Highland Capital Management 13F: New $3.1M Stake in ANET
Key Points
- Highland Capital Management's new position in Arista Networks represents a value of approximately $3.15 million, contributing 0.38% to its overall portfolio.
- Highland Capital Management held 15,461 $ANET shares at quarter end, all of it a new position.
- As of October 27, 2026, Arista Networks shares were recently trading at $177.23, which is about 0.4% below the closing price of $177.96 on October 26, 2026.
- The company is set to report earnings on November 3, 2026, after showing a revenue growth of 37.7% year-over-year.
Get Arista Networks text alerts
We text you when insiders, Congress, analysts or big funds move on $ANET.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Arista Networks, Inc. alert may contain errors. Disclosures
Highland Capital Management took a new position by acquiring 15,461 shares of Arista Networks, Inc. (NYSE: ANET), valued at about $3.15 million, in a filing on October 26, 2026. This move adds to Highland's reported value of $833 million across its 415 holdings, ranking Arista as the 27th largest position in their portfolio.
ANET
Arista Networks, Inc.
Other Institutional Activity in Arista Networks
In recent filings, Assenagon Asset Management S.A. increased its stake in Arista Networks by 1,343,263 shares, bringing its total to approximately 3.41 million shares valued at about $695.2 million. Meanwhile, Norris Perne & French added 19,314 shares to its position, now holding 42,449 shares worth about $8.6 million.
Arista Networks, Inc. Stock Up 2.8%
As of October 27, 2026, Arista Networks shares were trading around $177.23, which is about 0.4% below the closing price of $177.96 on the filing date. The stock is currently 18.5% below its 52-week high of $217.41 but remains above its 52-week low of $114.52.
Recent Earnings
Arista Networks reported trailing twelve-month revenue of $10.54 billion and earnings per share (EPS) of $3.17. The company has shown strong financial performance with a net margin of 38.4% and a return on equity of 31.5%. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
5 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
-
Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
5 target raises, 1 target cut.
-
Earnings quality
Gross margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.
Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Arista Networks, Inc.
Recently, several insiders sold shares of Arista Networks. Chief Executive Officer Jayshree Ullal sold 460,374 shares on October 6, 2026, while Chief Financial Officer Chantelle Yvette Breithaupt sold 1,224 shares on the same day. On October 9, 2026, Ullal sold an additional 130,553 shares. These transactions occurred before Highland's new position was disclosed.
Analysts Set New Price Targets
Analysts have been active on Arista Networks, with Barclays maintaining an Overweight rating and a price target of $289 on August 6, 2026. Deutsche Bank initiated coverage with a Buy rating and a target of $220 on September 1, 2026. The average price target from 29 analysts is approximately $243.59, indicating a strong buy recommendation.
About Arista Networks
Arista Networks, Inc. develops and sells networking solutions primarily for data centers and cloud environments. With a focus on data-driven networking, the company has been a significant player in the technology sector, providing solutions that cater to various industries across the globe.
Bottom Line
Investors should keep an eye on Arista Networks as the company prepares to release its earnings report on November 3, 2026. Highland Capital Management's new stake in the company adds an interesting dynamic to its portfolio as it navigates the technology sector.
Related Filing Alerts
Source: Highland Capital Management's 13F filing on $ANET (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts