Arista Networks, Inc. $ANET Stock Sold by M & L Capital Management Ltd

M & L Capital Management Ltd decreased its position in Arista Networks, Inc. (NYSE:ANET) by 61.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,200 shares of the technology company’s stock after selling 52,800 shares during the period. Arista Networks comprises approximately 1.4% of M & L Capital Management Ltd’s portfolio, making the stock its 16th largest position. M & L Capital Management Ltd’s holdings in Arista Networks were worth $6,759,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ANET. Davidson Trust Co. acquired a new stake in shares of Arista Networks in the 3rd quarter valued at about $3,512,000. Deutsche Bank AG boosted its position in shares of Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock worth $1,589,651,000 after buying an additional 388,354 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in shares of Arista Networks by 2,827.9% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after buying an additional 50,592 shares during the period. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Arista Networks during the first quarter worth about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. grew its holdings in shares of Arista Networks by 564.1% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock worth $2,862,000 after buying an additional 14,310 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ANET shares. Citigroup reissued a “buy” rating and issued a $248.00 target price (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Truist Financial upped their price target on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $225.00 price target on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $233.20.

Arista Networks Stock Performance

Arista Networks stock opened at $187.28 on Wednesday. The firm has a 50-day moving average of $195.64 and a 200-day moving average of $163.86. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $217.41.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current year.

Insider Buying and Selling

In related news, insider Kenneth Duda sold 26,000 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total transaction of $4,703,660.00. Following the completion of the transaction, the insider directly owned 432,400 shares of the company’s stock, valued at approximately $78,225,484. This represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Templeton sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total value of $1,021,850.00. Following the completion of the transaction, the director owned 48,410 shares of the company’s stock, valued at approximately $9,893,551.70. This represents a 9.36% 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. Over the last ninety days, insiders have sold 3,627,449 shares of company stock worth $741,235,386. Insiders own 2.70% of the company’s stock.

Arista Networks News Summary

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

• Positive Sentiment: AI networking momentum is driving investor optimism. Arista reportedly delivered a record quarter, including its first quarter with more than $3 billion in revenue, as demand accelerated for Ethernet-based networking equipment used in AI data centers. Management also raised its 2026 revenue outlook. Arista Networks (ANET) Is Winning AI Data Center Network Share
• Positive Sentiment: Arista is taking share from Nvidia’s InfiniBand platform. Analysts and market commentators say Arista’s open Ethernet fabrics, built with Broadcom silicon, are increasingly being selected for AI infrastructure projects that might previously have used Nvidia’s proprietary InfiniBand technology. This expands Arista’s addressable market and supports its long-term growth case. The Ethernet Tollbooth: Arista Rides Broadcom Silicon to Break Nvidia’s InfiniBand Monopoly
• Positive Sentiment: Strong prior results provide a favorable earnings setup. Arista’s latest reported quarter exceeded consensus expectations, with revenue of $3.04 billion, up 37.7% year over year, and earnings per share of $1.02 versus the $0.89 estimate. Investors are now looking for continued strength at the November earnings event. Arista Networks Stocks Gain 5.61% Ahead of November Earnings Test
• Neutral Sentiment: Insider selling is a cautionary signal, but not yet a fundamental change. Arista insiders have sold shares alongside insiders at other AI-related companies. However, the report notes that analyst support, institutional interest and operating fundamentals remain broadly favorable. Insiders Are Selling These 5 AI Stocks—Should You Worry?
• Negative Sentiment: Funding concerns and valuation create downside risks. Elon Musk’s warning that debt-market funding for AI data centers may be drying up raises questions about future customer spending. In addition, Arista’s premium valuation leaves the stock vulnerable if November results or guidance fail to meet elevated expectations. Is Money for AI Data Centers Drying Up?

Arista Networks Company Profile

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.