Arista Networks, Inc. $ANET Stock Sold by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc cut its stake in Arista Networks, Inc. (NYSE:ANET) by 46.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,940 shares of the technology company’s stock after selling 6,900 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Arista Networks were worth $1,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. State Street Corp increased its stake in shares of Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after acquiring an additional 74,541,134 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Arista Networks during the 2nd quarter valued at about $1,101,860,000. Envestnet Asset Management Inc. increased its position in shares of Arista Networks by 199.0% during 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 acquiring an additional 6,409,612 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Arista Networks in the second quarter worth $537,736,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in 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. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Arista Networks

In other news, CFO Chantelle Breithaupt sold 1,224 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total transaction of $263,160.00. Following the completion of the sale, the chief financial officer owned 68,697 shares of the company’s stock, valued at $14,769,855. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the sale, the insider owned 180,543,048 shares of the company’s stock, valued at $35,919,039,399.60. This trade represents a 0.17% 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. Insiders have sold 3,468,906 shares of company stock valued at $706,366,437 in the last quarter. 2.70% of the stock is currently owned by insiders.

Arista Networks News Summary

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.

Arista Networks Stock Down 3.7%

NYSE:ANET traded down $7.78 during midday trading on Tuesday, hitting $203.10. The stock had a trading volume of 4,306,029 shares, compared to its average volume of 7,859,776. The stock has a 50-day moving average of $198.62 and a 200 day moving average of $172.87. The company has a market capitalization of $256.16 billion, a price-to-earnings ratio of 64.08, a PEG ratio of 2.52 and a beta of 1.60. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping 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 company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. Arista Networks’s 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. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 3.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of several research reports. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. TD Cowen boosted their price objective on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities lifted 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. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $235.45.

Arista Networks Company 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.