7,599 Shares in Arista Networks, Inc. $ANET Bought by USA Financial Formulas

USA Financial Formulas bought a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,599 shares of the technology company’s stock, valued at approximately $1,547,000. Arista Networks comprises about 0.3% of USA Financial Formulas’ holdings, making the stock its 23rd biggest position.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its stake 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 acquiring an additional 74,541,134 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after acquiring an additional 2,497,275 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Arista Networks by 199.0% during 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 acquiring an additional 6,409,612 shares during the last quarter. Deutsche Bank AG grew its position in 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 during the last quarter. Finally, Wellington Management Group LLP grew its position in Arista Networks by 5.9% during the 2nd quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock worth $1,433,951,000 after acquiring an additional 470,451 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines 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

ANET stock opened at $176.84 on Friday. The company has a fifty day moving average price of $198.46 and a 200-day moving average price of $174.34. The company has a market capitalization of $223.03 billion, a P/E ratio of 55.78, a PEG ratio of 2.06 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.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping 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 company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. Arista Networks’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ANET has been the subject of several research reports. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Barclays reissued an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wells Fargo & Company restated an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $235.45.

Insider Buying and Selling at Arista Networks

In related news, 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 transaction of $60,990,000.00. Following the completion of the transaction, the insider directly owned 181,143,048 shares of the company’s stock, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of Arista Networks 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 in the company, valued at $3,297,589,536.82. The trade was a 4.47% 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 ninety days, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is owned by corporate insiders.

Arista Networks Company 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.