Bank of Nova Scotia Sells 14,176 Shares of Arista Networks, Inc. $ANET

Bank of Nova Scotia decreased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 857,037 shares of the technology company’s stock after selling 14,176 shares during the period. Bank of Nova Scotia’s holdings in Arista Networks were worth $105,230,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares during the last quarter. State Street Corp boosted its stake in Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after purchasing an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Arista Networks by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after purchasing an additional 380,724 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after purchasing an additional 477,625 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $1,558,563,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Kenneth Duda sold 17,333 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,224,345.92. This represents a 57.19% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 234,578 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $187.18, for a total transaction of $43,908,310.04. Following the sale, the chief executive officer owned 5,134,207 shares of the company’s stock, valued at $961,020,866.26. This trade represents a 4.37% decrease in their position. 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. In the last quarter, insiders sold 2,264,983 shares of company stock valued at $376,175,065. 2.70% of the stock is owned by company insiders.

Arista Networks Stock Up 0.9%

ANET stock opened at $176.53 on Friday. The firm has a market cap of $222.29 billion, a PE ratio of 60.46, a P/E/G ratio of 2.68 and a beta of 1.60. The business has a 50 day moving average of $164.31 and a 200-day moving average of $148.52. Arista Networks, Inc. has a 12-month low of $112.80 and a 12-month high of $189.82.

Arista Networks (NYSE:ANET) last issued 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 return on equity of 30.10% and a net margin of 38.32%.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 company posted $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. On average, research analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Key Arista Networks News

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

• Positive Sentiment: Needham raised its price target on Arista Networks to $200 and maintained a Buy rating, signaling confidence in continued upside for the AI networking leader.
• Positive Sentiment: Multiple recent articles highlight Arista as a beneficiary of expanding AI adoption, which supports the investment case for its data-center and enterprise networking products.
• Positive Sentiment: Coverage also pointed to Arista’s new AI-driven VeloCloud security solution and AI zero-trust branch platform, both of which could help expand enterprise demand and deepen its product mix. Article Title
• Positive Sentiment: Some commentary says Arista is still benefiting from strong 2026 momentum and may have more room to run after a strong first half of the year. Article Title
• Neutral Sentiment: One valuation-focused piece argued the stock looks fairly priced by discounted cash flow but expensive on traditional multiples, creating a mixed picture for investors. Article Title
• Neutral Sentiment: Several other items were largely commentary or ranking pieces that reinforce Arista’s growth reputation but do not introduce a major new catalyst. Article Title

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Barclays reissued an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Needham & Company LLC lifted their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $200.00 price objective (up from $185.00) on shares of Arista Networks in a report on Thursday, July 16th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $189.74.

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.