Arista Networks, Inc. $ANET Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its position in shares of Arista Networks, Inc. (NYSE:ANET) by 33.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,672 shares of the technology company’s stock after purchasing an additional 7,496 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Arista Networks were worth $5,041,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in shares of Arista Networks in the fourth quarter worth about $1,558,563,000. M&T Bank Corp boosted its position in Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. boosted its position in Arista Networks by 59.3% in the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after buying an additional 2,934,098 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Arista Networks by 34.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Arista Networks by 86.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after buying an additional 1,960,829 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore restated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Bank of America reaffirmed a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and set a $225.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research 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 stock. According to MarketBeat.com, Arista Networks has a consensus rating of “Buy” and an average target price of $226.05.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the firm’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 sale, the director owned 184,333 shares in the company, valued at approximately $33,367,959.66. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction on Monday, July 20th. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the completion of the transaction, the insider directly owned 462,400 shares of the company’s stock, valued at $78,843,824. The trade was a 5.32% decrease in their position. 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 three months, insiders sold 4,393,168 shares of company stock valued at $806,762,269. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Trading Down 2.3%

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

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

Key Stories 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.