Fragasso Financial Advisors Inc Sells 6,900 Shares of Arista Networks, Inc. $ANET

Fragasso Financial Advisors Inc cut its stake in Arista Networks, Inc. (NYSE:ANET) by 46.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,940 shares of the technology company’s stock after selling 6,900 shares during the period. Fragasso Financial Advisors Inc’s holdings in Arista Networks were worth $1,721,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ANET. ABS Investment Management LLC acquired a new stake in shares of Arista Networks during the second quarter worth about $29,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Arista Networks during the second quarter worth $29,000. Kelleher Financial Advisors acquired a new position in Arista Networks in the 2nd quarter valued at $31,000. Cornerstone Financial Management LLC boosted its holdings in shares of Arista Networks by 61.9% in the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Finally, Sankala Group LLC purchased a new stake in shares of Arista Networks in the fourth quarter valued at approximately $27,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on ANET shares. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Truist Financial raised their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $240.00 price target (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a report on Monday, August 31st. They issued a “buy” rating and a $220.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, maintaining a “Buy” rating. The revisions are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Strong demand outlook: Arista’s revenue outlook has reportedly been raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion. These commitments suggest substantial future demand, particularly for AI and data-center networking equipment. Arista Networks Prospects and Earnings
• Neutral Sentiment: Relative performance remains a focus: Market commentary is examining whether Arista has outperformed other computer and technology stocks this year, reflecting the stock’s strong long-term momentum but also heightened expectations. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
• Negative Sentiment: Deferred revenue complicates the cash-flow picture: Arista reported $6.866 billion of deferred revenue. Although the balance reflects customer cash collected in advance and supports future revenue recognition, investors may question how much reported cash flow is being driven by timing rather than current-period sales. Arista Has $6.9 Billion in Deferred Revenue
• Negative Sentiment: Insider selling adds pressure: Arista’s CEO reportedly sold approximately $21.1 million of stock. While insider sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment when the shares trade at elevated valuation levels.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,640,616. The trade was a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 firm’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 sale, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. This trade represents a 9.36% decrease in their position. 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 ninety days, insiders sold 3,468,906 shares of company stock valued at $706,366,437. 2.70% of the stock is currently owned by insiders.

Arista Networks Price Performance

NYSE ANET traded down $7.78 during mid-day trading on Tuesday, hitting $203.10. The company’s stock had a trading volume of 4,306,029 shares, compared to its average volume of 7,859,776. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The stock’s fifty day simple moving average is $198.62 and its two-hundred day simple moving average is $172.87. The firm has a market capitalization of $256.16 billion, a P/E ratio of 64.08, a price-to-earnings-growth ratio of 2.52 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.78 earnings per share 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.