Arista Networks, Inc. $ANET Stock Holdings Raised by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC boosted its stake in Arista Networks, Inc. (NYSE:ANET) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 485,198 shares of the technology company’s stock after acquiring an additional 53,533 shares during the quarter. Arista Networks comprises about 1.4% of Wedge Capital Management L L P NC’s holdings, making the stock its 9th largest holding. Wedge Capital Management L L P NC’s holdings in Arista Networks were worth $82,425,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Main Street Group LTD acquired a new position in shares of Arista Networks during the first quarter worth $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks during the 4th quarter worth $28,000. Hilton Head Capital Partners LLC lifted its holdings in Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after buying an additional 159 shares in the last quarter. Finally, NBT Bank N A NY lifted its holdings in Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Stock Up 3.0%

NYSE:ANET opened at $197.35 on Wednesday. The business’s 50 day moving average is $171.74 and its two-hundred day moving average is $153.43. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The company has a market cap of $248.90 billion, a PE ratio of 62.25, a P/E/G ratio of 1.98 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the business earned $0.73 EPS. The business’s quarterly 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. As a group, sell-side analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Zacks upgraded Arista Networks from “Hold” to “Strong Buy,” adding to the bullish analyst coverage following the company’s latest results. Zacks.com
• Positive Sentiment: Arista’s second-quarter results exceeded expectations. Revenue reached $3.04 billion, up 37.7% year over year and above consensus by approximately $210 million, while non-GAAP earnings per share of $1.02 beat estimates by $0.13. The first quarter above $3 billion in revenue reinforced the AI and hyperscaler data-center spending story. Arista’s Record Quarter Reignites The AI Networking Debate
• Positive Sentiment: Short interest fell 35.6% in July to 12.8 million shares, equal to about 1.0% of shares outstanding and 1.9 days to cover. The decline reduces bearish positioning and may support continued momentum.
• Positive Sentiment: Analysts continue raising expectations. Estimate revisions reflect demand for AI and cloud infrastructure, while the average price target remains above the current share price. Arista Estimate Revisions
• Neutral Sentiment: Supply availability, rather than customer orders, may be the key near-term constraint. Arista is securing components as it raises its outlook, making supply agreements important to future growth. Arista Networks Stock Is Waiting on Parts, Not Orders
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 111,848 shares for about $21.6 million, cutting his position by roughly half. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a bearish signal. Andreas Bechtolsheim Share Sale
• Negative Sentiment: Valuation is elevated after the recent rally, leaving ANET vulnerable to profit-taking if AI spending or margins disappoints.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,819,659 shares of company stock worth $687,397,841 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANET. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Barclays reissued an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Finally, TD Cowen increased their target price on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $226.05.

About Arista Networks

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.