Keybank National Association OH Acquires 53,452 Shares of Arista Networks, Inc. $ANET

Posted by Brenda Bartman on Nov 11th, 2026

Keybank National Association OH increased its holdings in Arista Networks, Inc. (NYSE:ANET – Free Report) by 15.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 403,324 shares of the technology company’s stock after purchasing an additional 53,452 shares during the period. Keybank National Association OH’s holdings in Arista Networks were worth $82,113,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Csenge Advisory Group raised its position in shares of Arista Networks by 61.7% during the third quarter. Csenge Advisory Group now owns 6,019 shares of the technology company’s stock worth $1,225,000 after acquiring an additional 2,297 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in shares of Arista Networks by 4.9% in the third quarter. D Orazio & Associates Inc. now owns 1,360 shares of the technology company’s stock worth $277,000 after acquiring an additional 63 shares during the period. New York Life Investment Management LLC boosted its holdings in Arista Networks by 5.0% in the third quarter. New York Life Investment Management LLC now owns 170,490 shares of the technology company’s stock valued at $34,710,000 after acquiring an additional 8,106 shares during the last quarter. Gen Wealth Partners Inc boosted its holdings in Arista Networks by 170.8% in the third quarter. Gen Wealth Partners Inc now owns 371 shares of the technology company’s stock valued at $76,000 after acquiring an additional 234 shares during the last quarter. Finally, 71 West Capital Partners boosted its holdings in Arista Networks by 6.8% in the third quarter. 71 West Capital Partners now owns 7,320 shares of the technology company’s stock valued at $1,490,000 after acquiring an additional 469 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Barclays decreased their target price on shares of Arista Networks from $289.00 to $236.00 and set an “overweight” rating for the company in a research report on Wednesday, November 4th. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $250.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $245.00 price objective (down from $255.00) on shares of Arista Networks in a research note on Wednesday, November 4th. Melius Research set a $305.00 price objective on shares of Arista Networks in a research note on Wednesday, November 4th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Four research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $240.24.

Get Our Latest Stock Analysis on ANET

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $217.10, for a total value of $28,343,056.30. Following the transaction, the chief executive officer directly owned 4,774,691 shares of the company’s stock, valued at approximately $1,036,585,416.10. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a filing 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 17,333 shares of the stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $180.91, for a total value of $3,135,713.03. Following the transaction, the insider owned 12,976 shares in the company, valued at $2,347,488.16. The trade was a 57.19% 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. Insiders sold a total of 2,067,489 shares of company stock valued at $406,340,373 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Key Arista Networks News

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

Positive Sentiment: KeyCorp raised its Q4 2026 EPS estimate to $1.19 from $1.06 and maintained an Overweight rating with a $250 price target, signaling confidence in Arista’s earnings prospects. Arista Networks analyst coverage
Positive Sentiment: AI-focused commentary points to continued data-center investment and networking demand as potential support for Arista, with ANET included among stocks investors might consider buying amid the tech selloff. AI Boom Isn’t Over: 4 Stocks to Buy the Dip
Neutral Sentiment: Arista’s recent results were strong—quarterly revenue grew 58.5% year over year and EPS beat estimates—and its approximately $18.5 billion 2027 revenue outlook underscores growth ambitions. However, the company’s $11.4 billion in supplier commitments make execution important to delivering that outlook. Arista’s supplier commitments and 2027 outlook
Negative Sentiment: Reports cite a broad AI-hardware selloff that has pressured Arista shares despite its strong results, pointing to sector sentiment as a near-term headwind. Arista shares amid the AI-hardware selloff
Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares for about $43 million. The sale was under a pre-arranged 10b5-1 plan and reduced his stake by just 0.14%, which may temper—but does not eliminate—the negative signal investors could read into insider selling. Arista major shareholder sale

Arista Networks Trading Down 0.6%

ANET stock opened at $185.13 on Wednesday. The firm has a market cap of $233.90 billion, a PE ratio of 49.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.61. The stock has a 50-day moving average price of $192.19 and a 200-day moving average price of $166.23. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41.

Arista Networks (NYSE:ANET – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 58.5% compared to the same quarter last year. On average, analysts forecast that Arista Networks, Inc. will post 3.99 earnings per share for the current year.

Arista Networks Profile

(Free Report)

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.