Arista Networks, Inc. $ANET Stake Raised by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC grew its stake in Arista Networks, Inc. (NYSE:ANET) by 2,399.5% during the third quarter, Holdings Channel.com reports. The fund owned 38,992 shares of the technology company’s stock after acquiring an additional 37,432 shares during the period. Arista Networks accounts for about 0.5% of Steel Grove Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Steel Grove Capital Advisors LLC’s holdings in Arista Networks were worth $7,938,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Compass Financial Group INC SD purchased a new stake in Arista Networks in the third quarter valued at approximately $915,000. Sax Wealth Advisors LLC boosted its position in shares of Arista Networks by 122.7% during the third quarter. Sax Wealth Advisors LLC now owns 8,374 shares of the technology company’s stock worth $1,705,000 after buying an additional 4,613 shares during the period. Fermata Advisors LLC purchased a new position in shares of Arista Networks during the third quarter worth $238,000. NorthCrest Asset Manangement LLC grew its stake in shares of Arista Networks by 131.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 33,523 shares of the technology company’s stock valued at $6,825,000 after buying an additional 19,070 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Arista Networks by 392.2% in the third quarter. Avior Wealth Management LLC now owns 13,535 shares of the technology company’s stock valued at $2,756,000 after buying an additional 10,785 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Stock Performance

Shares of NYSE:ANET traded down $7.06 during trading on Tuesday, hitting $203.82. The company’s stock had a trading volume of 4,562,398 shares, compared to its average volume of 7,860,363. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41. The business has a 50 day moving average price of $198.62 and a two-hundred day moving average price of $172.87. The company has a market capitalization of $257.07 billion, a PE ratio of 64.25, a P/E/G ratio of 2.52 and a beta of 1.60.

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, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 3.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the business’s 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 of the company’s stock, valued at approximately $3,297,589,536.82. This represents a 4.47% decrease in their ownership of the stock. 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. Insiders have sold a total of 3,468,906 shares of company stock valued at $706,366,437 over the last three months. 2.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reiterated a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Barclays restated an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price for the company. Citigroup reaffirmed a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $235.45.

More Arista Networks News

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

• Positive Sentiment: Analyst estimates edged higher: Erste Group Bank raised its FY2026 EPS forecast to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, maintaining a “Buy” rating. The revisions are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Strong demand outlook: Arista’s revenue outlook has reportedly been raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion. These commitments suggest substantial future demand, particularly for AI and data-center networking equipment. Arista Networks Prospects and Earnings
• Neutral Sentiment: Relative performance remains a focus: Market commentary is examining whether Arista has outperformed other computer and technology stocks this year, reflecting the stock’s strong long-term momentum but also heightened expectations. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
• Negative Sentiment: Deferred revenue complicates the cash-flow picture: Arista reported $6.866 billion of deferred revenue. Although the balance reflects customer cash collected in advance and supports future revenue recognition, investors may question how much reported cash flow is being driven by timing rather than current-period sales. Arista Has $6.9 Billion in Deferred Revenue
• Negative Sentiment: Insider selling adds pressure: Arista’s CEO reportedly sold approximately $21.1 million of stock. While insider sales do not necessarily signal deteriorating fundamentals, the transaction can weigh on sentiment when the shares trade at elevated valuation levels.

About Arista Networks

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.