Arista Networks, Inc. $ANET Shares Bought by Keybank National Association OH

Keybank National Association OH increased its stake in Arista Networks, Inc. (NYSE:ANET) by 15.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 403,324 shares of the technology company’s stock after purchasing an additional 53,452 shares during the period. Keybank National Association OH’s holdings in Arista Networks were worth $82,113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. William Mack & Associates Inc. acquired a new stake in Arista Networks during the third quarter worth about $27,000. Flagship Wealth Advisors LLC bought a new position in Arista Networks in the 3rd quarter valued at about $31,000. ABS Investment Management LLC bought a new position in Arista Networks in the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC bought a new position in Arista Networks in the 2nd quarter valued at about $29,000. Finally, Balance Wealth Partners LLC acquired a new position in shares of Arista Networks in the 3rd quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Key Arista Networks News

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

• Positive Sentiment: KeyCorp raised its Q4 2026 EPS estimate to $1.19 from $1.06 and maintained an Overweight rating with a $250 price target, signaling confidence in Arista’s earnings prospects. Arista Networks analyst coverage
• Positive Sentiment: AI-focused commentary points to continued data-center investment and networking demand as potential support for Arista, with ANET included among stocks investors might consider buying amid the tech selloff. AI Boom Isn’t Over: 4 Stocks to Buy the Dip
• Neutral Sentiment: Arista’s recent results were strong—quarterly revenue grew 58.5% year over year and EPS beat estimates—and its approximately $18.5 billion 2027 revenue outlook underscores growth ambitions. However, the company’s $11.4 billion in supplier commitments make execution important to delivering that outlook. Arista’s supplier commitments and 2027 outlook
• Negative Sentiment: Reports cite a broad AI-hardware selloff that has pressured Arista shares despite its strong results, pointing to sector sentiment as a near-term headwind. Arista shares amid the AI-hardware selloff
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares for about $43 million. The sale was under a pre-arranged 10b5-1 plan and reduced his stake by just 0.14%, which may temper—but does not eliminate—the negative signal investors could read into insider selling. Arista major shareholder sale

Arista Networks Stock Performance

Shares of NYSE:ANET opened at $185.13 on Wednesday. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The company has a market capitalization of $233.90 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61. The company has a fifty day moving average of $192.19 and a 200-day moving average of $166.23.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.12. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.33 billion. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. Arista Networks’s revenue for the quarter was up 58.5% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.99 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider directly owned 180,843,048 shares in the company, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 460,374 shares of Arista Networks stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the sale, the chief executive officer directly owned 4,811,207 shares in the company, valued at $1,020,408,892.63. The trade was a 8.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,067,489 shares of company stock worth $406,340,373. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Arista Networks from a “buy (b)” rating to a “hold (c+)” rating in a report on Wednesday, November 4th. Bank of America reiterated a “buy” rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler lifted their price objective on shares of Arista Networks from $240.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and an average target price of $240.24.

Arista Networks Company Profile

Arista Networks, Inc. develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks. The company’s software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista’s products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.