Wedge Capital Management L L P NC Has $82.42 Million Position in Arista Networks, Inc. $ANET

Wedge Capital Management L L P NC boosted its holdings in Arista Networks, Inc. (NYSE:ANET) by 12.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,198 shares of the technology company’s stock after acquiring an additional 53,533 shares during the quarter. Arista Networks accounts for 1.4% of Wedge Capital Management L L P NC’s portfolio, making the stock its 9th largest position. Wedge Capital Management L L P NC’s holdings in Arista Networks were worth $82,425,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ANET. Lighthouse Financial Services Inc. ADV bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $1,549,000. Bensler LLC bought a new stake in Arista Networks during the fourth quarter worth approximately $6,350,000. QRG Capital Management Inc. raised its holdings in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after purchasing an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. acquired a new stake in Arista Networks in the fourth quarter worth approximately $3,058,000. Finally, Jefferies Financial Group Inc. lifted its position in Arista Networks by 59.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 6,591 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks News Roundup

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

• Positive Sentiment: Zacks upgraded Arista Networks from “Hold” to “Strong Buy,” adding to the bullish analyst coverage following the company’s latest results. Zacks.com
• Positive Sentiment: Arista’s second-quarter results exceeded expectations. Revenue reached $3.04 billion, up 37.7% year over year and above consensus by approximately $210 million, while non-GAAP earnings per share of $1.02 beat estimates by $0.13. The first quarter above $3 billion in revenue reinforced the AI and hyperscaler data-center spending story. Arista’s Record Quarter Reignites The AI Networking Debate
• Positive Sentiment: Short interest fell 35.6% in July to 12.8 million shares, equal to about 1.0% of shares outstanding and 1.9 days to cover. The decline reduces bearish positioning and may support continued momentum.
• Positive Sentiment: Analysts continue raising expectations. Estimate revisions reflect demand for AI and cloud infrastructure, while the average price target remains above the current share price. Arista Estimate Revisions
• Neutral Sentiment: Supply availability, rather than customer orders, may be the key near-term constraint. Arista is securing components as it raises its outlook, making supply agreements important to future growth. Arista Networks Stock Is Waiting on Parts, Not Orders
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 111,848 shares for about $21.6 million, cutting his position by roughly half. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a bearish signal. Andreas Bechtolsheim Share Sale
• Negative Sentiment: Valuation is elevated after the recent rally, leaving ANET vulnerable to profit-taking if AI spending or margins disappoints.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 111,848 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $192.75, for a total value of $21,558,702.00. Following the sale, the insider owned 109,833 shares in the company, valued at approximately $21,170,310.75. The trade was a 50.45% 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 three months, insiders sold 3,819,659 shares of company stock valued at $687,397,841. 2.70% of the stock is currently owned by company insiders.

Arista Networks Stock Performance

NYSE ANET opened at $197.35 on Wednesday. The stock has a market capitalization of $248.90 billion, a P/E ratio of 62.25, a P/E/G ratio of 1.98 and a beta of 1.60. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The business’s fifty day moving average is $171.74 and its two-hundred day moving average is $153.43.

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, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion during 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 company’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group restated a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $226.05.

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.