Sierra Summit Advisors LLC Has $10.43 Million Holdings in Arista Networks, Inc. $ANET

Sierra Summit Advisors LLC grew its holdings in Arista Networks, Inc. (NYSE:ANET) by 8.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 84,971 shares of the technology company’s stock after purchasing an additional 6,758 shares during the quarter. Arista Networks makes up approximately 1.5% of Sierra Summit Advisors LLC’s holdings, making the stock its 25th biggest holding. Sierra Summit Advisors LLC’s holdings in Arista Networks were worth $10,433,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Knuff & Co LLC acquired a new position in Arista Networks in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new stake in Arista Networks during the 4th quarter worth $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the 4th quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the 4th quarter valued at $28,000. Finally, Quarry LP acquired a new position in shares of Arista Networks in the 3rd quarter valued at $33,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Activity at Arista Networks

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. The trade was a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the company’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total transaction 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 approximately $924,321,690.08. The trade was a 7.59% 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 sold 2,639,080 shares of company stock valued at $430,322,162 in the last quarter. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Bank of America raised their price target on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Citigroup cut their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Rosenblatt Securities boosted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Barclays reaffirmed an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus target price of $187.63.

Arista Networks Stock Performance

Shares of ANET opened at $160.38 on Friday. The stock has a 50 day simple moving average of $159.42 and a 200 day simple moving average of $143.80. Arista Networks, Inc. has a 52-week low of $100.33 and a 52-week high of $179.80. The firm has a market capitalization of $201.95 billion, a PE ratio of 54.93, a P/E/G ratio of 2.57 and a beta of 1.60.

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

About Arista Networks

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.