Arista Networks, Inc. $ANET Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 170,490 shares of the technology company’s stock after buying an additional 8,106 shares during the quarter. New York Life Investment Management LLC’s holdings in Arista Networks were worth $34,710,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gen Wealth Partners Inc increased its stake in shares of Arista Networks by 170.8% in the third quarter. Gen Wealth Partners Inc now owns 371 shares of the technology company’s stock valued at $76,000 after buying an additional 234 shares during the period. 71 West Capital Partners lifted its stake in shares of Arista Networks by 6.8% in the third quarter. 71 West Capital Partners now owns 7,320 shares of the technology company’s stock worth $1,490,000 after acquiring an additional 469 shares during the period. Nemes Rush Group LLC lifted its stake in shares of Arista Networks by 3.7% in the third quarter. Nemes Rush Group LLC now owns 5,222 shares of the technology company’s stock worth $1,063,000 after acquiring an additional 188 shares during the period. Texas Bank & Trust Co acquired a new position in shares of Arista Networks in the third quarter worth approximately $344,000. Finally, Kestra Investment Management LLC lifted its stake in shares of Arista Networks by 18.6% in the third quarter. Kestra Investment Management LLC now owns 6,097 shares of the technology company’s stock worth $1,241,000 after acquiring an additional 955 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 0.6%

ANET stock opened at $185.13 on Wednesday. The stock has a 50-day moving average price of $192.19 and a 200-day moving average price of $166.23. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The firm has a market cap 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.

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

Key Headlines Impacting Arista Networks

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

Analyst Upgrades and Downgrades

Several analysts recently commented on ANET shares. Wall Street Zen upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Arista Networks in a report on Monday, August 31st. They set a “buy” rating and a $220.00 price target for the company. Melius Research set a $305.00 price target on shares of Arista Networks in a research report on Wednesday, November 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $245.00 price objective (down from $255.00) on shares of Arista Networks in a research note on Wednesday, November 4th. Finally, Piper Sandler upped 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. Four analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $240.24.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the transaction, the insider owned 180,843,048 shares in the company, valued at $36,638,801,524.80. The trade was a 0.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 460,374 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $212.09, for a total transaction of $97,640,721.66. Following the transaction, the chief executive officer directly owned 4,811,207 shares in the company, valued at approximately $1,020,408,892.63. This represents a 8.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,067,489 shares of company stock worth $406,340,373 in the last quarter. Company insiders own 2.70% of the company’s stock.

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.