Arista Networks, Inc. $ANET Stock Bought by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors increased its Arista Networks stake by 75.1% in the third quarter, purchasing 9,529 additional shares. Its holdings totaled 22,216 shares valued at approximately $4.52 million, while institutional investors collectively owned 82.47% of the company.
• Arista reported quarterly earnings of $1.02 per share, beating consensus estimates of $0.89, while revenue rose 37.7% year over year to $3.04 billion. The company issued third-quarter 2026 EPS guidance of $1.06 to $1.08.
• Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $235.45, but insiders sold substantial shares: executives and other insiders sold 3.63 million shares worth about $740.8 million over the last 90 days.

Frank Rimerman Advisors LLC boosted its stake in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 75.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,216 shares of the technology company's stock after purchasing an additional 9,529 shares during the period. Frank Rimerman Advisors LLC's holdings in Arista Networks were worth $4,523,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cura Wealth Advisors LLC increased its position in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock worth $297,000 after buying an additional 52 shares in the last quarter. Affinity Capital Advisors LLC raised its stake in shares of Arista Networks by 1.4% in the third quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company's stock worth $817,000 after buying an additional 53 shares during the period. Madison Wealth Partners Inc raised its stake in shares of Arista Networks by 2.8% in the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock worth $370,000 after buying an additional 60 shares during the period. Intrua Financial LLC lifted its position in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after buying an additional 61 shares in the last quarter. Finally, Shepherd Financial Partners LLC lifted its position in shares of Arista Networks by 1.2% during the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company's stock valued at $918,000 after buying an additional 66 shares in the last quarter. Institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $176.84 on Friday. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $217.41. The firm has a market capitalization of $223.03 billion, a PE ratio of 55.78, a PEG ratio of 2.06 and a beta of 1.60. The stock has a fifty day simple moving average of $198.46 and a two-hundred day simple moving average of $174.34.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The business had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $0.73 earnings per share. The business's quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 767,029 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the sale, the chief executive officer owned 16,387,981 shares of the company's stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The sale 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, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade represents a 0.17% 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. In the last ninety days, insiders sold 3,627,449 shares of company stock valued at $740,784,723. Corporate insiders own 2.70% of the company's stock.

More Arista Networks News

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

• Positive Sentiment: BNP Paribas Exane upgraded Arista Networks to “strong buy,” providing a favorable analyst signal for the stock. Ticker Report article
• Positive Sentiment: A hammer chart pattern suggests ANET may have found technical support after its recent pullback. The article also cites broad upward revisions to Wall Street earnings estimates, which could support a near-term rebound. Zacks bottom-fisher article
• Positive Sentiment: Arista remains exposed to the expanding AI-infrastructure market. Comparisons with Akamai focus on Arista’s stronger growth prospects and profitability, factors that could help justify a premium valuation if AI-related demand remains strong. AKAM versus ANET article
• Neutral Sentiment: After roughly a sevenfold five-year rally, investors are reassessing whether Arista’s cash generation can support its current valuation. The debate reflects elevated expectations rather than a reported deterioration in operations. Yahoo Finance valuation article
• Negative Sentiment: Reports that Arista shares fell following insider selling are weighing on sentiment, as investors may interpret sales as a cautionary signal even though insider transactions do not necessarily indicate weaker fundamentals. American Banking News insider-selling article

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ANET. Evercore reiterated an "outperform" rating on shares of Arista Networks in a research note on Wednesday, October 7th. KeyCorp reissued an "overweight" rating and issued a $250.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial lifted their price target on shares of Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Finally, Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $235.45.

Arista Networks Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company's products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista's portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

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