North Point Portfolio Managers Corp OH Sells 2,879 Shares of Arista Networks, Inc. $ANET

North Point Portfolio Managers Corp OH cut its holdings in Arista Networks, Inc. (NYSE:ANET) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,815 shares of the technology company’s stock after selling 2,879 shares during the quarter. Arista Networks comprises about 4.0% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 8th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Arista Networks were worth $21,514,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABS Investment Management LLC acquired a new position in shares of Arista Networks in the 2nd quarter worth approximately $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth approximately $29,000. Kelleher Financial Advisors acquired a new stake in Arista Networks during the second quarter valued at approximately $31,000. Cornerstone Financial Management LLC lifted its stake in Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. Finally, Sankala Group LLC bought a new stake in Arista Networks during the fourth quarter worth approximately $27,000. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Arista Networks news, Director Mark Templeton sold 5,000 shares of Arista Networks stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the sale, the director owned 48,410 shares of the company’s stock, valued at $9,893,551.70. This trade represents a 9.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 62,622 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $211.40, for a total transaction of $13,238,290.80. Following the transaction, the chief executive officer owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. This represents a 1.27% 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 quarter, insiders have sold 3,387,316 shares of company stock worth $676,926,570. Insiders own 2.70% of the company’s stock.

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

Arista Networks Stock Performance

Shares of ANET stock traded up $0.91 on Wednesday, reaching $216.27. 2,267,545 shares of the company’s stock traded hands, compared to its average volume of 7,921,002. The company has a market capitalization of $272.76 billion, a P/E ratio of 68.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $216.08. The business’s 50 day moving average price is $195.43 and its two-hundred day moving average price is $170.62.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts predict that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the topic of several recent research reports. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Rosenblatt Securities raised their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. TD Cowen lifted their target price on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Truist Financial upped their target price on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.