22,323 Arista Networks, Inc. $ANET Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its position in Arista Networks, Inc. (NYSE:ANET) by 15.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 119,362 shares of the technology company’s stock after selling 22,323 shares during the quarter. Arista Networks makes up about 0.8% of Cornerstone Advisors LLC’s holdings, making the stock its 25th largest holding. Cornerstone Advisors LLC’s holdings in Arista Networks were worth $24,301,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Main Street Group LTD acquired a new position in Arista Networks in the 1st quarter worth approximately $26,000. William Mack & Associates Inc. purchased a new position in Arista Networks during the 3rd quarter worth approximately $27,000. ABS Investment Management LLC purchased a new position in Arista Networks during the 2nd quarter worth approximately $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks during the 2nd quarter worth approximately $29,000. Finally, Kelleher Financial Advisors acquired a new stake in Arista Networks during the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ANET shares. Rosenblatt Securities restated a “buy” rating and issued a $280.00 target price on shares of Arista Networks in a report on Wednesday, November 4th. Morgan Stanley reiterated an “overweight” rating and set a $230.00 price target (up from $220.00) on shares of Arista Networks in a report on Wednesday, November 4th. Piper Sandler upped their price target on Arista Networks from $240.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, November 4th. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, KeyCorp reissued an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $240.24.

Arista Networks Stock Performance

Arista Networks stock opened at $197.24 on Friday. The firm has a market cap of $249.20 billion, a PE ratio of 53.02, a P/E/G ratio of 1.84 and a beta of 1.61. The firm’s 50 day moving average price is $192.89 and its two-hundred day moving average price is $167.10. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The company’s revenue was up 58.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 4.01 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the completion of the sale, the insider owned 180,843,048 shares of the company’s stock, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 460,374 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the completion of the transaction, the chief executive officer owned 4,811,207 shares in the company, valued at $1,020,408,892.63. This trade represents a 8.73% 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. Over the last ninety days, insiders have sold 2,067,489 shares of company stock valued at $406,340,373. 2.70% of the stock is owned by insiders.

Key Headlines Impacting Arista Networks

Investors following ANET have been watching these headlines:

• Positive Sentiment: Arista’s latest quarter topped expectations, and management forecast fourth-quarter revenue of $3.9 billion to $4.0 billion. KeyCorp also raised its earnings estimates, while analyst price targets suggest potential upside. Arista Networks guides higher KeyCorp boosts earnings estimates
• Neutral Sentiment: Arista was highlighted as a high-return-on-equity stock and as one of a few AI names holding up relatively well during a broader AI-stock correction. These rankings may support investor interest but do not remove market-wide risk. Zacks high-ROE stocks AI stocks holding up
• Negative Sentiment: ANET shares decreased alongside Cisco and Hewlett Packard Enterprise as investors reassessed growth prospects across networking. Cisco’s strong AI outlook did not prevent a selloff, with commentary questioning whether its growth has peaked—a concern that may weigh on peers, including Arista. Networking stocks retreat

Arista Networks Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.