Arista Networks, Inc. $ANET Stock: HBW Advisory Services LLC Raises Stake

HBW Advisory Services LLC increased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 435.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,903 shares of the technology company’s stock after buying an additional 26,762 shares during the quarter. HBW Advisory Services LLC’s holdings in Arista Networks were worth $6,699,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Arista Networks in the 3rd quarter worth about $239,114,000. B.A. Schrock Wealth Management Inc. acquired a new position in Arista Networks during the 3rd quarter valued at about $295,000. Winnacle Wealth LLC acquired a new position in Arista Networks during the 3rd quarter valued at about $3,681,000. Nolet Wealth Management LLC acquired a new position in Arista Networks during the 3rd quarter valued at about $247,000. Finally, Howard Financial Services LTD. grew its position in Arista Networks by 17.7% in the 3rd quarter. Howard Financial Services LTD. now owns 5,739 shares of the technology company’s stock worth $1,168,000 after purchasing an additional 861 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks News Summary

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

• Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch reinforces the company’s position in AI networking and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank modestly raised its FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 forecast to $4.74 from $4.73, while maintaining a Buy rating. The revisions suggest continued confidence in Arista’s earnings growth.
• Positive Sentiment: A separate report said Arista’s revenue outlook was raised for the third time this year and non-cancellable purchase commitments climbed 2.7 times to $9.7 billion. If accurate, the commitments provide stronger visibility into future demand. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s previous quarterly results exceeded expectations, with revenue up 37.7% year over year and EPS of $1.02 versus the $0.89 consensus. However, the stock trades at a high earnings multiple, leaving less room for disappointment.
• Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million and another 27,990 shares for about $6.1 million. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and Ullal still owns roughly 4.8 million shares, which reduces—but does not eliminate—the negative signal from the sales.
• Negative Sentiment: The stock recently declined more than the broader market after gaining about 58% year to date and reaching near its 52-week high. The move appears consistent with profit-taking and valuation concerns rather than a reported deterioration in Arista’s business outlook. Arista Networks Registers a Bigger Fall Than the Market

Arista Networks Stock Performance

Shares of ANET opened at $195.11 on Thursday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The stock’s fifty day moving average is $198.83 and its 200-day moving average is $173.87. The firm has a market capitalization of $246.07 billion, a price-to-earnings ratio of 61.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted 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 the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Sanford C. Bernstein began coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 price target on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their position. The transaction was disclosed in a filing 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 stock was 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 approximately $3,297,589,536.82. This represents a 4.47% 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 three months, insiders have sold 3,627,449 shares of company stock worth $740,784,723. 2.70% of the stock is owned by corporate insiders.

Arista Networks 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.