ethernet technology could benefit as cloud providers seek alternatives to proprietary networking systems and reduce dependence on a single vendor. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
Positive Sentiment: The company’s latest results reinforce the growth narrative: revenue rose 37.7% year over year to $3.04 billion and EPS of $1.02 exceeded the $0.89 consensus estimate. Management’s quarterly EPS outlook of $1.06 to $1.08 also points to continued momentum.
Neutral Sentiment: Arista’s CFO sold 1,224 shares for approximately $263,000 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 1.75%. Because the sale was scheduled in advance and she retains a substantial stake, the transaction is a limited sentiment concern. Arista Networks CFO Insider Sale
Negative Sentiment: CEO Jayshree Ullal sold roughly 460,000 shares valued at $97.6 million, also through a pre-arranged plan. She still owns approximately 4.8 million shares, but the large transaction may weigh on investor sentiment. Arista Networks Plugs Into All-Time Highs
Negative Sentiment: With a P/E ratio near 67, investors are demanding sustained AI-driven growth. Customer concentration, possible margin pressure and a recent Zacks downgrade from “strong buy” to “hold” create near-term downside risks. Arista Networks Rating Downgrade

Arista Networks Stock Down 2.3%

NYSE:ANET opened at $210.88 on Friday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.32. The firm has a market capitalization of $265.97 billion, a P/E ratio of 66.53, a P/E/G ratio of 2.54 and a beta of 1.60. The stock’s fifty day simple moving average is $197.40 and its 200-day simple moving average is $171.74.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS 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 business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s 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, equities research analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ANET shares. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Piper Sandler restated an “overweight” rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Citigroup reiterated a “buy” rating and set a $248.00 price target (up from $215.00) on shares of Arista Networks in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Get Our Latest Research Report on ANET

Insider Transactions at Arista Networks

In related news, 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 sale, the insider directly owned 462,400 shares in the company, valued at $78,843,824. This trade represents a 5.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,371,914 shares of company stock worth $685,305,594. 2.70% of the stock is currently owned by company insiders.

About Arista Networks

(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.