Bank of America 13F: Adds $13M to Arista Networks (ANET) Stake
Bank of America added to its Arista Networks stake during the reporting period, lifting its total shares held.
Reviewed by automated data checks against the source filing. How we make and check alerts
Bank of America added 75,794 shares to its stake in Arista Networks, Inc. ($ANET), a 1.28% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 6,006,877 shares worth $1.01 billion at the end of the quarter.
Since the filing, $ANET is up 11.5% after 1 week, up 16.4% after 1 month and up 24.9% to date (from the $141.71 close on May 18, 2026).
ANET
Arista Networks, Inc.
Key Points
- Bank of America increased its position in Arista Networks, Inc. (NYSE:ANET) by 75,794 shares to hold a total of 6,006,877 shares valued at about $1.01 billion.
- Arista Networks trades near its moving averages with a forward P/E ratio of 35.54 and an upcoming earnings report scheduled for November 3, 2026.
- President and CTO Kenneth Duda purchased 17,333 shares on June 22, 2026, while major Wall Street firms maintain a strong buy consensus.
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Bank of America Lifts Arista Stake
Bank of America boosted its position in Arista Networks, Inc. (NYSE:ANET) during the period, raising its total commitment according to a Form 13F filing with the SEC. Because these filings look backward at earlier holdings, this update reflects the portfolio at that point in time and may not capture trades made since then.
Position Details and Share Change
The financial institution lifted its holdings by 75,794 shares, marking a 1.3% increase from its previous count of 5,931,083 shares. Bank of America closed out the period with 6,006,877 shares in total, carrying an estimated reported value of about $1.01 billion.
Arista Stock Performance
Arista Networks shares change hands on the New York Stock Exchange, where the stock trades relative to its 50-day and 200-day moving averages. The company carries a price-to-earnings ratio of 58.54 and a forward P/E ratio of 35.54, supported by strong profitability metrics across its networking hardware operations.
Recent Earnings Results
Arista Networks posted annual revenue of $10.54 billion alongside a revenue growth rate of 37.7%. The networking specialist generated a net profit margin of 38.4% and a return on equity of 31.5%, with earnings per share sitting at $3.17. Shareholders will look ahead to the next earnings update 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.
President and CTO Kenneth Duda completed an open-market purchase on June 22, 2026, acquiring 17,333 shares at a price of $15.28 per share for a total value of $264,848.24. <div>
Wall Street Analyst Coverage
On October 8, 2026, Citigroup maintained its buy rating on the stock and raised its price target from $215.00 to $248.00. Earlier on September 30, 2026, Bernstein initiated coverage with an outperform rating and a $250.00 price target. Deutsche Bank also started coverage on September 1, 2026, setting a buy rating and a $220.00 target. Barclays maintained its overweight rating on August 6, 2026, moving its target to $289.00. UBS kept a buy rating while moving its target to $259.00 on August 5, 2026. TD Cowen maintained a buy rating on August 5, 2026, raising its target to $250.00. Morgan Stanley maintained an overweight rating on August 5, 2026, adjusting its target to $220.00. Truist Securities maintained a buy rating on August 5, 2026, lifting its target to $234.00. Overall, the stock carries a strong buy recommendation key from 29 analysts with a mean price target of $245.14.
About Arista Networks
Arista Networks, Inc. builds data-driven networking solutions for data centers, cloud providers, and AI environments. The company offers its Extensible Operating System alongside routing hardware and post-contract customer support services to clients ranging from financial institutions to major internet enterprises.
What to Watch at Arista Networks, Inc.
Investors tracking Bank of America will see further portfolio updates in subsequent quarterly disclosures. Meanwhile, market participants continue to monitor Arista's upcoming earnings release in November and ongoing analyst target adjustments.
Related Filing Alerts
Source: Bank of America's 13F filing on $ANET (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Bank of America 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts