Soltis Investment Advisors LLC Lowers Stock Position in Arista Networks, Inc. $ANET

Soltis Investment Advisors LLC lessened its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 11.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,349 shares of the technology company’s stock after selling 4,379 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Arista Networks were worth $4,632,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Knuff & Co LLC purchased a new position in shares of Arista Networks in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new position in shares of Arista Networks in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. boosted its stake in shares of Arista Networks by 141.3% in the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after purchasing an additional 130 shares during the period. Quarry LP purchased a new position in shares of Arista Networks in the third quarter valued at approximately $33,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Arista Networks in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Down 3.9%

ANET stock opened at $141.98 on Friday. Arista Networks, Inc. has a twelve month low of $83.86 and a twelve month high of $179.80. The company’s 50 day moving average is $144.57 and its two-hundred day moving average is $137.64. The stock has a market cap of $178.78 billion, a P/E ratio of 48.62, a PEG ratio of 2.19 and a beta of 1.67.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Activity at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $175.40, for a total transaction of $1,403,200.00. Following the sale, the director directly owned 208,333 shares in the company, valued at approximately $36,541,608.20. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,502,729 shares of company stock valued at $246,707,719 in the last quarter. Company insiders own 3.39% of the company’s stock.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Reuters-based 13-F filings show institutional investors added to or started positions in major AI infrastructure names, including Arista Networks, signaling continued professional buying interest in the company’s long-term AI networking story. Institutional investors boosted holdings of AI infrastructure plays during first quarter
• Positive Sentiment: Raymond James upgraded Arista to Outperform, citing share gains in AI-backend and campus networking, plus demand from major customers such as Meta Platforms and Microsoft. Arista upgraded to outperform as it gains share in AI-backend and campus: Raymond James
• Positive Sentiment: Truist said Arista’s post-earnings pullback may be an attractive buying opportunity, keeping the name on bullish watch lists as investors weigh strong underlying demand against near-term volatility. Truist Views Arista Networks (ANET)’s Post-Q1 Sell-Off As An Attractive Buying Opportunity
• Neutral Sentiment: Several recent articles compare Arista with other AI-related stocks and question whether the rally has already priced in much of the upside, which may be adding to investor caution after a strong multi-year run. Is It Too Late To Consider Arista Networks (ANET) After Strong Multi Year Share Gains?
• Neutral Sentiment: Other coverage notes Arista’s AI demand remains strong, but supply-chain constraints and margin pressure could limit near-term upside even as revenue guidance stays solid. AI-Fueled Demand Amid Supply Strains Might Change The Case For Investing In Arista Networks (ANET)
• Negative Sentiment: One analyst-style comparison argued Jabil looks stronger than Arista on valuation and AI data-center exposure, reflecting some relative-value skepticism toward ANET. Arista vs. Jabil: Which AI-Driven Tech Stock Looks Stronger Now?

Wall Street Analyst Weigh In

ANET has been the subject of several recent research reports. Barclays reissued an “overweight” rating and issued a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Needham & Company LLC reissued a “buy” rating and issued a $185.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, TD Cowen reissued a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $181.84.

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.