The Manufacturers Life Insurance Company Has $188.84 Million Stock Holdings in Arista Networks, Inc. $ANET

The Manufacturers Life Insurance Company lowered its stake in Arista Networks, Inc. (NYSE:ANET) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,111,678 shares of the technology company’s stock after selling 183,512 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of Arista Networks worth $188,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Cura Wealth Advisors LLC increased its holdings in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after purchasing an additional 52 shares during the last quarter. Madison Wealth Partners Inc boosted its holdings in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock worth $370,000 after buying an additional 60 shares during the last quarter. Intrua Financial LLC boosted its holdings in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares during the last quarter. Shepherd Financial Partners LLC grew its position in shares of Arista Networks by 1.2% during the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after buying an additional 66 shares during the period. Finally, NBT Bank N A NY increased its stake in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after acquiring an additional 67 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Performance

NYSE:ANET opened at $188.24 on Tuesday. The stock has a 50-day simple moving average of $177.95 and a 200 day simple moving average of $156.75. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a market cap of $237.42 billion, a PE ratio of 59.38, a PEG ratio of 1.95 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The business’s quarterly revenue 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. On average, research analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Bank of America reiterated a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $226.05.

Insider Buying and Selling at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 111,848 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the completion of the transaction, the insider owned 109,833 shares in the company, valued at approximately $21,170,310.75. This represents a 50.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 573,509 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $5,203,250. This trade represents a 95.82% 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 three months, insiders sold 3,935,851 shares of company stock worth $738,332,610. Company insiders own 2.70% of the company’s stock.

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.