Sierra Summit Advisors LLC Acquires 6,758 Shares of Arista Networks, Inc. $ANET

Sierra Summit Advisors LLC raised its stake in shares of Arista Networks, Inc. (NYSE:ANET) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,971 shares of the technology company’s stock after purchasing an additional 6,758 shares during the quarter. Arista Networks accounts for 1.5% of Sierra Summit Advisors LLC’s portfolio, making the stock its 25th largest holding. Sierra Summit Advisors LLC’s holdings in Arista Networks were worth $10,433,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ANET. Brighton Jones LLC lifted its position in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in Arista Networks in the fourth quarter valued at $202,000. Bison Wealth LLC bought a new stake in Arista Networks in the fourth quarter valued at $251,000. Sivia Capital Partners LLC raised its stake in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after acquiring an additional 1,000 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ANET. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $187.63.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 428,000 shares of Arista Networks 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 of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’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 sale, the insider 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,639,080 shares of company stock valued at $430,322,162 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Arista Networks Stock Down 3.7%

Shares of NYSE ANET opened at $160.38 on Friday. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80. The firm’s 50-day simple moving average is $159.42 and its 200 day simple moving average is $143.80. The company has a market cap of $201.95 billion, a price-to-earnings ratio of 54.93, a price-to-earnings-growth ratio of 2.57 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 for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company posted $0.65 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

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.