Institutional investors boosted Arista Networks' shares after strong Q3 results, driving its stock to $123.77 on Jan. 9, 2026.

Institutional investors increased their stakes in Arista Networks (ANET), with United Asset Strategies buying 6,239 shares, Oregon Public Employees Retirement Fund raising its position by 32.3%, and Voya Investment Management adding 1.56 million shares. The company reported strong Q3 results on November 4, 2025, with $0.75 EPS and $2.31 billion in revenue, up 27.5% year-over-year. Arista’s stock, trading at $123.77 on January 9, 2026, has a market cap of $155.86 billion and a P/E ratio of 47.06. Analysts project $2.20 EPS for the year, and the stock holds a "Moderate Buy" rating with a $164.44 target.