Asset Management One 13F: Cuts ANET Stake by $9.2M
Key Points
- Asset Management One's reported value for its Arista Networks holdings is approximately $10.4 million less after the recent trim, reflecting an 8.1% decrease in shares.
- Asset Management One held 512,586 $ANET shares at quarter end, down 8.12% from the prior quarter.
- As of October 27, 2026, Arista Networks trades at about $187.05, which is below its 50-day moving average but above its 200-day average.
- The company has a strong revenue growth rate of 37.7% year-over-year, with a net margin of 38.4% and a P/E ratio of 55.9.
Get Arista Networks text alerts
We text you when insiders, Congress, analysts or big funds move on $ANET.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Arista Networks, Inc. alert may contain errors. Disclosures
On October 27, 2026, Asset Management One trimmed its position in Arista Networks, Inc. (ANET) by 45,310 shares, reducing its total holdings to 512,586 shares worth about $104.4 million. This change represents an 8.1% decrease in its stake, as disclosed in a filing with the SEC.
ANET
Arista Networks, Inc.
What Changed in Asset Management One's Arista Networks Position
Asset Management One's reported value for its Arista Networks stake is now approximately $10.4 million lower following this trim. The fund continues to hold a significant portion of its overall portfolio in Arista, accounting for 0.75% of its total reported value of about $13.98 billion.
Other Institutional Activity in Arista Networks
Cresset Asset Management, LLC reduced its holdings in Arista Networks by 1,324,311 shares, bringing its total to 19,368,054 shares valued at approximately $3.62 billion.
Arista Networks, Inc. Stock Up 8.5%
As of October 27, 2026, Arista Networks trades at around $187.05. This is about equal to its closing price on the filing date of $186.85. The stock is currently below its 50-day moving average but above its 200-day average, indicating mixed trading momentum.
Recent Earnings
In the last trailing twelve months, Arista Networks reported revenue of approximately $10.54 billion and earnings per share of $3.17. The next earnings report is scheduled for November 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
5 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
-
Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
5 target raises, 1 target cut.
-
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.
Recently, several insiders sold shares of Arista Networks. CEO Jayshree Ullal sold 460,374 shares on October 6, 2026, and another 158,543 shares on October 9, 2026. CFO Chantelle Yvette Breithaupt sold 1,224 shares at $215.00 per share on October 6, 2026. Additionally, President Kenneth Duda sold 43,333 shares on October 20, 2026.
Analysts Set New Price Targets
On October 8, 2026, Citigroup maintained its "Buy" rating on Arista Networks with a price target of $248.00, up from a prior target of $215.00. Barclays also maintained an "Overweight" rating with a target of $289.00 as of August 6, 2026. The current consensus rating on the stock is a strong buy, with a mean target price of $243.59 from 29 analysts.
About Arista Networks
Arista Networks, Inc. develops and sells networking solutions for various environments, including data centers and cloud services. The company is headquartered in Santa Clara, California, and has been growing rapidly, evidenced by its impressive revenue growth.
Bottom Line
Investors should watch for the upcoming earnings report on November 3, 2026, as it could provide further insights into the company's performance. Additionally, keep an eye on any future filings from Asset Management One for potential changes in their investment strategy.
Related Filing Alerts
Source: Asset Management One's 13F filing on $ANET (Oct 27, 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