Envestnet Portfolio Solutions Inc. Sells 5,643 Shares of Arista Networks, Inc. $ANET

Envestnet Portfolio Solutions Inc. decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,545 shares of the technology company’s stock after selling 5,643 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Arista Networks were worth $8,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ANET. ERn Financial LLC boosted its stake in Arista Networks by 3.3% during the 3rd quarter. ERn Financial LLC now owns 4,697 shares of the technology company’s stock valued at $684,000 after purchasing an additional 150 shares during the last quarter. Northstar Asset Management Inc. lifted its holdings in shares of Arista Networks by 2.4% during the third quarter. Northstar Asset Management Inc. now owns 23,381 shares of the technology company’s stock valued at $3,407,000 after purchasing an additional 541 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Arista Networks by 2.9% during the third quarter. Parkside Financial Bank & Trust now owns 2,731 shares of the technology company’s stock valued at $398,000 after buying an additional 77 shares during the last quarter. iA Global Asset Management Inc. boosted its position in shares of Arista Networks by 142.4% during the third quarter. iA Global Asset Management Inc. now owns 26,405 shares of the technology company’s stock valued at $3,847,000 after buying an additional 15,510 shares during the last quarter. Finally, Leelyn Smith LLC increased its holdings in Arista Networks by 4.5% in the 3rd quarter. Leelyn Smith LLC now owns 27,354 shares of the technology company’s stock worth $3,986,000 after buying an additional 1,172 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ANET. Erste Group Bank cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Barclays restated an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. UBS Group reaffirmed a “buy” rating and issued a $155.00 target price on shares of Arista Networks in a research report on Wednesday, December 3rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $140.00 price target on shares of Arista Networks in a report on Monday, November 24th. Seventeen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $164.44.

Arista Networks Trading Down 1.5%

ANET opened at $136.30 on Friday. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94. The company has a market capitalization of $171.64 billion, a PE ratio of 51.82, a PEG ratio of 2.29 and a beta of 1.41. The firm’s 50 day simple moving average is $128.62 and its two-hundred day simple moving average is $133.92.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm 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 revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.40 EPS. Equities analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

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 (to $159), citing a “year of refresh” as hyperscalers shift capex from chips to network infrastructure (800G/1.6T adoption). The upgrade reinforces the consensus Buy posture and is being cited as a primary reason for recent upside momentum. Can ‘Year of Refresh’ Thesis Reignite Arista’s AI Growth Story?
• Neutral Sentiment: ANET posted a strong short-term move (a high-volume rally noted by Zacks), which signals investor interest and liquidity — but Zacks warns that recent earnings estimate revision trends may not sustain the move without confirmatory earnings/capex data. Momentum is present, but fundamentals and guidance will need to follow. Arista Networks (ANET) Moves 8.7% Higher: Will This Strength Last?
• Neutral Sentiment: General sector coverage highlights cloud and AI infrastructure as themes investors can use for exposure; this is background tailwind for Arista but not company-specific news that directly moves the stock. Treat as thematic support rather than a catalyst. Seeking Cloud Exposure? Use This Tool
• Negative Sentiment: Insider selling: SEC filings show Kenneth Duda sold shares in recent January transactions (two filings totalling ~56,000 shares at about $128.43 each). Insider sales can raise short-term caution among investors, especially given Arista’s customer concentration and high valuation. SEC Filing — Insider Sales

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 24,042 shares of Arista Networks stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $124.55, for a total transaction of $2,994,431.10. Following the transaction, the chief executive officer owned 9,917 shares of the company’s stock, valued at $1,235,162.35. The trade was a 70.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $133.79, for a total transaction of $1,070,320.00. Following the completion of the transaction, the director owned 17,784 shares of the company’s stock, valued at approximately $2,379,321.36. The trade was a 31.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 216,464 shares of company stock valued at $27,687,068 over the last quarter. 3.39% of the stock is currently owned by company insiders.

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.