Axecap Investments LLC Sells 13,311 Shares of Arista Networks, Inc. $ANET

Axecap Investments LLC decreased its holdings in Arista Networks, Inc. (NYSE:ANET) by 47.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,972 shares of the technology company’s stock after selling 13,311 shares during the period. Arista Networks accounts for about 1.8% of Axecap Investments LLC’s holdings, making the stock its 20th biggest position. Axecap Investments LLC’s holdings in Arista Networks were worth $3,048,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ANET. ABS Investment Management LLC purchased a new stake in shares of Arista Networks during the 2nd quarter valued at approximately $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks in the 2nd quarter valued at approximately $29,000. Kelleher Financial Advisors purchased a new position in Arista Networks in the 2nd quarter valued at approximately $31,000. Cornerstone Financial Management LLC grew its stake in Arista Networks by 61.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after buying an additional 70 shares in the last quarter. Finally, Main Street Group LTD bought a new stake in Arista Networks during the 1st quarter valued at $26,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ANET. UBS Group restated a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reiterated a “buy” rating and issued a $248.00 price target (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. BNP Paribas Exane upgraded Arista Networks to a “strong-buy” rating in a research report on Wednesday, October 14th. Evercore reiterated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, October 7th. Finally, TD Cowen dropped their price objective on Arista Networks from $250.00 to $205.00 and set a “buy” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $233.20.

Insider Transactions at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the completion of the sale, the insider owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. This trade represents a 0.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Templeton sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $204.37, for a total value of $1,021,850.00. Following the transaction, the director directly owned 48,410 shares of the company’s stock, valued at $9,893,551.70. The trade was a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,584,116 shares of company stock worth $733,396,013. 2.70% of the stock is owned by insiders.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s new open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for high-density AI infrastructure with up to 144 accelerators per rack. The offering could help the company capture demand from cloud providers and “neocloud” operators seeking lower-cost, standards-based alternatives to proprietary interconnects. Is Open AI Rack Launch Altering the Investment Case for Arista Networks Stock?
• Positive Sentiment: Analysts and financial commentators expect another strong quarterly report on November 3. Arista is projected to generate approximately $3.3 billion in third-quarter revenue, representing about 44% year-over-year growth, supported by AI data-center networking demand. Arista Networks Is Heading for a Big Test on Nov. 3
• Positive Sentiment: TD Cowen maintained a “buy” rating while lowering its price target from $250 to $205. The revised target still implies approximately 12.9% upside from the referenced share price, suggesting the firm views the recent weakness as excessive relative to Arista’s growth outlook.

Arista Networks Price Performance

ANET opened at $181.59 on Wednesday. The firm has a market capitalization of $229.03 billion, a P/E ratio of 57.28, a price-to-earnings-growth ratio of 2.12 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. The company has a fifty day moving average price of $197.98 and a 200-day moving average price of $175.58.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS 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 analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current 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.