Bank of New York Mellon Corp Sells 36,968 Shares of Arista Networks, Inc. $ANET

Bank of New York Mellon Corp reduced its position in Arista Networks, Inc. (NYSE:ANET) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,578,658 shares of the technology company’s stock after selling 36,968 shares during the period. Bank of New York Mellon Corp’s holdings in Arista Networks were worth $730,972,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Palatine Hill Wealth Management LLC bought a new position in shares of Arista Networks in the fourth quarter worth approximately $530,000. Kesler Norman & Wride LLC boosted its position in shares of Arista Networks by 5.1% in the fourth quarter. Kesler Norman & Wride LLC now owns 17,289 shares of the technology company’s stock worth $2,265,000 after purchasing an additional 837 shares during the period. Dynasty Wealth Management LLC boosted its position in shares of Arista Networks by 8.8% in the fourth quarter. Dynasty Wealth Management LLC now owns 7,242 shares of the technology company’s stock worth $949,000 after purchasing an additional 584 shares during the period. Strategic Advisors LLC boosted its position in shares of Arista Networks by 22.1% during the fourth quarter. Strategic Advisors LLC now owns 19,313 shares of the technology company’s stock worth $2,531,000 after acquiring an additional 3,496 shares during the last quarter. Finally, AXQ Capital LP boosted its position in shares of Arista Networks by 31.3% during the fourth quarter. AXQ Capital LP now owns 17,002 shares of the technology company’s stock worth $2,228,000 after acquiring an additional 4,055 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the completion of the transaction, the insider owned 182,803,048 shares in the company, valued at $28,674,486,109.28. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on 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 owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,943,142 shares of company stock worth $314,941,943 over the last 90 days. 2.70% of the stock is owned by insiders.

Arista Networks Stock Down 0.3%

ANET stock 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 company has a fifty day simple moving average of $149.88 and a two-hundred day simple moving average of $138.46. The firm has a market capitalization of $220.02 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 2.70 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $0.65 earnings per share. Arista Networks’s quarterly revenue 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. As a group, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

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?

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ANET. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Needham & Company LLC restated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Rosenblatt Securities upped their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Finally, Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $185.72.

Arista Networks Profile

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.