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

Waverly Advisors LLC grew its position in shares of Arista Networks, Inc. (NYSE:ANET) by 17.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,505 shares of the technology company’s stock after purchasing an additional 3,553 shares during the quarter. Waverly Advisors LLC’s holdings in Arista Networks were worth $2,886,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Lighthouse Financial Services Inc. ADV purchased a new stake in Arista Networks during the fourth quarter valued at about $1,549,000. Bensler LLC purchased a new position in shares of Arista Networks in the fourth quarter worth about $6,350,000. QRG Capital Management Inc. lifted its stake in shares of Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after acquiring an additional 10,217 shares during the last quarter. Reaves W H & Co. Inc. purchased a new stake in Arista Networks during the 4th quarter valued at about $3,058,000. Finally, Jefferies Financial Group Inc. grew its position in Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after acquiring an additional 6,591 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

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%

Shares of Arista Networks stock opened at $157.75 on Thursday. The company’s fifty day simple moving average is $166.43 and its two-hundred day simple moving average is $149.56. The company has a market cap of $198.64 billion, a P/E ratio of 54.02, a PEG ratio of 2.60 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $189.82.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate 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 for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on ANET. Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Barclays reiterated an “overweight” rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. TD Cowen restated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $189.74.

Insider Activity at Arista Networks

In other Arista Networks 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 transaction, the chief executive officer owned 5,134,207 shares in the company, valued at approximately $961,020,866.26. This represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total value of $1,336,480.00. Following the completion of the transaction, the director directly owned 192,333 shares of the company’s stock, valued at $32,131,150.98. This represents a 3.99% 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. Over the last ninety days, insiders have sold 2,308,316 shares of company stock valued at $383,563,775. 2.70% of the stock is currently owned by corporate insiders.

About Arista Networks

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.