Robertson Stephens Wealth Management LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 150.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,352 shares of the technology company’s stock after purchasing an additional 12,229 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Arista Networks were worth $4,143,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ANET. Frank Rimerman Advisors LLC boosted its stake in shares of Arista Networks by 75.1% in the third quarter. Frank Rimerman Advisors LLC now owns 22,216 shares of the technology company’s stock valued at $4,523,000 after purchasing an additional 9,529 shares during the period. Birch Hill Investment Advisors LLC increased its stake in Arista Networks by 978.1% during the 3rd quarter. Birch Hill Investment Advisors LLC now owns 52,979 shares of the technology company’s stock worth $10,786,000 after buying an additional 48,065 shares during the period. Absolute Capital Management LLC increased its stake in Arista Networks by 98.2% during the 3rd quarter. Absolute Capital Management LLC now owns 12,281 shares of the technology company’s stock worth $2,500,000 after buying an additional 6,084 shares during the period. Forbes J M & Co. LLP increased its stake in Arista Networks by 12.9% during the 3rd quarter. Forbes J M & Co. LLP now owns 105,114 shares of the technology company’s stock worth $19,722,000 after buying an additional 12,027 shares during the period. Finally, 1834 Investment Advisors Co. acquired a new position in Arista Networks in the 3rd quarter worth $20,705,000. 82.47% of the stock is owned by institutional investors and hedge funds.
Arista Networks Trading Down 4.7%
Shares of NYSE ANET opened at $176.84 on Friday. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The company has a market capitalization of $223.03 billion, a price-to-earnings ratio of 55.78, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. The business has a 50 day simple moving average of $198.46 and a 200-day simple moving average of $174.34.
Arista Networks (NYSE:ANET – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue 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 analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.
Insiders Place Their Bets
In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction 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 sale, the insider owned 181,143,048 shares in the company, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 the stock in a transaction 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 sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This trade represents a 4.47% 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 ninety days, insiders sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
- Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
- Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
- Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
- Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ANET. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. UBS Group restated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial lifted their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $235.45.
View Our Latest Stock Report on ANET
Arista Networks Company Profile
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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