13,311 Arista Networks, Inc. $ANET Shares Sold by Axecap Investments LLC

Axecap Investments LLC decreased its position in Arista Networks, Inc. (NYSE:ANET) by 47.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,972 shares of the technology company’s stock after selling 13,311 shares during the quarter. Arista Networks makes up approximately 1.8% of Axecap Investments LLC’s portfolio, making the stock its 20th largest position. Axecap Investments LLC’s holdings in Arista Networks were worth $3,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. ABS Investment Management LLC purchased a new position in Arista Networks during the second quarter worth about $29,000. ABS Direct Equity Fund LLC bought a new stake in Arista Networks in the 2nd quarter worth about $29,000. Kelleher Financial Advisors purchased a new stake in Arista Networks in the 2nd quarter valued at about $31,000. Cornerstone Financial Management LLC increased its stake in Arista Networks by 61.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Group LTD purchased a new stake in Arista Networks in the 1st quarter valued at about $26,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks News Roundup

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for high-density AI infrastructure with up to 144 accelerators per rack. The offering could help the company capture demand from cloud providers and “neocloud” operators seeking lower-cost, standards-based alternatives to proprietary interconnects. Is Open AI Rack Launch Altering the Investment Case for Arista Networks Stock?
• Positive Sentiment: Analysts and financial commentators expect another strong quarterly report on November 3. Arista is projected to generate approximately $3.3 billion in third-quarter revenue, representing about 44% year-over-year growth, supported by AI data-center networking demand. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target from $250 to $205. The revised target still implies approximately 12.9% upside from the referenced share price, suggesting the firm views the recent weakness as excessive relative to Arista’s growth outlook.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. This represents a 0.17% 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. Over the last three months, insiders have sold 3,584,116 shares of company stock valued at $733,396,013. 2.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on ANET shares. KeyCorp reissued an “overweight” rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Bank of America reaffirmed a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, TD Cowen dropped their price target on Arista Networks from $250.00 to $205.00 and set a “buy” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $233.20.

Arista Networks Stock Performance

Shares of ANET stock opened at $181.59 on Wednesday. The firm has a market cap of $229.03 billion, a price-to-earnings ratio of 57.28, a P/E/G ratio of 2.12 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The firm’s 50-day simple moving average is $197.98 and its two-hundred day simple moving average is $175.58.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

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.