Arista Networks, Inc. $ANET Stock: Crossmark Global Holdings Inc. Increases Stake

Crossmark Global Holdings Inc. lifted its position in shares of Arista Networks, Inc. (NYSE:ANET) by 29.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 383,891 shares of the technology company’s stock after purchasing an additional 86,966 shares during the quarter. Arista Networks accounts for approximately 1.0% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 11th largest holding. Crossmark Global Holdings Inc.’s holdings in Arista Networks were worth $78,156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ANET. Income Insurance Ltd increased its holdings in Arista Networks by 6.3% in the 3rd quarter. Income Insurance Ltd now owns 3,391 shares of the technology company’s stock valued at $690,000 after buying an additional 200 shares during the period. Albion Financial Group UT raised its stake in shares of Arista Networks by 80.0% in the 3rd quarter. Albion Financial Group UT now owns 180 shares of the technology company’s stock valued at $37,000 after buying an additional 80 shares in the last quarter. Sawyer & Company Inc acquired a new position in shares of Arista Networks in the 3rd quarter valued at $8,338,000. Atticus Wealth Management LLC lifted its holdings in shares of Arista Networks by 16.3% during the 3rd quarter. Atticus Wealth Management LLC now owns 2,352 shares of the technology company’s stock worth $479,000 after acquiring an additional 329 shares during the period. Finally, Bell Bank lifted its holdings in shares of Arista Networks by 2.2% during the 3rd quarter. Bell Bank now owns 9,096 shares of the technology company’s stock worth $1,852,000 after acquiring an additional 197 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista’s leadership in high-speed switching positions it to benefit from continued AI infrastructure spending by cloud providers and technology companies. Comparisons with Datadog and Axon also highlighted the company’s critical role in supporting AI applications. Arista Networks vs. Datadog Arista Networks vs. Axon Enterprise
• Positive Sentiment: The company’s open Ethernet rack-scale portfolio, including the Etherlink SU-144 architecture, is designed for dense, liquid-cooled AI systems with as many as 144 accelerators per rack. The offering could help Arista capture demand from cloud and “neocloud” operators seeking standards-based alternatives to proprietary interconnects. Open AI Rack Launch
• Positive Sentiment: A recent investment analysis argued that the selloff may have overlooked Arista’s long-term growth potential, with the company benefiting from AI data-center expansion and strong execution. TD Cowen also maintained a Buy rating, implying meaningful upside to its revised target. Arista Networks Long-Term Outlook
• Neutral Sentiment: Arista and Cisco reportedly delivered record AI-driven results, but both stocks sold off sharply, suggesting investors may be focused on expectations, valuation, or profit-taking rather than headline growth alone. Arista Networks vs. Cisco Systems
• Negative Sentiment: TD Cowen lowered its price target from $250 to $205 while retaining a Buy rating. The reduction reflects less near-term upside and reinforces concerns that Arista’s premium valuation requires continued rapid growth. TD Cowen Price Target Update
• Negative Sentiment: Arista trades at a substantially higher earnings multiple than the broader market, and its shares recently fell significantly from a record high. That premium leaves the stock vulnerable to further volatility if AI spending or growth expectations moderate. Arista Networks Growth and Valuation

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America reiterated a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reissued 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. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. Two research 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $233.20.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider owned 181,143,048 shares in the company, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This represents a 4.47% 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. Insiders sold a total of 3,584,116 shares of company stock valued at $733,396,013 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Up 1.8%

Shares of NYSE ANET opened at $184.42 on Thursday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The company has a market cap of $232.60 billion, a PE ratio of 58.18, a P/E/G ratio of 2.10 and a beta of 1.60. The company has a 50-day moving average of $197.47 and a two-hundred day moving average of $175.98.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business earned $0.73 earnings per share. Arista Networks’s quarterly 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. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

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.