Arista Networks, Inc. $ANET Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lifted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,834 shares of the technology company’s stock after purchasing an additional 3,840 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Arista Networks were worth $11,354,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ANET. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares during the period. State Street Corp raised its holdings in Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after purchasing an additional 380,724 shares in the last quarter. Geode Capital Management LLC increased its position in Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after purchasing an additional 477,625 shares during the period. Finally, Norges Bank acquired a new position in Arista Networks during the 4th quarter worth approximately $1,558,563,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks News Roundup

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

• Positive Sentiment: Record earnings reinforced the growth story: Arista reported adjusted EPS of $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion, exceeding expectations of $2.83 billion. It was the company’s first quarter above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and enterprise spending on AI data-center infrastructure is supporting Arista’s switching, routing and cloud networking businesses. The company also introduced new 1.6 Tbps AI networking platforms that could expand its Ethernet opportunity, although customer adoption and execution remain key. How Arista’s New AI Platform Could Expand ANET’s Growth Story
• Positive Sentiment: Management raised its outlook: Arista guided for approximately $3.3 billion of third-quarter revenue and $1.06–$1.08 in EPS. Its 2026 revenue outlook was lifted to $12.6 billion, helped by improving supply availability and sustained AI demand. Arista Projects $12.6 Billion 2026 Revenue
• Positive Sentiment: Analysts remain bullish: Rosenblatt, TD Cowen, Piper Sandler and Truist raised price targets to $280, $250, $240 and $234, respectively, while maintaining positive ratings. Additional coverage describes ANET as a high-growth stock with strong profitability and return on equity.
• Neutral Sentiment: Insider sale was planned: Director Charles Giancarlo sold 8,000 shares for about $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, limiting the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation is a near-term concern: Following a roughly 30% three-month rally, ANET trades at an elevated earnings multiple. Investors may be taking profits because substantial AI growth is already reflected in the stock, leaving limited room for weaker demand, margin pressure, supply issues or guidance misses.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANET. UBS Group reissued a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday. Wolfe Research reiterated an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday. Finally, Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $226.05.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider directly owned 181,443,048 shares of the company’s stock, valued at approximately $36,887,371,658.40. This represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% 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. In the last 90 days, insiders sold 3,707,811 shares of company stock valued at $665,839,139. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 1.9%

ANET stock opened at $188.61 on Friday. The firm has a 50 day moving average of $170.89 and a 200-day moving average of $152.33. The company has a market cap of $237.88 billion, a price-to-earnings ratio of 59.50, a PEG ratio of 2.17 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89.

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. 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 for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the prior year, the firm posted $0.73 EPS. The company’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 3.33 earnings per share for the current fiscal year.

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.