Arista Networks, Inc. $ANET Shares Sold by Bokf Na

Key Points

• Bokf Na cut its stake in Arista by 31.1% to 73,103 shares (worth $9.58M); company insiders sold a total of 1,502,729 shares last quarter (≈$246.7M), leaving insiders with 3.39% ownership.
• Arista beat Q1 estimates — revenue $2.71B (+35.1% YoY) and EPS $0.87 — and guided Q2 EPS to $0.88, but the stock fell about 13.6% after hours amid margin and guidance concerns.
• Analysts remain mostly bullish with a consensus Buy and average target of roughly $182.22, while large institutions have increased positions — Vanguard holds ~101.19M shares and institutional ownership is ~82.47%.

Bokf Na reduced its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,103 shares of the technology company's stock after selling 32,988 shares during the quarter. Bokf Na's holdings in Arista Networks were worth $9,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ANET. Massachusetts Financial Services Co. MA raised its stake in Arista Networks by 2,829.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company's stock worth $833,630,000 after acquiring an additional 5,525,828 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock worth $1,396,939,000 after acquiring an additional 4,332,659 shares in the last quarter. M&T Bank Corp raised its stake in Arista Networks by 3,182.7% during the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company's stock worth $525,741,000 after acquiring an additional 3,890,146 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in Arista Networks by 310.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,280,122 shares of the technology company's stock worth $298,868,000 after acquiring an additional 1,724,758 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company's stock worth $13,258,877,000 after acquiring an additional 1,188,799 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ANET shares. Truist Financial set a $175.00 price target on shares of Arista Networks in a research note on Wednesday. KeyCorp restated an "overweight" rating and issued a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Weiss Ratings lowered shares of Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, May 1st. Zacks Research upgraded shares of Arista Networks from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 13th. Finally, Susquehanna upgraded shares of Arista Networks to a "strong-buy" rating in a research note on Wednesday, April 1st. Three research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of "Buy" and a consensus target price of $182.22.

Insiders Place Their Bets

In other news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of Arista Networks stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total value of $1,378,127.80. Following the sale, the chief financial officer owned 60,734 shares of the company's stock, valued at $9,414,984.68. The trade was a 12.77% decrease in their ownership of the stock. The sale was disclosed in a legal 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, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $163.31, for a total transaction of $5,225,920.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at approximately $2,119,110.56. The trade was a 71.15% 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. Over the last quarter, insiders have sold 1,502,729 shares of company stock valued at $246,707,719. Corporate insiders own 3.39% of the company's stock.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Q1 beat — Arista reported Q1 revenue up ~35% YoY to $2.71B and EPS of $0.87 (vs. ~$0.81 consensus), underscoring robust AI/data‑center demand. Zacks: Arista Beats Q1
• Positive Sentiment: Q2 EPS guide modestly ahead — Management set Q2 EPS at $0.88, above street expectations, signaling continued profitability into the next quarter. Business Wire: Q1 Results & Guidance
• Positive Sentiment: Analyst upgrades/raises — Rosenblatt raised its price target to $210 and Needham reaffirmed a $185 target, reflecting continued bullish views on Arista’s AI networking exposure. Benzinga: Rosenblatt/Needham Notes
• Neutral Sentiment: Consensus view stays constructive — Street consensus PT sits near $178.67 and the majority of analysts retain Buy/Outperform ratings, leaving longer‑term sentiment positive though expectations are high. AmericanBankingNews: Consensus PT
• Negative Sentiment: After‑hours sell‑off and volatility — The stock fell sharply in after‑hours trading despite the beat, indicating profit‑taking and disappointment versus elevated expectations. Yahoo: Stock Down After Beats
• Negative Sentiment: Margin/guidance nuance — Several outlets noted gross margin landed slightly below estimates and that guidance didn’t clearly beat on revenue/margins, which likely triggered short‑term selling. Seeking Alpha: Margin Note
• Negative Sentiment: Insider sale highlighted — Director Charles Giancarlo sold 8,000 shares under a pre‑arranged 10b5‑1 plan; while routine, such disclosures can weigh on sentiment in a volatile session. SEC: Insider Filing
• Negative Sentiment: Analyst PT tweak downward — Citigroup trimmed its PT from $176 to $173 (still a Buy), a modest hit to the high‑expectations backdrop. Benzinga: Citigroup PT Cut

Arista Networks Stock Down 13.6%

Shares of NYSE:ANET opened at $147.09 on Thursday. The company has a market cap of $185.21 billion, a price-to-earnings ratio of 50.37, a PEG ratio of 2.99 and a beta of 1.67. The firm's 50-day simple moving average is $142.99 and its 200-day simple moving average is $137.88. Arista Networks, Inc. has a fifty-two week low of $82.80 and a fifty-two week high of $179.80.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results 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. The business 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 31.23%. The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.17 EPS for the current 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.

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