Accurate Wealth Management 13F: Cuts ANET Stake by $1.7M
Key Points
- Accurate Wealth Management cut its holdings in Arista Networks, Inc. by 55.4%, reducing its stake by 8,270 shares to 6,655 shares worth about $1,361,699 in an October 20, 2026 filing.
- Arista Networks shares recently traded around $181.19, sitting about 16.7% below their 52-week high of $217.41 and well above their 200-day moving average of $162.90.
- Wall Street analysts maintain a consensus strong buy rating on the stock with a mean price target of $243.59 ahead of the company's next earnings report on November 3, 2026.
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Accurate Wealth Management reduced its holdings in Arista Networks, Inc. (NYSE:ANET) by 55.4% during the quarter, according to a Form 13F filed on October 20, 2026. The firm sold 8,270 shares of the computer hardware maker, leaving it with 6,655 shares valued at approximately $1,361,699.
ANET
Arista Networks, Inc.
What Changed in Accurate Wealth Management's Arista Networks Position
The firm previously held 14,925 shares of Arista Networks before trimming its stake by more than half. The remaining holding of 6,655 shares reflects a smaller footprint in the Santa Clara-based networking firm as shares moved through the autumn.
Other Institutional Activity in Arista Networks
Other large investors have also adjusted their exposure to the company. Cresset Asset Management, LLC reduced its holdings by 1,324,311 shares, ending the period with 19,368,054 shares worth about $3,509,297,751.
Arista Networks, Inc. Stock Up 2.4%
Arista Networks closed at $181.19 on the filing date of October 20, 2026, and recently changed hands around that same price of $181.19 as of October 21, 2026. The stock trades about 8.6% below its 50-day moving average of $198.31 and 11.2% above its 200-day moving average of $162.90. Shares sit 16.7% below their 52-week high of $217.41 and 58.2% above their 52-week low of $114.52.
Recent Earnings
The company recorded trailing-twelve-month revenue of $10.54 billion and earnings of $3.17 per share. Arista Networks posted a net profit margin of 38.4% and a return on equity of 31.5%, with a price-to-earnings ratio of 57.71. The next earnings update is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
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Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin down 1.8 points. Positive free cash flow.
Earnings Call Summary
The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.
Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Arista Networks, Inc.
Company insiders executed several transactions ahead of the filing. Director Mark B. Templeton disposed of 5,000 shares on October 1, 2026, for a total value of $1,021,829. Chief Executive Officer Jayshree Ullal sold 460,374 shares on October 6, 2026, worth $97,642,614, and later sold another 158,543 shares on October 9, 2026, valued at $34,417,690. Chief Financial Officer Chantelle Yvette Breithaupt sold 1,224 shares at $215.00 per share on October 6, 2026, totaling $263,160.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock leading up to the filing. On August 6, 2026, Barclays maintained an overweight rating and raised its price target from $195.00 to $289.00. Deutsche Bank initiated coverage with a buy rating and a $220.00 target on September 1, 2026. Bernstein initiated coverage with an outperform rating and a $250.00 target on September 30, 2026. Citigroup maintained a buy rating on October 8, 2026, lifting its target from $215.00 to $248.00. TD Cowen maintained a buy rating on October 19, 2026, adjusting its price target from $250.00 to $205.00. Analysts hold a consensus strong buy rating on the stock with a mean price target of $243.59 across 29 opinions.
About Arista Networks
Arista Networks, Inc. builds data-driven networking equipment and software for cloud data centers, artificial intelligence workloads, and routing environments. Its core Extensible Operating System works alongside networking applications to help enterprise and hyperscale clients manage high-bandwidth traffic. Institutional adjustments like those from Accurate Wealth Management arrive as the firm prepares for its next quarterly financial update.
Bottom Line
Investors will watch for the company's upcoming earnings release on November 3, 2026, to gauge demand for its cloud and artificial intelligence networking hardware. Future institutional filings will show whether other portfolio managers continue to trim or expand their positions.
Related Filing Alerts
Source: Accurate Wealth Management's 13F filing on $ANET (Oct 20, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts