Keystone Financial Planning Inc. Buys 225,202 Shares of Arista Networks, Inc. $ANET

Posted by Stanley Muller on Oct 9th, 2026

Keystone Financial Planning Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 225,202 shares of the technology company’s stock, valued at approximately $45,849,000. Arista Networks comprises 8.8% of Keystone Financial Planning Inc.’s portfolio, making the stock its 3rd largest position.

Other hedge funds also recently bought and sold shares of the company. Cura Wealth Advisors LLC increased its stake in shares of Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares during the period. Madison Wealth Partners Inc lifted its holdings in shares of 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 position in shares of Arista Networks by 2.7% in the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares during the period. Shepherd Financial Partners LLC grew its stake in shares of Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after acquiring an additional 66 shares during the last quarter. Finally, NBT Bank N A NY grew its stake in shares of Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total value of $4,433,260.00. Following the completion of the sale, the insider owned 462,400 shares of the company’s stock, valued at approximately $78,843,824. This trade represents a 5.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 3,371,914 shares of company stock valued at $685,305,594. 2.70% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio designed for high-density AI infrastructure. The solutions support both scale-up and scale-out architectures, liquid-cooled deployments and improved resiliency, potentially expanding Arista’s role in data-center AI networks. The portfolio was developed with partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
Positive Sentiment: Investment commentary continues to identify Arista as a potential beneficiary of the AI infrastructure boom. Its Ethernet products may gain market share as hyperscalers seek open, interoperable alternatives to proprietary networking systems and reduce vendor concentration. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
Neutral Sentiment: The company’s recent operating performance remains strong: quarterly revenue increased 37.7% year over year to approximately $3.04 billion, while earnings exceeded expectations. Management’s outlook calls for roughly $1.06 to $1.08 in upcoming quarterly EPS, supporting the longer-term growth narrative.
Negative Sentiment: After rising roughly 60% or more year to date and reaching a record near $217, Arista’s valuation is demanding, with a trailing P/E near 67. Analysts and investors are questioning whether continued AI growth can justify the premium, particularly amid customer concentration and potential margin pressure. Arista Stock Rises 64.7% YTD: Is There More Upside Ahead?
Negative Sentiment: Zacks Research downgraded Arista from “strong buy” to “hold,” adding near-term pressure as the stock consolidates following its sharp advance. Arista Networks Stock Rating Lowered by Zacks Research

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays reaffirmed an “overweight” rating and issued a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a research report on Monday, August 31st. They issued a “buy” rating and a $220.00 price target on the stock. Rosenblatt Securities increased their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Get Our Latest Stock Report on ANET

Arista Networks Trading Down 2.3%

NYSE:ANET opened at $210.88 on Friday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $217.32. The firm has a 50 day moving average of $197.40 and a 200-day moving average of $171.74. The stock has a market capitalization of $265.97 billion, a P/E ratio of 66.53, a price-to-earnings-growth ratio of 2.54 and a beta of 1.60.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company earned $0.73 EPS. Arista Networks’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

Arista Networks Profile

(Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.