Arista Networks, Inc. $ANET is Bank OZK’s 8th Largest Position

Bank OZK increased its stake in Arista Networks, Inc. (NYSE:ANET) by 7.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,782 shares of the technology company’s stock after purchasing an additional 2,897 shares during the period. Arista Networks accounts for about 2.1% of Bank OZK’s portfolio, making the stock its 8th largest position. Bank OZK’s holdings in Arista Networks were worth $6,928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ANET. ABS Investment Management LLC purchased a new position in shares of Arista Networks in the second quarter worth $29,000. Kelleher Financial Advisors purchased a new stake in shares of Arista Networks during the second quarter valued at $31,000. Cornerstone Financial Management LLC grew its holdings in shares of Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Sankala Group LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $27,000. Finally, Prosperity Bancshares Inc purchased a new position in Arista Networks in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 0.5%

Shares of Arista Networks stock traded up $1.03 during trading hours on Tuesday, reaching $194.81. The stock had a trading volume of 4,741,372 shares, compared to its average volume of 8,312,051. The stock’s 50 day moving average is $183.52 and its 200 day moving average is $160.65. The firm has a market capitalization of $245.71 billion, a PE ratio of 61.46, a PEG ratio of 2.30 and a beta of 1.62. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the firm earned $0.73 EPS. The company’s quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ANET has been the subject of a number of research reports. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Rosenblatt Securities raised their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 target price on the stock in a research note on Friday, May 15th. Weiss Ratings lowered Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Finally, Bank of America reissued a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. 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’s stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $225.76.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the transaction, the insider directly owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% 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. Insiders have sold 3,782,694 shares of company stock worth $726,728,187 in the last quarter. 2.70% of the stock is currently owned by company insiders.

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.