Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in Arista Networks, Inc. (NYSE:ANET – Free Report) by 2,885.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,728 shares of the technology company’s stock after purchasing an additional 278,089 shares during the period. Arista Networks comprises 3.6% of Schaper Benz & Wise Investment Counsel Inc. WI’s investment portfolio, making the stock its 4th biggest position. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Arista Networks were worth $58,579,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after buying an additional 74,541,134 shares in the last quarter. Jupiter Topco LLC acquired a new stake in Arista Networks in the 2nd quarter valued at about $1,101,860,000. Envestnet Asset Management Inc. increased its holdings in Arista Networks by 199.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Arista Networks during the second quarter worth about $537,736,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Arista Networks by 34.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock valued at $1,712,788,000 after purchasing an additional 2,497,275 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.
Key Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: The rack-scale launch could broaden Arista’s addressable market as hyperscalers seek flexible, interoperable Ethernet alternatives for AI clusters. Can Arista’s New Rack-Scale Ethernet Solutions for AI Stoke Growth?
- Positive Sentiment: Investor commentary continues to identify ANET as a potential beneficiary of the AI infrastructure boom, with growing Ethernet demand from large cloud customers supporting the bullish outlook. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
- Positive Sentiment: Arista’s strong fundamentals reinforce the growth narrative: recent revenue rose 37.7% year over year to $3.04 billion, while quarterly EPS of $1.02 exceeded the $0.89 consensus estimate. Management has raised its 2026 sales outlook three times, citing AI customers.
- Neutral Sentiment: Options-market commentary describes the stock as being in a bullish trend and highlights spread trades for investors seeking shorter-term exposure, but this reflects trading sentiment rather than a change in Arista’s fundamentals. Arista Networks Stock In A Bull Trend Offers Spread Trade With A Fast Return
- Negative Sentiment: Valuation remains a key risk. Arista trades at roughly 66 times earnings versus about 21 times for the S&P 500, leaving the stock vulnerable if AI-related growth slows, customer concentration weighs on results or margins come under pressure. Arista Stock Rises 64.7% YTD: Is There More Upside Ahead?
- Negative Sentiment: CEO Jayshree Ullal sold 460,374 shares worth approximately $97.6 million, while CFO Chantelle Breithaupt sold 1,224 shares. Both transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals but still adding selling pressure.
Analyst Ratings Changes
ANET has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reissued an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $250.00 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 issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.45.
Insiders Place Their Bets
In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% 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. In the last quarter, insiders sold 3,468,906 shares of company stock worth $706,366,437. 2.70% of the stock is owned by company insiders.
Arista Networks Price Performance
NYSE ANET opened at $216.63 on Friday. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $217.41. The company has a 50-day moving average of $198.12 and a 200-day moving average of $172.05. The company has a market cap of $273.22 billion, a P/E ratio of 68.34, a P/E/G ratio of 2.48 and a beta of 1.60.
Arista Networks (NYSE:ANET – Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the company earned $0.73 earnings per share. The company’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 anticipate that Arista Networks, Inc. will post 3.74 EPS for the current year.
Arista Networks Profile
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.
The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.
Further Reading
- Five stocks we like better than Arista Networks
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- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
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).
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