Arista Networks, Inc. $ANET Shares Newly Bought by Q Fund Management Hong Kong Ltd

14 Oct 2026, 13:12 by Sarita Garza · The Markets Daily

Q Fund Management Hong Kong Ltd acquired a new position in Arista Networks, Inc. (NYSE:ANET – Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 29,200 shares of the technology company’s stock, valued at approximately $5,945,000. Arista Networks accounts for about 5.4% of Q Fund Management Hong Kong Ltd’s portfolio, making the stock its 10th largest holding.

Several other hedge funds have also modified their holdings of ANET. State Street Corp grew its position in shares of Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after acquiring an additional 74,541,134 shares during the period. Jupiter Topco LLC acquired a new position in Arista Networks in the 2nd quarter worth about $1,101,860,000. Envestnet Asset Management Inc. raised its holdings in Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after purchasing an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. purchased a new position in Arista Networks during the second quarter worth approximately $537,736,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

More Arista Networks News

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-scale AI workloads. The launch reinforces the company’s position in high-density data-center networking and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
Positive Sentiment: Erste Group Bank maintained a Buy rating and slightly raised its FY2026 EPS estimate to $3.79 and FY2027 estimate to $4.74. The modest increases support the view that earnings growth remains intact.
Positive Sentiment: Reports indicate Arista raised its revenue outlook for the third time this year, while non-cancellable purchase commitments rose 2.7 times to $9.7 billion. That suggests strong demand and improved revenue visibility. Arista Networks Prospects and Earnings
Neutral Sentiment: Arista’s latest quarterly results were strong, with revenue up 37.7% year over year to $3.04 billion and EPS of $1.02 versus the $0.89 consensus. However, the stock trades at an elevated valuation, with a P/E ratio above 64, leaving it sensitive to profit-taking and changes in growth expectations.
Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million on October 9 and another 27,990 shares for about $6.1 million on October 8. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan, and Ullal still owns roughly 4.8 million shares, but the repeated sales may weigh on sentiment after ANET approached its 52-week high. Arista Networks CEO Sells Shares
Negative Sentiment: The shares recently declined more than 3% and underperformed the broader market, suggesting investors may be locking in gains following substantial year-to-date appreciation. The combination of high valuation and insider selling is likely contributing to the pressure.

Wall Street Analyst Weigh In

Several analysts have commented on the company. UBS Group reissued a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities upped their target price on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Arista Networks in a research note on Monday, August 31st. They set a “buy” rating and a $220.00 target price for the company. Piper Sandler reiterated an “overweight” rating and set a $240.00 target price (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

View Our Latest Analysis on Arista Networks

Arista Networks Trading Down 3.1%

NYSE:ANET opened at $204.34 on Wednesday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The stock has a 50 day moving average of $198.89 and a two-hundred day moving average of $173.36. The firm has a market cap of $257.72 billion, a P/E ratio of 64.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.60.

Arista Networks (NYSE:ANET – Get Free Report) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Insider Transactions at Arista Networks

In related news, CFO Chantelle Breithaupt sold 1,224 shares of the business’s stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $215.00, for a total transaction of $263,160.00. Following the completion of the sale, the chief financial officer directly owned 68,697 shares in the company, valued at approximately $14,769,855. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total value of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares of the company’s stock, valued at approximately $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. 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 three months, insiders sold 3,627,449 shares of company stock valued at $740,784,723. Insiders own 2.70% of the company’s stock.

About Arista Networks

(Free Report)

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.