Arista Networks, Inc. $ANET Shares Sold by Robbins Farley

Robbins Farley decreased its stake in Arista Networks, Inc. (NYSE:ANET) by 18.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 30,829 shares of the technology company’s stock after selling 6,829 shares during the quarter. Arista Networks accounts for about 2.3% of Robbins Farley’s portfolio, making the stock its 12th largest position. Robbins Farley’s holdings in Arista Networks were worth $6,276,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bell Bank increased its stake in Arista Networks by 2.2% in the third quarter. Bell Bank now owns 9,096 shares of the technology company’s stock valued at $1,852,000 after acquiring an additional 197 shares during the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new stake in Arista Networks during the third quarter valued at about $209,000. Physician Wealth Advisors Inc. lifted its stake in Arista Networks by 33.6% during the third quarter. Physician Wealth Advisors Inc. now owns 545 shares of the technology company’s stock worth $111,000 after purchasing an additional 137 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Arista Networks by 3.4% during the third quarter. Nisa Investment Advisors LLC now owns 212,471 shares of the technology company’s stock worth $43,257,000 after purchasing an additional 7,020 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its stake in Arista Networks by 3.2% during the third quarter. Integrated Advisors Network LLC now owns 4,179 shares of the technology company’s stock worth $851,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $181.59 on Wednesday. The company has a market capitalization of $229.03 billion, a P/E ratio of 57.28, a PEG ratio of 2.12 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The stock has a 50 day moving average price of $197.98 and a two-hundred day moving average price of $175.58.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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 firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business’s quarterly 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.

Arista Networks News Roundup

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for high-density AI infrastructure with up to 144 accelerators per rack. The offering could help the company capture demand from cloud providers and “neocloud” operators seeking lower-cost, standards-based alternatives to proprietary interconnects. Is Open AI Rack Launch Altering the Investment Case for Arista Networks Stock?
• Positive Sentiment: Analysts and financial commentators expect another strong quarterly report on November 3. Arista is projected to generate approximately $3.3 billion in third-quarter revenue, representing about 44% year-over-year growth, supported by AI data-center networking demand. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target from $250 to $205. The revised target still implies approximately 12.9% upside from the referenced share price, suggesting the firm views the recent weakness as excessive relative to Arista’s growth outlook.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ANET shares. Jefferies Financial Group set a $250.00 price objective on Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a report on Monday, August 31st. They set a “buy” rating and a $220.00 price objective on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Truist Financial upped their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $233.20.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 130,553 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the sale, the chief executive officer owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the transaction, the director owned 48,410 shares in the company, valued at $9,893,551.70. The trade was a 9.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,584,116 shares of company stock worth $733,396,013 over the last ninety days. Insiders own 2.70% of the company’s stock.

About Arista Networks

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.