TD Asset Management Inc Sells 340,178 Shares of Arista Networks, Inc. $ANET

Posted by Casey Walker on Jun 4th, 2026

TD Asset Management Inc lowered its stake in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,078,402 shares of the technology company’s stock after selling 340,178 shares during the period. TD Asset Management Inc’s holdings in Arista Networks were worth $272,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after buying an additional 70 shares during the period. United Asset Strategies Inc. raised its stake in Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock valued at $827,000 after buying an additional 72 shares during the period. West Family Investments Inc. raised its stake in Arista Networks by 0.9% in the third quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock valued at $1,219,000 after buying an additional 76 shares during the period. Personal CFO Solutions LLC raised its stake in Arista Networks by 3.2% in the fourth quarter. Personal CFO Solutions LLC now owns 2,429 shares of the technology company’s stock valued at $318,000 after buying an additional 76 shares during the period. Finally, Clark Financial Services Group Inc. BD raised its stake in Arista Networks by 2.2% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 3,776 shares of the technology company’s stock valued at $518,000 after buying an additional 80 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Stock Performance

NYSE:ANET opened at $174.73 on Thursday. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The firm has a market cap of $220.02 billion, a price-to-earnings ratio of 59.84, a P/E/G ratio of 2.70 and a beta of 1.61. The firm’s 50-day simple moving average is $149.88 and its 200 day simple moving average is $138.46.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.65 earnings per share. Arista Networks’s revenue for the quarter was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total transaction of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,943,142 shares of company stock valued at $314,941,943. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group restated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Morgan Stanley restated an “overweight” rating and set a $180.00 price objective on shares of Arista Networks in a research report on Friday, May 1st. Finally, TD Cowen restated a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $185.72.

Check Out Our Latest Stock Analysis on Arista Networks

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Arista’s conference presentation at the Bank of America 2026 Global Technology Conference may have highlighted demand trends, execution, and AI networking opportunities that support the stock’s premium valuation. Arista Networks, Inc. (ANET) Presents at Bank of America 2026 Global Technology Conference Transcript
Positive Sentiment: Multiple articles pointed to Arista’s AI networking tailwind, rising free cash flow, and strong year-to-date performance as reasons the stock could still have room to run. ANET Rises 33.8% in a YTD: Is There More Room for the Stock to Grow?
Positive Sentiment: Arista shareholders approved the board, executive pay, and auditor at the annual meeting, reducing governance uncertainty and signaling investor confidence in current leadership. Arista Networks Shareholders Back Board, Pay and Auditor
Neutral Sentiment: Commentary around whether Arista is still attractively valued after a strong 1-year rally reflects a debate about upside versus stretched expectations, rather than a clear fundamental negative. Is It Too Late To Consider Arista Networks (ANET) After Its Strong 1-Year Rally?
Negative Sentiment: Some coverage flagged key risks, including competition, dependence on AI infrastructure spending, and customer concentration, which could pressure the stock if growth slows. ANET Rises 33.8% in a YTD: Is There More Room for the Stock to Grow?

Arista Networks Profile

(Free Report)

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.