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

Key Points

• The Manufacturers Life Insurance Company reduced its Arista Networks stake by 14.2% in the second quarter, selling 183,512 shares and retaining 1.11 million shares valued at approximately $188.8 million. Institutional investors and hedge funds collectively own 82.47% of the company.
• Arista reported stronger-than-expected quarterly results, with EPS of $1.02 and revenue of $3.04 billion, up 37.7% year over year. The company guided for third-quarter 2026 EPS of $1.06–$1.08.
• Analysts remain bullish, with a consensus “Buy” rating and average price target of $226.05. However, insiders sold 3.94 million shares worth $738.3 million over the past three months, including substantial sales by CEO Jayshree Ullal and major shareholder Andreas Bechtolsheim.

The Manufacturers Life Insurance Company lowered its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) 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 - Get Free Report) 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.

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