GK Wealth Management LLC Sells 2,703 Shares of Arista Networks, Inc. $ANET

GK Wealth Management LLC trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 67.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,278 shares of the technology company’s stock after selling 2,703 shares during the period. GK Wealth Management LLC’s holdings in Arista Networks were worth $217,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ANET. Main Street Group LTD purchased a new stake in shares of Arista Networks in the 1st quarter worth approximately $26,000. Sankala Group LLC purchased a new position in Arista Networks during the fourth quarter valued at $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks during the fourth quarter valued at $28,000. Hilton Head Capital Partners LLC boosted its holdings in Arista Networks by 184.9% in the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares in the last quarter. Finally, NBT Bank N A NY boosted its holdings in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ANET. Rosenblatt Securities raised their price target on Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday. Truist Financial upped their price target on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research report on Friday, May 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $226.05.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $197.93 on Thursday. The company has a market cap of $249.23 billion, a P/E ratio of 62.44, a PEG ratio of 2.92 and a beta of 1.60. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The stock’s fifty day moving average price is $169.56 and its 200-day moving average price is $151.63.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 32.00% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm posted $0.73 earnings per share. Arista Networks’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Arista Networks News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations: Arista reported adjusted EPS of $1.02, above the $0.89 consensus estimate, while revenue reached $3.04 billion versus expectations of $2.83 billion. Revenue rose 37.7% year over year, marking the company’s first quarter above $3 billion. Arista forecasts upbeat quarterly revenue on AI-driven networking demand
• Positive Sentiment: AI and cloud demand remains robust: Strong orders from hyperscale cloud providers and customers expanding AI data-center infrastructure helped drive growth across data-center, campus and routing products. Arista also highlighted new 1.6-terabit networking systems designed to improve efficiency for AI workloads. Why Arista Networks Stock Rallied Today
• Positive Sentiment: Outlook was raised: Arista guided for approximately $3.3 billion in third-quarter revenue and $1.06–$1.08 in EPS, both above Wall Street expectations. Management also lifted its 2026 revenue outlook to $12.6 billion, citing improved supply availability and continued demand. Arista projects $12.6 billion 2026 revenue
• Positive Sentiment: Analyst sentiment strengthened: Rosenblatt raised its price target to $280, TD Cowen to $250, Piper Sandler to $240 and Truist to $234; each maintained a bullish rating. The revisions indicate analysts believe earnings momentum can justify further upside.
• Neutral Sentiment: Insider transaction: Director Charles H. Giancarlo sold 8,000 shares for approximately $1.45 million, reducing his holdings by 4.16%. Because the sale was conducted under a pre-arranged Rule 10b5-1 plan and he retained 184,333 shares, it is less concerning than an unexpected discretionary sale. SEC insider transaction filing
• Negative Sentiment: Valuation and execution risks remain: After a substantial rally, Arista trades at an elevated earnings multiple, leaving the stock sensitive to any slowdown in AI spending, supply-chain setbacks or guidance disappointments. The strong results may also mean considerable future growth is already reflected in the valuation.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 242,422 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the sale, the chief executive officer owned 5,171,095 shares of the company’s stock, valued at $973,044,946.15. This trade represents a 4.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $140.08, for a total transaction of $4,482,560.00. Following the completion of the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,817,678.08. This represents a 71.15% 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. In the last 90 days, insiders have sold 2,308,316 shares of company stock worth $383,608,735. Company insiders own 2.70% of the company’s stock.

Arista Networks Profile

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.