Adams Diversified Equity Fund Inc. Reduces Stock Position in Arista Networks, Inc. $ANET

Adams Diversified Equity Fund Inc. decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,664 shares of the technology company’s stock after selling 5,000 shares during the quarter. Arista Networks accounts for about 1.0% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 26th biggest position. Adams Diversified Equity Fund Inc.’s holdings in Arista Networks were worth $30,404,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ANET. Bare Financial Services Inc boosted its position in Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after purchasing an additional 233 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after buying an additional 72 shares in the last quarter. REAP Financial Group LLC boosted its position in shares of Arista Networks by 108.0% in the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after buying an additional 175 shares in the last quarter. eCIO Inc. acquired a new stake in Arista Networks in the 1st quarter valued at about $36,000. Finally, SJS Investment Consulting Inc. increased its holdings in Arista Networks by 979.2% during the 3rd quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company’s stock valued at $38,000 after acquiring an additional 235 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Key Arista Networks News

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

• Positive Sentiment: Piper Sandler upgraded ANET to Overweight and raised its price target (cited belief that Arista is holding share in a 2026 enterprise refresh cycle), a near-term catalyst for buying interest and higher analyst conviction. Piper Sandler upgrades Arista Networks (ANET)
• Positive Sentiment: Coverage and analyst revisions highlight ANET as a beneficiary of AI-driven data-center upgrades and networking demand, supporting revenue/earnings estimate upgrades and investor conviction. Arista Networks: Networking Demand Keeps Surprising to the Upside
• Neutral Sentiment: A longer-form valuation/market piece reviews Arista’s positioning in AI infrastructure and the multiple expansion narrative — useful context for investors but not an immediate price catalyst on its own. Assessing Arista Networks (ANET) Valuation As AI Infrastructure Wins And Analyst Upgrades Support Growth
• Neutral Sentiment: Analyst commentary (Zacks) notes Arista’s accelerating AI-focused product roadmap and software-led strategy, but flags margin pressure and customer-concentration risks — balanced factors that could limit near-term upside if execution or pricing softens. Can ANET’s AI-Focused Portfolio Help Stoke Growth for the Stock?
• Negative Sentiment: Insider selling: Director Charles H. Giancarlo sold 8,000 shares (~31% reduction in his holdings) at ~\$133.79, a bearish signal to some investors even though insider sales can be for personal reasons. Insider sale by Charles H. Giancarlo

Wall Street Analyst Weigh In

Several brokerages have issued reports on ANET. UBS Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Arista Networks in a report on Wednesday, December 3rd. Piper Sandler upgraded Arista Networks from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $145.00 to $159.00 in a research report on Monday. Evercore ISI upped their target price on Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Needham & Company LLC increased their target price on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $140.00 price objective on shares of Arista Networks in a research report on Monday, November 24th. Eighteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.44.

Arista Networks Trading Down 3.3%

NYSE ANET opened at $132.63 on Wednesday. The business’s 50-day moving average price is $132.45 and its 200 day moving average price is $131.50. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The company has a market capitalization of $167.02 billion, a PE ratio of 50.43, a price-to-earnings-growth ratio of 2.31 and a beta of 1.41.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The company’s quarterly revenue was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.40 EPS. Equities analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $123.16, for a total transaction of $3,694,800.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,598,124.16. This represents a 69.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jayshree Ullal sold 24,042 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $124.55, for a total value of $2,994,431.10. Following the completion of the transaction, the chief executive officer directly owned 9,917 shares in the company, valued at $1,235,162.35. This trade represents a 70.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 216,464 shares of company stock valued at $28,488,988 over the last quarter. Company insiders own 3.54% of the company’s stock.

Arista Networks Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.