5,632 Shares of Arista Networks, Inc. $ANET Purchased by New Covenant Trust Company N.A.

New Covenant Trust Company N.A. purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, HoldingsChannel reports. The firm purchased 5,632 shares of the technology company’s stock, valued at approximately $1,147,000.

Other hedge funds also recently made changes to their positions in the company. Main Street Group LTD acquired a new position in Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks in the fourth quarter valued at approximately $27,000. ABS Investment Management LLC bought a new position in shares of Arista Networks during the second quarter worth approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks in the 2nd quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC grew its holdings in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after buying an additional 159 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mark B. Templeton sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the sale, the director directly owned 48,410 shares in the company, valued at $9,893,551.70. This represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the completion of the transaction, the insider owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This trade represents a 0.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,144,894 shares of company stock valued at $631,310,023 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Stock Down 1.8%

Shares of NYSE ANET traded down $3.91 during midday trading on Thursday, reaching $211.92. 2,300,145 shares of the company were exchanged, compared to its average volume of 7,904,759. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.32. The stock has a market cap of $267.27 billion, a P/E ratio of 66.97, a PEG ratio of 2.53 and a beta of 1.60. The stock’s 50-day moving average price is $196.59 and its 200-day moving average price is $171.18.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.74 EPS for the current year.

More Arista Networks News

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

• Positive Sentiment: New AI networking portfolio strengthens growth outlook. Arista launched open Ethernet rack-scale architectures for high-density AI infrastructure, including scale-up and scale-out networking, liquid-cooled systems, and support for large accelerator clusters. The portfolio was developed with major partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm, potentially positioning Arista to benefit as hyperscalers seek alternatives to proprietary interconnects such as NVIDIA’s InfiniBand. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investors and fund managers remain constructive on Arista’s AI opportunity. Recent investment commentary describes the company as a potential key beneficiary of AI infrastructure spending, citing solid execution, a clearer path to AI monetization and raised guidance. The stock has also recently benefited from broad demand for AI networking equipment. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Positive Sentiment: Recent operating performance supports the bullish thesis. Arista’s latest reported quarter exceeded consensus expectations, with revenue of approximately $3.04 billion, year-over-year growth of 37.7%, and EPS of $1.02 versus an estimated $0.89. Management’s next-quarter EPS outlook of $1.06-$1.08 indicates continued momentum ahead of the company’s November 3 earnings release. Arista Networks to Announce Q3 2026 Financial Results
• Neutral Sentiment: The stock recently reached a new 52-week high before retreating. Strong AI enthusiasm and buying among technology stocks pushed ANET to record levels, but the subsequent decline reflects normal profit-taking and increased sensitivity to market conditions. Arista Networks Reaches a Fresh 52-Week High
• Negative Sentiment: Valuation and a Zacks downgrade are near-term headwinds. Zacks Research lowered Arista from “strong buy” to “hold.” With the shares trading at roughly 67 times earnings, investors may be demanding sustained, above-market growth, leaving the stock vulnerable to profit-taking, higher interest rates and any signs of slowing AI spending. Arista Networks Stock Rating Lowered by Zacks Research

Analyst Ratings Changes

A number of equities analysts recently commented on ANET shares. UBS Group reaffirmed a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities increased their price target on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $231.70.

About Arista Networks

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.