Arista Networks, Inc. $ANET Stock: ProShare Advisors LLC Grows Holdings

ProShare Advisors LLC increased its position in Arista Networks, Inc. (NYSE:ANET) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 211,005 shares of the technology company’s stock after buying an additional 6,060 shares during the quarter. ProShare Advisors LLC’s holdings in Arista Networks were worth $42,959,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ANET. William Mack & Associates Inc. purchased a new stake in Arista Networks during the third quarter valued at about $27,000. ABS Investment Management LLC purchased a new position in shares of Arista Networks in the 2nd quarter worth about $29,000. ABS Direct Equity Fund LLC purchased a new position in shares of Arista Networks in the 2nd quarter worth about $29,000. Balance Wealth Partners LLC purchased a new position in shares of Arista Networks in the 3rd quarter worth about $35,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Arista Networks in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista’s leadership in high-speed networking for hyperscale cloud and artificial-intelligence data centers remains a key investment argument. A comparison with Figma highlights Arista’s established infrastructure position, while Figma is still expanding its collaborative design platform and generative-AI tools. Arista Networks vs. Figma: Which Technology Stock Is a Better Buy in 2026?
• Positive Sentiment: Analysts and market commentary continue to point to accelerating AI infrastructure investment as a long-term growth driver. One valuation analysis suggests ANET could be roughly 23% undervalued if its AI-related outlook and product expansion are realized. Arista Networks Could Be 23% Undervalued Following Its AI Infrastructure Outlook
• Positive Sentiment: Arista was included among high-return-on-equity stocks positioned to benefit from the AI-driven market rally, reinforcing its reputation for strong profitability and capital efficiency. 5 Stocks With High ROE to Bet on as AI-Infused Rally Spurs Markets
• Neutral Sentiment: The global AI data-center market is forecast to expand substantially through 2036, offering a favorable industry backdrop for Arista, although the report covers many competing equipment and infrastructure suppliers. Global AI Data Center Market Size, Share, Trends, and Forecast
• Negative Sentiment: Investors appear cautious ahead of earnings: shares have pulled back nearly 10% over the past month and roughly 20% from their high as profit-taking and valuation concerns increase the risk of disappointment. Arista trades at a premium multiple, leaving limited room for weaker guidance or supply-chain issues. Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings?
• Negative Sentiment: Recent trading coverage noted ANET underperformed the broader market, while attention on a Prometheus networking deployment adds another near-term execution and product-adoption uncertainty. Arista Networks Stocks Move Lower With Prometheus Networking Deployment in Focus

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $168.63 on Monday. The company has a market cap of $212.68 billion, a P/E ratio of 53.20, a PEG ratio of 1.96 and a beta of 1.60. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The business’s 50-day simple moving average is $195.18 and its 200 day simple moving average is $164.70.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. Arista Networks’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Analysts Set New Price Targets

ANET has been the subject of a number of research analyst reports. KeyCorp reissued an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. UBS Group reiterated a “buy” rating and set a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Bank of America reissued a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $232.95.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the completion of the transaction, the insider owned 180,843,048 shares of the company’s stock, valued at $36,638,801,524.80. This trade represents a 0.17% decrease in their ownership of the stock. 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. Over the last three months, insiders have sold 3,619,449 shares of company stock worth $739,787,226. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.