Arista Networks, Inc. $ANET Shares Sold by Concorde Asset Management LLC

Concorde Asset Management LLC lowered its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 46.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,605 shares of the technology company’s stock after selling 3,139 shares during the quarter. Concorde Asset Management LLC’s holdings in Arista Networks were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ANET. Brighton Jones LLC increased its position in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC purchased a new position in Arista Networks during the 4th quarter worth $251,000. Sivia Capital Partners LLC increased its position in Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $140.08, for a total value of $4,482,560.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,817,678.08. This trade represents a 71.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 242,422 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $188.17, for a total value of $45,616,547.74. Following the transaction, the chief executive officer directly owned 5,171,095 shares in the company, valued at $973,044,946.15. This trade represents a 4.48% decrease in their ownership of the stock. 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 90 days, insiders have sold 2,300,316 shares of company stock worth $382,160,575. 2.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ANET has been the topic of a number of recent analyst reports. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Needham & Company LLC lifted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $189.74.

Arista Networks Trading Up 5.6%

ANET stock opened at $180.66 on Friday. The company has a market cap of $227.49 billion, a PE ratio of 61.87, a price-to-earnings-growth ratio of 2.77 and a beta of 1.60. The stock has a 50-day moving average price of $167.39 and a two-hundred day moving average price of $150.11. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $189.82.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business posted $0.65 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: AI demand and earnings expectations are lifting sentiment. Arista’s large AI-related sales, infrastructure positioning and upcoming earnings report are being cited as key reasons for investor enthusiasm. The company’s long-term share appreciation also reflects sustained institutional interest. Arista Networks’ Huge AI Sales, Upcoming Earnings Lift Shares
• Positive Sentiment: Analysts raised fiscal 2026 EPS estimates. The upward revision provides an additional bullish signal ahead of the company’s results and suggests expectations for continued earnings growth. FY2026 EPS Estimates for Arista Networks Lifted by Analyst
• Positive Sentiment: Arista is viewed as a higher-quality AI infrastructure investment. A comparison with BigBear.ai highlights Arista’s profitability, established networking business and ability to benefit from data-center and AI spending. Arista Networks vs. BigBear.ai: Which Tech Stock Is a Better Buy in 2026?
• Positive Sentiment: Fresh AI momentum supports the broader growth narrative. Recent coverage points to continued demand for Arista’s networking products as AI data centers expand, reinforcing the company’s strong revenue and profit outlook. Arista Networks Gains Fresh AI Momentum
• Negative Sentiment: Insider selling remains a short-term concern. A report linked a recent decline of roughly 7% to insider selling, which may pressure sentiment even as the fundamental AI growth story remains intact. Arista Networks Stock Price Down 7% on Insider Selling

Arista Networks Company Profile

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.