Define Financial LLC Purchases New Position in Arista Networks, Inc. $ANET

Define Financial LLC purchased a new stake in shares of Arista Networks, Inc. (NYSE:ANET) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,615 shares of the technology company’s stock, valued at approximately $736,000. Arista Networks accounts for approximately 0.3% of Define Financial LLC’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors have also modified their holdings of ANET. ABS Investment Management LLC acquired a new position in shares of Arista Networks during the second quarter valued at $29,000. ABS Direct Equity Fund LLC acquired a new stake in Arista Networks in the second quarter worth about $29,000. Kelleher Financial Advisors acquired a new stake in Arista Networks in the second quarter worth about $31,000. Cornerstone Financial Management LLC lifted its holdings in Arista Networks by 61.9% in the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock worth $31,000 after purchasing an additional 70 shares during the period. Finally, Sankala Group LLC bought a new position in Arista Networks in the 4th quarter valued at about $27,000. Institutional investors own 82.47% of the company’s stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Mark B. Templeton sold 5,000 shares of Arista Networks stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the transaction, the director directly owned 48,410 shares in the company, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the sale, the chief executive officer directly owned 4,774,691 shares in the company, valued at approximately $1,036,585,416.10. This trade represents a 2.66% 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 3,627,449 shares of company stock valued at $740,784,723 over the last three months. 2.70% of the stock is owned by insiders.

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $204.34 on Wednesday. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41. The stock has a fifty day moving average of $198.89 and a 200-day moving average of $173.36. The company has a market capitalization of $257.72 billion, a PE ratio of 64.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released 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 analyst estimates of $2.83 billion. During the same quarter last year, the company posted $0.73 EPS. Arista Networks’s revenue for the quarter 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, research analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ANET has been the topic of a number of recent analyst reports. Evercore restated an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Weiss Ratings lowered shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective (up from $190.00) 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 given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings

Arista Networks 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.