Arista Networks, Inc. $ANET Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its stake in Arista Networks, Inc. (NYSE:ANET) by 93.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,673 shares of the technology company’s stock after buying an additional 12,882 shares during the period. SteelPeak Wealth LLC’s holdings in Arista Networks were worth $5,430,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Arista Networks by 34.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after acquiring an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. grew its holdings in Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares during the period. Deutsche Bank AG grew its stake in Arista Networks by 4.3% in the 2nd quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after acquiring an additional 388,354 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Arista Networks by 5.9% during the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock worth $1,433,951,000 after purchasing an additional 470,451 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Trading Down 4.7%

Shares of NYSE ANET opened at $176.84 on Friday. The stock has a 50 day moving average of $198.46 and a two-hundred day moving average of $174.34. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The stock has a market cap of $223.03 billion, a P/E ratio of 55.78, a P/E/G ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior 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, research analysts predict that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the subject of several research reports. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Barclays reaffirmed an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Weiss Ratings cut Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $235.45.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is owned by insiders.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.