Arista Networks, Inc. $ANET Stock: Fifth Third Bancorp Lowers Position

Fifth Third Bancorp decreased its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,101,004 shares of the technology company’s stock after selling 36,571 shares during the period. Fifth Third Bancorp owned 0.09% of Arista Networks worth $224,153,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ANET. State Street Corp grew its stake in shares of Arista Networks by 159.4% during the 2nd 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 purchased a new position in shares of Arista Networks in the 2nd quarter worth $1,101,860,000. Envestnet Asset Management Inc. raised its position in shares of Arista Networks by 199.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock worth $1,635,978,000 after buying an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of Arista Networks in the 2nd quarter worth $537,736,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ANET shares. TD Cowen reduced their target price on Arista Networks from $250.00 to $205.00 and set a “buy” rating on the stock in a report on Monday, October 19th. Melius Research set a $305.00 price target on Arista Networks in a research note on Wednesday, November 4th. Piper Sandler upped their price target on Arista Networks from $240.00 to $261.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Wall Street Zen upgraded Arista Networks from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Arista Networks from $250.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Arista Networks currently has an average rating of “Buy” and an average price target of $240.24.

Arista Networks Trading Up 6.4%

ANET opened at $196.81 on Thursday. The company has a fifty day simple moving average of $192.35 and a 200 day simple moving average of $166.53. The firm has a market cap of $248.65 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 1.65 and a beta of 1.61. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $217.41.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.33 billion. Arista Networks had a net margin of 39.97% and a return on equity of 32.20%. The firm’s revenue was up 58.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. On average, analysts forecast that Arista Networks, Inc. will post 4.01 earnings per share for the current fiscal year.

Key Headlines Impacting Arista Networks

Investors following ANET have been watching these headlines:

• Positive Sentiment: An AI-cloud rebound lifted networking shares, and Arista’s fourth-quarter revenue guidance of $3.9 billion to $4.0 billion offered investors a concrete growth catalyst. Arista Networks Stocks Climb as AI Cloud Rebound Lifts Networking Leader
• Positive Sentiment: KeyCorp raised its earnings estimates across fiscal 2026 and 2027, projecting $6.02 per share for fiscal 2027, and maintained an Overweight rating with a $250 price target. The revisions add to the growth case, though they reflect one analyst’s forecasts. KeyCorp estimate and rating information
• Negative Sentiment: A wider AI-stock sell-off remains a near-term risk, and Arista underperformed some competitors despite rising in Wednesday’s session. Sector volatility could limit gains even as company-specific fundamentals remain strong. Arista Networks stock underperforms competitors despite gains

Insider Buying and Selling at Arista Networks

In related news, Director Mark B. Templeton sold 5,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $165.85, for a total value of $829,250.00. Following the completion of the transaction, the director owned 43,410 shares of the company’s stock, valued at approximately $7,199,548.50. This represents a 10.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $165.45, for a total value of $43,017,000.00. Following the sale, the insider owned 179,755,156 shares of the company’s stock, valued at approximately $29,740,490,560.20. This trade represents a 0.14% 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. In the last 90 days, insiders sold 2,067,489 shares of company stock valued at $406,340,373. Company insiders own 2.70% of the company’s stock.

Arista Networks 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.