Frank Rimerman Advisors LLC Grows Holdings in Arista Networks, Inc. $ANET

Frank Rimerman Advisors LLC increased its holdings in shares of Arista Networks, Inc. (NYSE:ANET) by 45.7% during the 1st quarter, according to 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 acquiring an additional 3,908 shares during the period. Frank Rimerman Advisors LLC’s holdings in Arista Networks were worth $1,529,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Arista Networks in the fourth quarter worth $1,549,000. Bensler LLC bought a new position in shares of Arista Networks during the fourth quarter valued at $6,350,000. QRG Capital Management Inc. raised its position in shares of Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after purchasing an additional 10,217 shares during the last quarter. Reaves W H & Co. Inc. purchased a new position in shares of Arista Networks in the 4th quarter worth about $3,058,000. Finally, Jefferies Financial Group Inc. raised its position in shares of Arista Networks by 59.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 6,591 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

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 Stock Up 1.7%

NYSE ANET opened at $184.15 on Friday. The company has a 50-day moving average price of $159.41 and a 200-day moving average price of $145.45. Arista Networks, Inc. has a 52 week low of $102.68 and a 52 week high of $189.82. The firm has a market capitalization of $231.88 billion, a P/E ratio of 63.06, a PEG ratio of 2.79 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data 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 company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity at Arista Networks

In other news, 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 value of $75,944,320.00. Following the completion of the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 on Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the transaction, the insider directly owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,147,080 shares of company stock worth $513,396,642 over the last quarter. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ANET shares. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. UBS Group reaffirmed a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Two equities 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $187.63.

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.