UNIVEST FINANCIAL Corp Sells 3,122 Shares of Arista Networks, Inc. $ANET

UNIVEST FINANCIAL Corp lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 5.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,663 shares of the technology company’s stock after selling 3,122 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Arista Networks were worth $12,147,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ANET. Main Street Group LTD purchased a new position in Arista Networks in the first quarter valued at about $26,000. William Mack & Associates Inc. bought a new position in shares of Arista Networks during the 3rd quarter valued at approximately $27,000. ABS Investment Management LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth approximately $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks in the second quarter valued at approximately $29,000. Finally, Kelleher Financial Advisors purchased a new position in Arista Networks in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Key Stories Impacting Arista Networks

Here are a few of the latest stories about ANET:

• Positive Sentiment: An AI-cloud rebound lifted networking shares, and Arista’s fourth-quarter revenue guidance of $3.9 billion to $4.0 billion offered investors a concrete growth catalyst. Arista Networks Stocks Climb as AI Cloud Rebound Lifts Networking Leader
• Positive Sentiment: KeyCorp raised its earnings estimates across fiscal 2026 and 2027, projecting $6.02 per share for fiscal 2027, and maintained an Overweight rating with a $250 price target. The revisions add to the growth case, though they reflect one analyst’s forecasts. KeyCorp estimate and rating information
• Neutral Sentiment: Co-founder Andreas Bechtolsheim has sold about $668 million of shares since May, but reports say the transactions were made under a pre-arranged trading plan. He retains a very large stake, which may temper concerns that the sales signal a change in outlook. Arista’s Co-Founder Has Sold About $668 Million of Stock Since May

Analyst Upgrades and Downgrades

ANET has been the subject of several research reports. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. TD Cowen lowered their target price on Arista Networks from $250.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Weiss Ratings cut Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a research report on Wednesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, UBS Group reiterated a “buy” rating and set a $291.00 price target (up from $259.00) on shares of Arista Networks in a research note on Wednesday, November 4th. Four investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $240.24.

Arista Networks Stock Up 6.4%

NYSE ANET opened at $196.81 on Thursday. The company’s 50 day moving average is $192.35 and its 200-day moving average is $166.53. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The firm has a market cap of $248.65 billion, a P/E ratio of 52.91, a price-to-earnings-growth ratio of 1.65 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. Arista Networks’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Equities analysts expect that Arista Networks, Inc. will post 4.01 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CFO Chantelle Breithaupt sold 1,224 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total transaction of $263,160.00. Following the sale, the chief financial officer owned 68,697 shares in the company, valued at $14,769,855. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total value of $3,135,713.03. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $2,347,488.16. 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. Over the last three months, insiders have sold 2,067,489 shares of company stock worth $406,340,373. Company insiders own 2.70% of the company’s stock.

Arista Networks Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.