286,676 Shares in Arista Networks, Inc. $ANET Purchased by Gradient Investments LLC

Gradient Investments LLC acquired a new stake in Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 286,676 shares of the technology company’s stock, valued at approximately $58,364,000. Arista Networks accounts for about 0.8% of Gradient Investments LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Arista Networks by 3.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company’s stock valued at $1,248,570,000 after buying an additional 287,385 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after buying an additional 388,354 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the transaction, the insider owned 462,400 shares in the company, valued at approximately $78,843,824. The trade was a 5.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. The trade was a 4.47% 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. In the last ninety days, insiders sold 3,144,894 shares of company stock worth $631,310,023. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ANET shares. Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Truist Financial boosted their price objective on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Arista Networks in a research report on Thursday. KeyCorp reaffirmed an “overweight” rating and issued a $250.00 target price (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 report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks has an average rating of “Moderate Buy” and an average target price of $231.70.

Arista Networks Trading Down 2.4%

Shares of NYSE:ANET traded down $5.08 during midday trading on Thursday, hitting $210.75. The company had a trading volume of 2,429,803 shares, compared to its average volume of 7,906,116. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.32. The firm has a fifty day simple moving average of $196.59 and a 200 day simple moving average of $171.18. The stock has a market cap of $265.81 billion, a price-to-earnings ratio of 66.66, a PEG ratio of 2.53 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS 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 business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The firm’s revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

Trending Headlines about Arista Networks

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

Arista Networks Company Profile

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.