Arista Networks, Inc. $ANET Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Arista Networks, Inc. (NYSE:ANET) by 2.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,267,485 shares of the technology company’s stock after selling 56,018 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.18% of Arista Networks worth $461,637,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Arista Networks by 159.4% in the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock valued at $20,606,975,000 after buying an additional 74,541,134 shares during the period. Jupiter Topco LLC bought a new stake in shares of Arista Networks during the second quarter worth $1,101,860,000. Envestnet Asset Management Inc. raised its holdings in shares of Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after acquiring an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of Arista Networks during the second quarter worth $537,736,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after acquiring an additional 2,497,275 shares during the period. Institutional investors own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. This trade represents a 0.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,627,449 shares of company stock worth $741,235,386 in the last ninety days. 2.70% of the stock is owned by company insiders.

Arista Networks Trading Down 8.5%

ANET opened at $168.63 on Friday. The stock’s fifty day simple moving average is $195.18 and its 200 day simple moving average is $164.70. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The stock has a market cap of $212.68 billion, a PE ratio of 53.20, a price-to-earnings-growth ratio of 1.96 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Analyst Ratings Changes

ANET has been the subject of a number of research reports. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Barclays reissued an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp restated an “overweight” rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Wednesday, October 7th. Finally, Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $233.20.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista’s leadership in high-speed networking for hyperscale cloud and artificial-intelligence data centers remains a key investment argument. A comparison with Figma highlights Arista’s established infrastructure position, while Figma is still expanding its collaborative design platform and generative-AI tools. Arista Networks vs. Figma: Which Technology Stock Is a Better Buy in 2026?
• Positive Sentiment: Analysts and market commentary continue to point to accelerating AI infrastructure investment as a long-term growth driver. One valuation analysis suggests ANET could be roughly 23% undervalued if its AI-related outlook and product expansion are realized. Arista Networks Could Be 23% Undervalued Following Its AI Infrastructure Outlook
• Positive Sentiment: Arista was included among high-return-on-equity stocks positioned to benefit from the AI-driven market rally, reinforcing its reputation for strong profitability and capital efficiency. 5 Stocks With High ROE to Bet on as AI-Infused Rally Spurs Markets
• Neutral Sentiment: The global AI data-center market is forecast to expand substantially through 2036, offering a favorable industry backdrop for Arista, although the report covers many competing equipment and infrastructure suppliers. Global AI Data Center Market Size, Share, Trends, and Forecast
• Negative Sentiment: Investors appear cautious ahead of earnings: shares have pulled back nearly 10% over the past month and roughly 20% from their high as profit-taking and valuation concerns increase the risk of disappointment. Arista trades at a premium multiple, leaving limited room for weaker guidance or supply-chain issues. Down 20% From Highs, Is Arista Networks a Genius Buy or a Trap Before Earnings?
• Negative Sentiment: Recent trading coverage noted ANET underperformed the broader market, while attention on a Prometheus networking deployment adds another near-term execution and product-adoption uncertainty. Arista Networks Stocks Move Lower With Prometheus Networking Deployment in Focus

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.