Oppenheimer Asset Management Inc. Sells 12,587 Shares of Arista Networks, Inc. $ANET

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 6.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 182,101 shares of the technology company’s stock after selling 12,587 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Arista Networks were worth $30,935,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Intrua Financial LLC raised 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 acquiring an additional 61 shares in the last quarter. NBT Bank N A NY boosted its position in Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after purchasing an additional 67 shares during the last quarter. Hoxton Planning & Management LLC grew its stake in Arista Networks by 4.1% in the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after purchasing an additional 68 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after purchasing an additional 70 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its position in shares of Arista Networks by 8.7% during the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reaffirmed 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, Citigroup reiterated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $226.05.

Arista Networks Stock Down 2.3%

NYSE:ANET opened at $198.91 on Friday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89. The firm has a market capitalization of $250.87 billion, a price-to-earnings ratio of 62.75, a P/E/G ratio of 2.11 and a beta of 1.60. The stock’s 50 day moving average price is $174.08 and its two-hundred day moving average price is $154.72.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping 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 company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the previous year, the company posted $0.73 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other Arista Networks news, insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the sale, the insider owned 462,400 shares of the company’s stock, valued at $78,843,824. This trade represents a 5.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $181.02, for a total transaction of $1,448,160.00. Following the completion of the transaction, the director owned 184,333 shares in the company, valued at approximately $33,367,959.66. This represents a 4.16% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 4,393,168 shares of company stock worth $806,762,269. Company insiders own 2.70% of the company’s stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista remains a key beneficiary of expanding artificial-intelligence infrastructure spending. A comparison with Celestica highlights both companies’ growing roles in AI networking, computing and data-center buildouts. Arista’s latest quarter also showed strong momentum, with revenue rising 37.7% year over year and earnings exceeding analyst expectations. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Positive Sentiment: CNBC commentator Jim Cramer continues to favor Arista and has described the company and CEO Jayshree Ullal as difficult competitors to bet against. The endorsement reinforces Arista’s reputation as a leading AI-networking investment, although it is sentiment-driven rather than a new fundamental catalyst. Jim Cramer Said Arista Networks, Inc. and Snowflake Inc. Were Worth It
• Neutral Sentiment: An options strategy discussed for ANET would generate income while capping upside at a price above the current level. The strategy reflects elevated investor interest and volatility but does not change Arista’s business outlook. Get Paid 18% a Year To Cap Your ANET Stock At 21% Higher
• Negative Sentiment: CEO Jayshree Ullal sold 573,509 shares worth approximately $119.4 million, reducing her direct ownership by 95.82% to 25,000 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the size of the sale can still weigh on sentiment. SEC insider-trading filing
• Negative Sentiment: A valuation analysis argues that Arista’s shares are priced for peak profitability. With the stock trading at a historically elevated multiple and margins near the upper end of their range, investors may be concerned that future upside requires continued exceptional growth and profitability. Arista Networks Stock Is Priced For Its Peak Margin

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.