Arista Networks, Inc. $ANET Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Arista Networks, Inc. (NYSE:ANET) by 5.3% in the third quarter, HoldingsChannel.com reports. The firm owned 122,220 shares of the technology company’s stock after selling 6,823 shares during the period. Mutual of America Capital Management LLC’s holdings in Arista Networks were worth $17,809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Arista Networks by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock worth $10,127,984,000 after acquiring an additional 1,136,167 shares during the period. Cresset Asset Management LLC lifted its holdings in Arista Networks by 1.0% in the 2nd quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company’s stock valued at $2,698,362,000 after acquiring an additional 263,272 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Arista Networks by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock valued at $2,606,694,000 after acquiring an additional 128,977 shares during the last quarter. Norges Bank bought a new position in shares of Arista Networks during the 2nd quarter valued at about $1,228,177,000. Finally, Schroder Investment Management Group grew its stake in shares of Arista Networks by 14.8% in the 2nd quarter. Schroder Investment Management Group now owns 10,494,124 shares of the technology company’s stock worth $1,073,654,000 after purchasing an additional 1,350,593 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Barclays reiterated an “overweight” rating and issued a $183.00 target price (up from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Erste Group Bank lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Piper Sandler upgraded Arista Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $145.00 to $159.00 in a research report on Monday, January 5th. UBS Group reissued a “buy” rating and set a $155.00 price objective on shares of Arista Networks in a research note on Wednesday, December 3rd. Finally, Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.44.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Piper Sandler upgraded ANET to Overweight and raised its price target (to $159), citing a “year of refresh” as hyperscalers shift capex from chips to network infrastructure (800G/1.6T adoption). The upgrade reinforces the consensus Buy posture and is being cited as a primary reason for recent upside momentum. Can ‘Year of Refresh’ Thesis Reignite Arista’s AI Growth Story?
• Neutral Sentiment: ANET posted a strong short-term move (a high-volume rally noted by Zacks), which signals investor interest and liquidity — but Zacks warns that recent earnings estimate revision trends may not sustain the move without confirmatory earnings/capex data. Momentum is present, but fundamentals and guidance will need to follow. Arista Networks (ANET) Moves 8.7% Higher: Will This Strength Last?
• Neutral Sentiment: General sector coverage highlights cloud and AI infrastructure as themes investors can use for exposure; this is background tailwind for Arista but not company-specific news that directly moves the stock. Treat as thematic support rather than a catalyst. Seeking Cloud Exposure? Use This Tool
• Negative Sentiment: Insider selling: SEC filings show Kenneth Duda sold shares in recent January transactions (two filings totalling ~56,000 shares at about $128.43 each). Insider sales can raise short-term caution among investors, especially given Arista’s customer concentration and high valuation. SEC Filing — Insider Sales

Arista Networks Stock Performance

ANET opened at $136.30 on Monday. The stock has a 50-day moving average of $128.62 and a 200-day moving average of $134.12. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $164.94. The company has a market cap of $171.64 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 2.29 and a beta of 1.41.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.40 EPS. On average, research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In related news, Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $117.15, for a total value of $49,437.30. Following the completion of the transaction, the director owned 8,980 shares of the company’s stock, valued at $1,052,007. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $128.43, for a total value of $3,339,180.00. Following the transaction, the insider directly owned 522,400 shares of the company’s stock, valued at approximately $67,091,832. The trade was a 4.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 216,464 shares of company stock worth $27,687,068 over the last three months. 3.54% of the stock is currently owned by corporate insiders.

Arista Networks Company 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.