Arista Networks, Inc. $ANET Stock: Robertson Stephens Wealth Management LLC Raises Holdings

by · The Markets Daily

Robertson Stephens Wealth Management LLC grew its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 150.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,352 shares of the technology company’s stock after purchasing an additional 12,229 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Arista Networks were worth $4,143,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Frank Rimerman Advisors LLC raised its position in shares of Arista Networks by 75.1% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 22,216 shares of the technology company’s stock worth $4,523,000 after purchasing an additional 9,529 shares during the period. Birch Hill Investment Advisors LLC lifted its holdings in shares of Arista Networks by 978.1% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 52,979 shares of the technology company’s stock worth $10,786,000 after purchasing an additional 48,065 shares during the last quarter. Absolute Capital Management LLC boosted its position in Arista Networks by 98.2% during the 3rd quarter. Absolute Capital Management LLC now owns 12,281 shares of the technology company’s stock valued at $2,500,000 after purchasing an additional 6,084 shares during the period. Forbes J M & Co. LLP boosted its position in Arista Networks by 12.9% during the 3rd quarter. Forbes J M & Co. LLP now owns 105,114 shares of the technology company’s stock valued at $19,722,000 after purchasing an additional 12,027 shares during the period. Finally, 1834 Investment Advisors Co. acquired a new position in Arista Networks during the 3rd quarter valued at approximately $20,705,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 130,553 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $217.10, for a total value of $28,343,056.30. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks 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 sale, the insider directly owned 180,543,048 shares in the company, valued at $35,919,039,399.60. The trade was a 0.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,627,449 shares of company stock worth $740,784,723 over the last quarter. Insiders own 2.70% of the company’s stock.

Key Stories Impacting Arista Networks

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

  • Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
  • Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
  • Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
  • Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
  • Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Arista Networks Trading Down 4.7%

Shares of NYSE:ANET opened at $176.84 on Friday. The firm’s 50 day moving average is $198.46 and its two-hundred day moving average is $174.34. The firm has a market capitalization of $223.03 billion, a P/E ratio of 55.78, a PEG ratio of 2.06 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for 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 for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ANET shares. Evercore restated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, October 7th. UBS Group reiterated a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen upped their price target on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Barclays restated an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Arista Networks has a consensus rating of “Buy” and an average target price of $235.45.

View Our Latest Analysis on ANET

About Arista Networks

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET – Free Report).