Norris Perne & French 13F: Adds $3.9M to ANET Stake
Key Points
- Norris Perne & French's stake in Arista Networks now totals 42,449 shares, valued at approximately $8.64 million.
- The recent share price of Arista Networks is $177.23, which is about 2.8% above the closing price of $172.37 on the filing date.
- The firm holds a 0.65% weight in its portfolio, ranking 33rd among its 156 positions.
Since the filing, $ANET is up 3.2% to date (from the $172.37 close on Oct 23, 2026).
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Norris Perne & French boosted its position in Arista Networks, Inc. (NYSE: ANET) by 19,314 shares in a filing on October 23, 2026.
ANET
Arista Networks, Inc.
Where Arista Networks Fits in Norris Perne & French's Portfolio
This position now represents 0.65% of Norris Perne & French's total reported value of approximately $1.33 billion. The firm ranks 33rd among its 156 positions, with this change reflecting an 83.5% increase in their holdings.
Other Institutional Activity in Arista Networks
Accurate Wealth Management reduced its stake by 8,270 shares, ending with 6,655 shares worth about $1.36 million. Assenagon Asset Management S.A. increased its holdings by 1,343,263 shares, bringing its total to 3,414,924 shares valued at approximately $695.2 million. Curated Wealth Partners cut its position by 8,030,32 shares, leaving it with just 8,425 shares valued at around $1.72 million.
Arista Networks, Inc. Stock Up 2.8%
As of October 27, 2026, Arista Networks shares are trading around $177.23, which is 2.8% above the closing price of $172.37 on the filing date. The stock is still below its 50-day moving average of $196.42, but it is above its 52-week low of $114.52.
Recent Earnings
Arista Networks reported trailing twelve-month revenue of approximately $10.54 billion, with an earnings per share (EPS) of $2.94. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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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.
Several insiders sold shares recently, including CEO Jayshree Ullal, who sold 130,553 shares on October 9, 2026, for approximately $28.34 million. President and CTO Kenneth Duda also sold 43,333 shares on October 20, 2026, valued at about $7.84 million.
Analysts Set New Price Targets
Analysts have shown confidence in Arista Networks, with Barclays maintaining an Overweight rating and a price target of $289.00 as of August 6, 2026. Citigroup also maintains a Buy rating with a target of $248.00, reflecting a positive outlook from multiple firms.
About Arista Networks
Arista Networks, Inc. develops and sells networking solutions for data centers and cloud environments. The company is based in Santa Clara, California, and serves markets across the Americas, Europe, and Asia-Pacific.
Bottom Line
Investors will be watching for Arista's upcoming earnings report on November 3, 2026, as well as any further changes in institutional holdings following this recent boost by Norris Perne & French.
Related Filing Alerts
Source: Norris Perne & French's 13F filing on $ANET (Oct 23, 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