44,528 Arista Networks, Inc. $ANET Shares Acquired by Contravisory Investment Management Inc.

by · The Markets Daily

Contravisory Investment Management Inc. increased its position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 66,459.7% during the third quarter, Holdings Channel reports. The fund owned 44,595 shares of the technology company’s stock after acquiring an additional 44,528 shares during the quarter. Arista Networks makes up approximately 1.2% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 26th biggest position. Contravisory Investment Management Inc.’s holdings in Arista Networks were worth $9,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake 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 worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA grew its position 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 during the period. Envestnet Asset Management Inc. grew its position in shares of Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares during the period. Deutsche Bank AG lifted its position in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after buying an additional 388,354 shares during the period. Finally, Wellington Management Group LLP lifted its position in Arista Networks by 5.9% during the second quarter. Wellington Management Group LLP now owns 8,440,963 shares of the technology company’s stock worth $1,433,951,000 after buying an additional 470,451 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Arista Networks

In other news, CFO Chantelle Breithaupt sold 1,224 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total value of $263,160.00. Following the completion of the sale, the chief financial officer owned 68,697 shares of the company’s stock, valued at $14,769,855. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the completion of the transaction, the insider directly owned 180,543,048 shares in the company, valued at approximately $35,919,039,399.60. This represents a 0.17% 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. In the last ninety days, insiders have sold 3,468,906 shares of company stock worth $706,366,437. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ANET. Piper Sandler reissued an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Arista Networks in a report on Monday, August 31st. They set a “buy” rating and a $220.00 price objective on the stock. Sanford C. Bernstein assumed coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price on the stock. Citigroup restated a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a report on Thursday, October 8th. Finally, Barclays restated an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Get Our Latest Research Report on Arista Networks

Arista Networks Stock Performance

Arista Networks stock traded down $6.54 during midday trading on Tuesday, reaching $204.34. The stock had a trading volume of 7,980,932 shares, compared to its average volume of 7,879,242. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41. The stock has a market capitalization of $257.72 billion, a PE ratio of 64.46, a price-to-earnings-growth ratio of 2.52 and a beta of 1.60. The stock’s 50-day simple moving average is $198.62 and its 200 day simple moving average is $172.87.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts predict that Arista Networks, Inc. will post 3.78 earnings per share for the current fiscal year.

More Arista Networks News

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

  • Positive Sentiment: Erste Group Bank maintained a Buy rating and modestly raised its EPS forecasts for Arista Networks to $3.79 for fiscal 2026 and $4.74 for fiscal 2027. The increases suggest continued confidence in earnings growth, although the revisions were minimal.
  • Positive Sentiment: A separate outlook highlighted that Arista has raised its revenue expectations multiple times this year. Non-cancellable purchase commitments reportedly increased 2.7 times to $9.7 billion, indicating strong customer demand and future visibility. Arista Networks Prospects and Earnings
  • Neutral Sentiment: Arista’s strong year-to-date performance relative to other computer and technology stocks reinforces its growth appeal, but it may also leave the shares vulnerable to valuation-driven profit-taking. Is Arista Networks Outperforming Other Computer and Technology Stocks This Year?
  • Negative Sentiment: Arista’s June-quarter filing showed $6.866 billion in deferred revenue. While this reflects cash collected for services or products to be recognized later, investors may question how much of the company’s reported cash generation represents sustainable operating growth rather than timing-related benefits. Arista Has $6.9 Billion in Deferred Revenue
  • Negative Sentiment: Chief Executive Officer Jayshree Ullal reportedly sold approximately $21.1 million of ANET stock. Insider selling does not necessarily signal deteriorating fundamentals, but the sizable transaction can weigh on sentiment, particularly after a strong rally. Insider Selling: Arista Networks CEO Sells Stock

Arista Networks Company Profile

(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.

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.

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