WealthCare Asset Management LLC decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 32.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,758 shares of the technology company’s stock after selling 4,120 shares during the quarter. Arista Networks comprises about 1.5% of WealthCare Asset Management LLC’s holdings, making the stock its 19th biggest position. WealthCare Asset Management LLC’s holdings in Arista Networks were worth $1,783,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of ANET. State Street Corp boosted its position in Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Arista Networks by 34.6% during the 2nd 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 acquiring an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the last quarter. Deutsche Bank AG raised its holdings in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after acquiring an additional 388,354 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Arista Networks by 5.9% in the 2nd quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock worth $1,433,951,000 after purchasing an additional 470,451 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Ethernet gaining ground in AI infrastructure: Arista is positioned as an open-Ethernet alternative to Nvidia’s InfiniBand, with the company reportedly winning more AI infrastructure deals. Its use of Broadcom silicon may support a lower-cost, flexible networking architecture and expand Arista’s addressable market. The Ethernet Tollbooth: Arista Rides Broadcom Silicon to Break Nvidia’s InfiniBand Monopoly
- Positive Sentiment: Strong operating momentum: Recent results showed Arista’s first quarterly revenue above $3 billion, with revenue rising 37.7% year over year and earnings exceeding estimates. The performance reinforces the bullish view that AI data-center demand can continue driving growth. Up 13% In Last 12 Months, Can Arista Networks Stock Give Better Returns in 2026?
- Positive Sentiment: Higher earnings expectations: An analyst raised the fiscal 2027 EPS estimate, indicating improving confidence in Arista’s growth and profitability outlook. FY2027 EPS Estimate for Arista Networks Lifted by Analyst
- Neutral Sentiment: Institutional and analyst views: Coverage of investment-firm sentiment suggests continued interest in ANET, but the article provides limited new company-specific information. Arista Networks, Inc. (ANET) – What Are Investment Firms Thinking About This Stock?
- Negative Sentiment: Insider selling: Arista insiders have been selling shares alongside insiders at other AI companies. While this may reflect diversification rather than deteriorating fundamentals, it can raise caution when the stock trades at a premium valuation. Insiders Are Selling These 5 AI Stocks—Should You Worry?
- Negative Sentiment: Data-center funding risk: Elon Musk’s warning that debt financing for AI data centers is tightening raises the possibility of delayed or canceled projects, which could slow networking demand if capital spending weakens. Is Money for AI Data Centers Drying Up?
Arista Networks Trading Up 2.7%
Shares of ANET opened at $176.95 on Tuesday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The firm has a 50-day moving average price of $196.38 and a 200 day moving average price of $163.35. The firm has a market capitalization of $223.18 billion, a P/E ratio of 55.82, a P/E/G ratio of 2.00 and a beta of 1.60.
Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 38.37% and a return on equity of 30.65%. Arista Networks’s revenue was up 37.7% compared to the same quarter last year. During the same period last year, the business earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on ANET shares. UBS Group restated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. TD Cowen cut their price target on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a report on Monday, October 19th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Bank of America reiterated a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $233.20.
View Our Latest Stock Analysis on ANET
Insider Activity
In other news, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total transaction of $263,160.00. Following the sale, the chief financial officer owned 68,697 shares of the company’s stock, valued at approximately $14,769,855. The trade was a 1.75% 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, Director Mark Templeton sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 48,410 shares in the company, valued at $9,893,551.70. This represents a 9.36% 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. Insiders have sold 3,627,449 shares of company stock worth $741,235,386 over the last quarter. 2.70% of the stock is currently owned by corporate insiders.
Arista Networks 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.
Further Reading
- Five stocks we like better than Arista Networks
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET – Free Report).
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.
