Hennion & Walsh Asset Management Inc. Grows Position in Arista Networks, Inc. $ANET

Hennion & Walsh Asset Management Inc. raised its stake in Arista Networks, Inc. (NYSE:ANET) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,834 shares of the technology company’s stock after acquiring 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.

Other large investors have also made changes to their positions in the company. Main Street Group LTD acquired a new position in Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth about $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks during the fourth quarter worth about $28,000. Hilton Head Capital Partners LLC grew its holdings in shares of Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after buying an additional 159 shares in the last quarter. Finally, NBT Bank N A NY raised its position in shares of Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Down 1.9%

Shares of ANET opened at $188.61 on Friday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The company’s fifty day moving average is $170.89 and its two-hundred day moving average is $152.33. The firm has a market cap of $237.88 billion, a PE ratio of 59.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS 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 during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.33 earnings per share for the current year.

Insider Transactions at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the completion of the transaction, the director directly owned 184,333 shares in the company, valued at $33,367,959.66. This represents a 4.16% 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. Over the last ninety days, insiders have sold 3,707,811 shares of company stock valued at $665,839,139. Insiders own 2.70% of the company’s stock.

Arista Networks News Summary

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.

Analyst Ratings Changes

A number of analysts recently issued reports on ANET shares. Truist Financial raised their target price on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of Arista Networks in a research note on Thursday. TD Cowen raised their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group reaffirmed a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research report on Wednesday. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $226.05.

Arista Networks 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.