218,276 Arista Networks, Inc. $ANET Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in Arista Networks, Inc. (NYSE:ANET) by 53.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,453 shares of the technology company’s stock after buying an additional 218,276 shares during the period. TD Waterhouse Canada Inc.’s holdings in Arista Networks were worth $126,929,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ANET. ABS Investment Management LLC acquired a new position in shares of Arista Networks during the second quarter worth $29,000. ABS Direct Equity Fund LLC bought a new position in shares of Arista Networks in the 2nd quarter valued at $29,000. Kelleher Financial Advisors bought a new position in shares of Arista Networks in the 2nd quarter valued at $31,000. Cornerstone Financial Management LLC boosted its holdings in shares of Arista Networks by 61.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Arista Networks during the 4th quarter valued at $27,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,627,449 shares of company stock valued at $740,784,723. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANET. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Sanford C. Bernstein assumed coverage on Arista Networks in a report on Wednesday, September 30th. They issued an “outperform” rating and a $250.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Arista Networks in a research report on Monday, August 31st. They issued a “buy” rating and a $220.00 target price for the company. Bank of America reissued a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Morgan Stanley reissued an “overweight” rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $235.45.

Arista Networks Stock Down 4.7%

NYSE ANET traded down $8.74 on Friday, hitting $176.84. The company’s stock had a trading volume of 6,842,368 shares, compared to its average volume of 5,292,150. The company’s 50-day moving average is $198.46 and its 200 day moving average is $174.34. The firm has a market cap of $223.03 billion, a PE ratio of 55.78, a PEG ratio of 2.16 and a beta of 1.60. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. Arista Networks’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts expect that Arista Networks, Inc. will post 3.79 EPS for the current year.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.