Arista Networks, Inc. $ANET Stock Holdings Trimmed by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. lowered its position in shares of Arista Networks, Inc. (NYSE:ANET) by 31.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,902 shares of the technology company’s stock after selling 52,446 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Arista Networks were worth $19,689,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Cura Wealth Advisors LLC increased its holdings in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after acquiring an additional 52 shares during the last quarter. Madison Wealth Partners Inc boosted its holdings in Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after purchasing an additional 60 shares during the period. Intrua Financial LLC boosted its holdings in Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the period. Shepherd Financial Partners LLC increased its stake in Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after purchasing an additional 66 shares during the last quarter. Finally, NBT Bank N A NY increased its stake in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. UBS Group reissued a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Barclays restated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, TD Cowen upped their target price on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $226.05.

Insider Transactions at Arista Networks

In other news, Director Kelly Bodnar Battles sold 422 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $187.34, for a total value of $79,057.48. Following the completion of the sale, the director owned 10,194 shares in the company, valued at $1,909,743.96. This represents a 3.98% decrease in their ownership of the stock. The sale 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, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $185.42, for a total value of $3,213,884.86. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $2,406,009.92. This represents a 57.19% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 3,950,082 shares of company stock worth $741,060,096. Corporate insiders own 2.70% of the company’s stock.

Arista Networks Trading Down 2.7%

ANET stock opened at $195.59 on Friday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The company has a market capitalization of $246.68 billion, a price-to-earnings ratio of 61.70, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. The firm’s 50-day moving average is $180.28 and its two-hundred day moving average is $158.40.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted $0.73 earnings per share. The business’s 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. On average, equities research analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista Networks continues to benefit from growing AI data-center investment. Demand for high-speed, scalable networking equipment from cloud providers and enterprises supports the company’s long-term growth outlook. 3 Stocks That Are No-Brainer Buys in the Second Half of 2026
• Positive Sentiment: Wall Street’s consensus remains bullish, with an average “Buy” recommendation and several analysts recently raising price targets, including targets of $240, $250 and $280. However, brokerage ratings can be optimistic and may already reflect substantial AI-related growth expectations. Is It Worth Investing in Arista Networks Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Arista’s latest results were strong: quarterly revenue rose 37.7% year over year to $3.04 billion, exceeding expectations, while EPS of $1.02 topped the $0.89 consensus. Third-quarter EPS guidance of $1.06–$1.08 provides continued support, but investors are focused on whether growth can meet the high valuation.
• Negative Sentiment: Component availability is becoming a key investment risk. A potential earnings-multiple contraction over the next two years depends less on customer demand than on whether Arista can obtain the parts needed to fulfill AI-networking orders on time. Delays could pressure revenue timing and margins. Arista’s Price Assumes the Parts Arrive on Time
• Negative Sentiment: CEO Jayshree Ullal sold 13,809 shares for approximately $2.65 million, reducing her direct ownership by 58.2%. The sale was executed under a pre-arranged Rule 10b5-1 plan, making it a weaker bearish signal, but it may still contribute to profit-taking concerns. SEC insider sale filing
• Negative Sentiment: Political resistance to new AI data centers could delay or restrict projects, potentially slowing infrastructure spending by Arista’s major cloud customers. Arista Networks Faces New Political Risk

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.