Arista Networks, Inc. $ANET Stock Holdings Boosted by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. grew its position in Arista Networks, Inc. (NYSE:ANET) by 758.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 221,537 shares of the technology company’s stock after purchasing an additional 195,722 shares during the period. Arista Networks comprises about 1.9% of Goelzer Investment Management Inc.’s portfolio, making the stock its 7th largest position. Goelzer Investment Management Inc.’s holdings in Arista Networks were worth $45,103,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ANET. State Street Corp grew its position in shares of Arista Networks by 159.4% in the 2nd 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 period. Massachusetts Financial Services Co. MA boosted its position 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 buying an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. raised its position in 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 valued at $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Arista Networks by 4.3% during the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Arista Networks by 5.9% in the 2nd quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock valued at $1,433,951,000 after buying an additional 470,451 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ANET shares. Truist Financial raised their price target on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. KeyCorp reaffirmed an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reissued an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus price target of $235.45.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the business’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 of the company’s stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% 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. Insiders sold 3,627,449 shares of company stock worth $740,784,723 over the last three months. 2.70% of the stock is currently owned by insiders.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $176.84 on Friday. The firm has a 50-day moving average of $198.46 and a 200-day moving average of $174.34. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The stock has a market cap of $223.03 billion, a PE ratio of 55.78, a PEG ratio of 2.16 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for 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 business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Arista Networks Profile

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.