Arista Networks, Inc. $ANET Shares Bought by Norris Perne & French LLP MI

Norris Perne & French LLP MI increased its position in Arista Networks, Inc. (NYSE:ANET) by 95.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,449 shares of the technology company’s stock after acquiring an additional 20,702 shares during the quarter. Norris Perne & French LLP MI’s holdings in Arista Networks were worth $8,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ABS Investment Management LLC purchased a new position in Arista Networks during the second quarter valued at approximately $29,000. ABS Direct Equity Fund LLC bought a new position in shares of Arista Networks in the second quarter worth approximately $29,000. Kelleher Financial Advisors purchased a new stake in shares of Arista Networks in the second quarter worth $31,000. Albion Financial Group UT increased its stake in shares of Arista Networks by 80.0% in the third quarter. Albion Financial Group UT now owns 180 shares of the technology company’s stock worth $37,000 after purchasing an additional 80 shares in the last quarter. Finally, Cornerstone Financial Management LLC increased its stake in shares of 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 in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks News Roundup

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

• Positive Sentiment: Higher earnings outlook: Erste Group Bank raised its fiscal 2027 EPS estimate for Arista Networks to $4.79 from $4.74 and maintained a “Buy” rating. The revision reinforces the view that demand for Arista’s networking products should remain strong as cloud providers expand AI data centers. MarketBeat analyst estimate article
• Positive Sentiment: AI infrastructure remains a key growth theme: Analysts continue to identify Arista as a beneficiary of rising cloud-computing and artificial-intelligence infrastructure spending. The company’s high-speed networking equipment supports major cloud and AI data centers, while recent results showed strong revenue growth and earnings above consensus. Cloud computing stocks article
• Neutral Sentiment: Analyst comparisons remain favorable but not decisive: Recent articles compare Arista with Salesforce, Adobe and CrowdStrike, highlighting Arista’s industry-leading margins and exposure to AI infrastructure. These are opinion-based investment comparisons rather than new company catalysts. Arista versus Salesforce article
• Negative Sentiment: AI-fund concerns are driving volatility: Arista shares have pulled back toward prior support levels amid rumors of another AI-focused fund blowup and broader institutional selling. The speculation has not been confirmed, but it is pressuring high-growth technology stocks and increasing near-term risk. Cloud stock pullback article
• Negative Sentiment: Insider selling adds a modest overhang: Director Kenneth Duda sold a combined 43,333 shares worth approximately $7.8 million under a pre-arranged Rule 10b5-1 plan. Such scheduled sales do not necessarily signal deteriorating fundamentals, but they can weigh on sentiment during a pullback. SEC insider trading filing
• Negative Sentiment: Valuation and competitive concerns remain: TD Cowen reportedly cut its price target, while a separate bearish analysis questioned Arista’s pricing power and long-term competitive durability. With the stock trading at a premium earnings multiple, investors may be particularly sensitive to any slowdown in AI-related demand. Arista Networks bearish analysis

Insider Activity at Arista Networks

In other news, Director Mark Templeton sold 5,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the transaction, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. The trade was a 9.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the transaction, the chief executive officer directly owned 4,774,691 shares in the company, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. 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 three months, insiders have sold 3,627,449 shares of company stock worth $741,235,386. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ANET. Morgan Stanley restated an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Sanford C. Bernstein assumed coverage on shares of Arista Networks in a report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price for the company. TD Cowen cut their price target on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Finally, KeyCorp reissued an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus price target of $233.20.

Arista Networks Trading Up 0.7%

NYSE ANET opened at $172.34 on Friday. The stock’s 50 day moving average is $196.27 and its 200 day moving average is $176.26. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The stock has a market cap of $217.36 billion, a PE ratio of 54.37, a P/E/G ratio of 2.00 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly 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. 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 prior year, the company posted $0.73 EPS. The firm’s revenue for the quarter 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, analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Arista Networks Company Profile

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.