Frank Rimerman Advisors LLC Purchases 3,908 Shares of Arista Networks, Inc. $ANET

Frank Rimerman Advisors LLC boosted its position in Arista Networks, Inc. (NYSE:ANET) by 45.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,453 shares of the technology company’s stock after buying an additional 3,908 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Arista Networks were worth $1,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Board of the Pension Protection Fund bought a new position in shares of Arista Networks during the 4th quarter valued at $26,000. Sankala Group LLC purchased a new position in Arista Networks in the 4th quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks in the 4th quarter worth $28,000. Knuff & Co LLC bought a new stake in Arista Networks in the third quarter worth $29,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Arista Networks in the fourth quarter worth $30,000. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Stock Up 1.7%

Shares of ANET stock opened at $184.15 on Friday. The firm has a market capitalization of $231.88 billion, a price-to-earnings ratio of 63.06, a PEG ratio of 2.79 and a beta of 1.60. The stock has a fifty day moving average of $159.41 and a 200 day moving average of $145.45. Arista Networks, Inc. has a 52 week low of $102.68 and a 52 week high of $189.82.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insider Activity

In related news, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the sale, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,147,080 shares of company stock worth $513,396,642 in the last quarter. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ANET shares. Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Barclays reissued an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. UBS Group restated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Truist Financial set a $175.00 price target on Arista Networks in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $187.63.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Several recent reports highlight Arista as a beneficiary of the AI buildout, with demand for high-speed networking gear tied to expanding data center capacity.
• Positive Sentiment: Wall Street sentiment remains constructive, with analysts mostly rating ANET a Buy and some raising price targets, suggesting expectations for continued growth.
• Positive Sentiment: Investor interest remains strong, including unusual call option activity and reports of the stock reaching new highs on AI momentum.
• Neutral Sentiment: Arista is scheduled to report Q2 2026 results on August 4, which keeps attention on upcoming earnings but is not an immediate catalyst.
• Negative Sentiment: Recent insider selling by major shareholder Andreas Bechtolsheim, along with another sale by Director Charles Giancarlo, could weigh on sentiment even though the transactions were pre-planned under 10b5-1 arrangements.

Arista Networks 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.