Arista Networks, Inc. $ANET Shares Sold by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust trimmed its stake in Arista by 8.8%, selling 53,271 shares and leaving it with 552,306 shares valued at about $80.48M; insiders have sold a total of 196,237 shares (~$25.87M) in the last 90 days, leaving insiders with 3.39% ownership.
• Management guided to roughly $11B revenue in 2026 (vs ~ $9B in 2025) and launched a 12.8 Tbps liquid‑cooled optics module aimed at hyperscale AI, while analysts remain largely bullish — the consensus is a "Moderate Buy" with an average price target of $176.47 (18 Buys, 5 Holds).

Chevy Chase Trust Holdings LLC reduced its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 552,306 shares of the technology company's stock after selling 53,271 shares during the quarter. Chevy Chase Trust Holdings LLC's holdings in Arista Networks were worth $80,477,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ANET. Global Trust Asset Management LLC increased its stake in Arista Networks by 33.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 19,273 shares of the technology company's stock valued at $2,808,000 after buying an additional 4,780 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Arista Networks in the 3rd quarter worth $8,263,000. National Wealth Management Group LLC purchased a new stake in shares of Arista Networks in the third quarter valued at about $1,296,000. Vanguard Group Inc. boosted its holdings in shares of Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock valued at $10,127,984,000 after acquiring an additional 1,136,167 shares in the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of Arista Networks during the second quarter worth about $247,451,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Analyst Upgrades and Downgrades

ANET has been the subject of several analyst reports. UBS Group set a $200.00 price target on shares of Arista Networks in a report on Tuesday, February 24th. The Goldman Sachs Group reiterated a "buy" rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Barclays reissued an "overweight" rating and set a $184.00 target price (up from $183.00) on shares of Arista Networks in a research note on Friday, February 13th. Evercore reissued an "outperform" rating and issued a $200.00 price target on shares of Arista Networks in a report on Friday, February 13th. Finally, Piper Sandler restated an "overweight" rating and issued a $175.00 price target (up from $159.00) on shares of Arista Networks in a research note on Friday, February 13th. Eighteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and an average price target of $176.47.

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 26,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $142.35, for a total value of $3,701,100.00. Following the completion of the transaction, the insider directly owned 512,400 shares of the company's stock, valued at $72,940,140. This trade represents a 4.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yvonne Wassenaar sold 1,815 shares of Arista Networks stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $132.44, for a total value of $240,378.60. Following the transaction, the director directly owned 12,574 shares of the company's stock, valued at approximately $1,665,300.56. This represents a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 196,237 shares of company stock worth $25,865,760. 3.39% of the stock is currently owned by insiders.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista launched the XPO multi-source agreement and a 12.8 Tbps liquid‑cooled pluggable optics module that boosts rack density ~4x — this product is explicitly targeted at hyperscale AI data centers and could expand Arista’s addressable market and hardware ASPs. Arista Announces XPO High Density Liquid Cooled Pluggable Optics
• Positive Sentiment: CEO guidance and management commentary point to faster top‑line growth — management expects ~ $11B revenue in 2026 (vs ~$9B in 2025), reinforcing the AI-driven demand narrative. Arista (ANET) to Hit $11B in 2026 Revenues, $2B More Than 2025, Says CEO
• Positive Sentiment: Broker activity has turned constructive — TD Cowen initiated coverage with a Buy and $170 PT, and some outlets upgraded the stock citing accelerating AI networking demand and durable hyperscaler commitments. Those actions support upside vs. current levels. TD Cowen initiates Arista, Coherent and Ciena at buy
• Positive Sentiment: Independent upgrades highlight the stock’s breakout potential as valuation has contracted and FY2026 revenue is guided above ~25%, reinforcing the bullish case for longer-term multiple expansion if execution continues. Arista Networks: All Ready To Storm To New Highs (Upgrade)
• Neutral Sentiment: Technically, ANET is trading near its 50‑day moving average inside a base and is listed as an IBD Sector Leader — constructive technicals but not yet a confirmed breakout. Arista Holds Near Key Level As Outlook Brightens
• Negative Sentiment: Shares have pulled back and shown intraday weakness in recent sessions — short‑term volatility and profit‑taking are pressuring the stock despite positive headlines. Arista Networks (ANET) Declines More Than Market: Some Information for Investors
• Negative Sentiment: Analysts note supply constraints and some gross‑margin pressure that could limit near‑term revenue upside despite strong bookings — a risk to quarterly cadence even as the multi‑year AI opportunity remains intact. Arista Networks: Why A Breakout Seems Likely (Rating Upgrade)

Arista Networks Trading Down 0.3%

ANET stock opened at $133.67 on Friday. The company's 50-day moving average price is $134.86 and its 200 day moving average price is $137.32. 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 $167.96 billion, a P/E ratio of 48.43, a P/E/G ratio of 2.37 and a beta of 1.46.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The company had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same period last year, the company posted $0.66 earnings per share. The firm's quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

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.

Want to see what other hedge funds are holding ANET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arista Networks, Inc. (NYSE:ANET - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.