Great Waters Wealth Management Buys 5,773 Shares of Arista Networks, Inc. $ANET

Great Waters Wealth Management purchased a new position in shares of Arista Networks, Inc. (NYSE:ANET) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,773 shares of the technology company’s stock, valued at approximately $1,175,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ANET. Juncture Wealth Strategies LLC bought a new stake in shares of Arista Networks in the third quarter worth about $766,000. Legacy Private Trust Co. bought a new position in shares of Arista Networks during the 3rd quarter valued at about $10,008,000. Horizons Wealth Management acquired a new position in shares of Arista Networks in the 3rd quarter valued at approximately $163,000. Neville Rodie & Shaw Inc. bought a new stake in Arista Networks during the 3rd quarter worth approximately $4,026,000. Finally, Baker Tilly Wealth Management LLC acquired a new stake in Arista Networks during the 3rd quarter worth approximately $280,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,387,316 shares of company stock valued at $676,926,570. Company insiders own 2.70% of the company’s stock.

Arista Networks Trading Up 0.2%

Shares of NYSE ANET traded up $0.40 during midday trading on Wednesday, reaching $215.76. The company’s stock had a trading volume of 2,038,496 shares, compared to its average volume of 7,919,933. The stock has a 50 day simple moving average of $195.43 and a 200-day simple moving average of $170.62. The stock has a market capitalization of $272.12 billion, a price-to-earnings ratio of 68.04, a PEG ratio of 2.43 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $216.07.

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 business 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 quarter in the prior year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts anticipate that Arista Networks, Inc. will post 3.74 EPS for the current year.

Arista Networks News Summary

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

• Positive Sentiment: AI networking demand remains the primary catalyst. Arista has been identified as a leading AI-stock purchase alongside Astera Labs and GE Vernova, while industry coverage points to accelerating demand for high-speed data-center networking equipment. Dow Jones Futures Fall, Yields Jump After S&P 500 Hits High
• Positive Sentiment: ClearBridge highlighted Arista’s execution and improved outlook. The investment manager said leadership within large-cap growth stocks is shifting toward businesses with clearer AI monetization paths and cited Arista’s solid execution and raised guidance as reasons for its relative outperformance. Arista Networks Outperforms AI Infrastructure Peers
• Positive Sentiment: Analyst support remains broadly favorable. Bernstein initiated coverage with an Outperform rating, and the wider analyst consensus remains Buy, with several firms recently raising price targets after Arista’s latest earnings beat and strong revenue growth. Bernstein Starts Coverage of Arista Networks
• Neutral Sentiment: Arista will report third-quarter 2026 results after the market closes on November 3, providing the next major catalyst for the stock. Investors will focus on whether AI-related demand supports current guidance and elevated valuation levels. Arista Networks to Announce Q3 2026 Financial Results
• Negative Sentiment: Zacks Research downgraded ANET from Strong Buy to Hold. The downgrade may limit near-term upside, particularly because the stock trades at a premium valuation and is close to its recent high.
• Negative Sentiment: A director sold 5,000 shares under a pre-arranged Rule 10b5-1 plan. Because the transaction was scheduled in advance and represents a relatively small portion of holdings, it is a limited—but still mildly negative—signal. Arista Networks Insider Sale

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. UBS Group reiterated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $231.70.

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.