Arista Networks, Inc. $ANET Shares Sold by Profund Advisors LLC

Profund Advisors LLC trimmed its holdings in Arista Networks, Inc. (NYSE:ANET) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,949 shares of the technology company’s stock after selling 4,423 shares during the quarter. Profund Advisors LLC’s holdings in Arista Networks were worth $6,504,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ANET. State Street Corp raised its position in Arista Networks by 159.4% in the 2nd 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 during the last quarter. Jupiter Topco LLC bought a new position in shares of Arista Networks in the second quarter worth about $1,101,860,000. Envestnet Asset Management Inc. increased its stake in shares of Arista Networks by 199.0% in the second 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 period. Alyeska Investment Group L.P. acquired a new position in shares of Arista Networks during the second quarter valued at about $537,736,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after purchasing an additional 2,497,275 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks News Summary

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

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 130,553 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the sale, the chief executive officer directly owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of Arista Networks stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the sale, the director directly owned 48,410 shares in the company, valued at $9,893,551.70. This represents a 9.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,627,449 shares of company stock worth $741,235,386 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 8.5%

ANET stock opened at $168.63 on Friday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The company has a market cap of $212.68 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60. The stock has a 50-day moving average price of $195.18 and a two-hundred day moving average price of $164.70.

Arista Networks (NYSE:ANET) last announced 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 company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Morgan Stanley restated an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities upped their price target on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price objective on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Truist Financial upped their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $233.20.

About Arista Networks

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.