Arista Networks, Inc. $ANET Holdings Decreased by Cornerstone Advisors LLC

Cornerstone Advisors LLC lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 15.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,362 shares of the technology company’s stock after selling 22,323 shares during the quarter. Arista Networks comprises about 0.8% of Cornerstone Advisors LLC’s portfolio, making the stock its 25th biggest holding. Cornerstone Advisors LLC’s holdings in Arista Networks were worth $24,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of ANET. Aberdeen Group plc raised its position in shares of Arista Networks by 1.2% during the 3rd quarter. Aberdeen Group plc now owns 1,201,157 shares of the technology company’s stock worth $244,544,000 after buying an additional 14,384 shares in the last quarter. ProVise Management Group LLC bought a new position in shares of Arista Networks in the third quarter valued at approximately $201,000. Stonebridge Financial Planning Group LLC bought a new position in shares of Arista Networks in the third quarter valued at approximately $232,000. Moors & Cabot Inc. boosted its holdings in shares of Arista Networks by 0.9% in the third quarter. Moors & Cabot Inc. now owns 63,442 shares of the technology company’s stock valued at $12,916,000 after acquiring an additional 549 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Arista Networks by 3.1% during the third quarter. Allworth Financial LP now owns 50,003 shares of the technology company’s stock valued at $10,180,000 after acquiring an additional 1,513 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Latest Arista Networks News

Investors following ANET have been watching these news items:

• Positive Sentiment: Arista’s latest quarter topped expectations, and management forecast fourth-quarter revenue of $3.9 billion to $4.0 billion. KeyCorp also raised its earnings estimates, while analyst price targets suggest potential upside. Arista Networks guides higher KeyCorp boosts earnings estimates
• Neutral Sentiment: Arista was highlighted as a high-return-on-equity stock and as one of a few AI names holding up relatively well during a broader AI-stock correction. These rankings may support investor interest but do not remove market-wide risk. Zacks high-ROE stocks AI stocks holding up
• Negative Sentiment: ANET shares decreased alongside Cisco and Hewlett Packard Enterprise as investors reassessed growth prospects across networking. Cisco’s strong AI outlook did not prevent a selloff, with commentary questioning whether its growth has peaked—a concern that may weigh on peers, including Arista. Networking stocks retreat

Analyst Ratings Changes

ANET has been the topic of several recent analyst reports. BNP Paribas Exane raised Arista Networks to a “strong-buy” rating in a report on Wednesday, October 14th. UBS Group reaffirmed a “buy” rating and set a $291.00 price target (up from $259.00) on shares of Arista Networks in a research note on Wednesday, November 4th. Bank of America reaffirmed a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank started coverage on Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price objective on shares of Arista Networks in a research note on Wednesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Arista Networks has an average rating of “Buy” and a consensus target price of $240.24.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 460,374 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $212.09, for a total transaction of $97,640,721.66. Following the completion of the sale, the chief executive officer owned 4,811,207 shares in the company, valued at approximately $1,020,408,892.63. This represents a 8.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $185.42, for a total value of $4,820,920.00. Following the sale, the insider directly owned 452,400 shares of the company’s stock, valued at approximately $83,884,008. This represents a 5.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 2,067,489 shares of company stock valued at $406,340,373. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Price Performance

Shares of ANET opened at $197.24 on Friday. The firm’s 50 day moving average is $192.89 and its 200-day moving average is $167.10. The stock has a market capitalization of $249.20 billion, a P/E ratio of 53.02, a P/E/G ratio of 1.84 and a beta of 1.61. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The business’s quarterly revenue was up 58.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts forecast that Arista Networks, Inc. will post 4.01 EPS for the current fiscal year.

Arista Networks Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.