22,715 Arista Networks, Inc. $ANET Shares Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 284.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,708 shares of the technology company’s stock after acquiring an additional 22,715 shares during the period. Arista Networks comprises approximately 1.3% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 14th largest holding. Legacy Wealth Asset Management LLC’s holdings in Arista Networks were worth $6,252,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake 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 valued at $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of 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 worth $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Arista Networks by 3.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,528,887 shares of the technology company’s stock worth $1,248,570,000 after buying an additional 287,385 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of 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 buying an additional 388,354 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price objective on the stock. Citigroup restated a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Evercore reissued an “outperform” rating on shares of Arista Networks in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks News Roundup

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

• Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio for high-density AI infrastructure. The systems support scale-up and scale-out architectures, liquid-cooled deployments and improved resiliency, potentially expanding Arista’s role in hyperscale data centers. Partners include AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investment commentary continues to identify ANET as a potential beneficiary of accelerating AI infrastructure spending. Arista’s open, interoperable Ethernet technology could benefit as cloud providers seek alternatives to proprietary networking systems and reduce dependence on a single vendor. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Positive Sentiment: The company’s latest results reinforce the growth narrative: revenue rose 37.7% year over year to $3.04 billion and EPS of $1.02 exceeded the $0.89 consensus estimate. Management’s quarterly EPS outlook of $1.06 to $1.08 also points to continued momentum.
• Neutral Sentiment: Arista’s CFO sold 1,224 shares for approximately $263,000 under a pre-arranged Rule 10b5-1 plan, reducing her direct ownership by 1.75%. Because the sale was scheduled in advance and she retains a substantial stake, the transaction is a limited sentiment concern. Arista Networks CFO Insider Sale
• Negative Sentiment: CEO Jayshree Ullal sold roughly 460,000 shares valued at $97.6 million, also through a pre-arranged plan. She still owns approximately 4.8 million shares, but the large transaction may weigh on investor sentiment. Arista Networks Plugs Into All-Time Highs
• Negative Sentiment: With a P/E ratio near 67, investors are demanding sustained AI-driven growth. Customer concentration, possible margin pressure and a recent Zacks downgrade from “strong buy” to “hold” create near-term downside risks. Arista Networks Rating Downgrade

Insider Activity at Arista Networks

In other news, Director Mark Templeton sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares in the company, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total value of $3,527,265.50. Following the completion of the sale, the insider owned 12,976 shares in the company, valued at approximately $2,640,616. This represents a 57.19% 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 have sold 3,371,914 shares of company stock valued at $685,305,594. Company insiders own 2.70% of the company’s stock.

Arista Networks Stock Down 2.3%

ANET stock opened at $210.88 on Friday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.32. The firm’s 50-day simple moving average is $197.40 and its 200 day simple moving average is $171.74. The stock has a market cap of $265.97 billion, a PE ratio of 66.53, a price-to-earnings-growth ratio of 2.54 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. Arista Networks’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the firm posted $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 3.74 EPS for the current fiscal year.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.