TD Asset Management Inc Sells 446,481 Shares of Arista Networks, Inc. $ANET

Posted by George Bondi on Aug 16th, 2026

TD Asset Management Inc lessened its stake in Arista Networks, Inc. (NYSE:ANET – Free Report) by 22.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,531,275 shares of the technology company’s stock after selling 446,481 shares during the quarter. TD Asset Management Inc’s holdings in Arista Networks were worth $260,133,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ANET. Boomfish Wealth Group LLC grew its stake in Arista Networks by 0.4% during the second quarter. Boomfish Wealth Group LLC now owns 24,952 shares of the technology company’s stock worth $4,239,000 after buying an additional 95 shares in the last quarter. Strive Financial Group LLC increased its holdings in Arista Networks by 289.3% in the 2nd quarter. Strive Financial Group LLC now owns 3,842 shares of the technology company’s stock valued at $653,000 after buying an additional 2,855 shares during the period. Blueprint Investment Partners LLC acquired a new position in shares of Arista Networks in the 2nd quarter valued at approximately $3,358,000. SmartHarvest Portfolios LLC raised its position in shares of Arista Networks by 11.0% in the 2nd quarter. SmartHarvest Portfolios LLC now owns 4,975 shares of the technology company’s stock valued at $845,000 after buying an additional 492 shares in the last quarter. Finally, Choreo LLC lifted its holdings in shares of Arista Networks by 21.5% during the 2nd quarter. Choreo LLC now owns 30,151 shares of the technology company’s stock worth $5,122,000 after acquiring an additional 5,343 shares during the period. Institutional investors own 82.47% of the company’s stock.

More Arista Networks News

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

Positive Sentiment: Arista remains a key beneficiary of expanding artificial-intelligence infrastructure spending. A comparison with Celestica highlights both companies’ growing roles in AI networking, computing and data-center buildouts. Arista’s latest quarter also showed strong momentum, with revenue rising 37.7% year over year and earnings exceeding analyst expectations. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
Positive Sentiment: CNBC commentator Jim Cramer continues to favor Arista and has described the company and CEO Jayshree Ullal as difficult competitors to bet against. The endorsement reinforces Arista’s reputation as a leading AI-networking investment, although it is sentiment-driven rather than a new fundamental catalyst. Jim Cramer Said Arista Networks, Inc. and Snowflake Inc. Were Worth It
Neutral Sentiment: An options strategy discussed for ANET would generate income while capping upside at a price above the current level. The strategy reflects elevated investor interest and volatility but does not change Arista’s business outlook. Get Paid 18% a Year To Cap Your ANET Stock At 21% Higher
Negative Sentiment: CEO Jayshree Ullal sold 573,509 shares worth approximately $119.4 million, reducing her direct ownership by 95.82% to 25,000 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the size of the sale can still weigh on sentiment. SEC insider-trading filing
Negative Sentiment: A valuation analysis argues that Arista’s shares are priced for peak profitability. With the stock trading at a historically elevated multiple and margins near the upper end of their range, investors may be concerned that future upside requires continued exceptional growth and profitability. Arista Networks Stock Is Priced For Its Peak Margin

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 573,509 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total value of $119,364,428.17. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $5,203,250. This represents a 95.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $181.02, for a total value of $1,448,160.00. Following the sale, the director directly owned 184,333 shares in the company, valued at approximately $33,367,959.66. This trade represents a 4.16% 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 ninety days, insiders sold 4,393,168 shares of company stock worth $806,762,269. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ANET. Wells Fargo & Company reiterated an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Piper Sandler restated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Evercore restated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $226.05.

View Our Latest Stock Analysis on ANET

Arista Networks Trading Down 2.3%

ANET opened at $198.91 on Friday. The company has a market cap of $250.87 billion, a P/E ratio of 62.75, a PEG ratio of 2.06 and a beta of 1.60. The company’s 50 day moving average is $174.08 and its 200-day moving average is $154.72. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts forecast that Arista Networks, Inc. will post 3.7 EPS for the current year.

Arista Networks Company Profile

(Free Report)

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.