Fox Run Management L.L.C. Decreases Stock Holdings in Arista Networks, Inc. $ANET

Key Points

• Fox Run Management cut its Arista Networks stake by 63% in the second quarter, selling 7,494 shares and retaining 4,410 shares valued at approximately $749,000. Institutional investors collectively own 82.47% of ANET.
• Arista reported strong quarterly results, with revenue up 37.7% year over year to $3.04 billion and EPS of $1.02, exceeding the $0.89 consensus estimate. The company issued third-quarter 2026 EPS guidance of $1.06–$1.08.
• Analyst sentiment remains broadly positive, with a consensus rating of “Buy” and an average price target of $226.05, although insider selling and elevated valuation concerns—including a P/E ratio of 62.75—could weigh on sentiment.

Fox Run Management L.L.C. trimmed its position in shares of Arista Networks, Inc. (NYSE:ANET - Free Report) by 63.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,410 shares of the technology company's stock after selling 7,494 shares during the period. Fox Run Management L.L.C.'s holdings in Arista Networks were worth $749,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Lighthouse Financial Services Inc. ADV bought a new stake in Arista Networks during the 4th quarter valued at approximately $1,549,000. Bensler LLC purchased a new position in shares of Arista Networks during the 4th quarter worth approximately $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 acquiring an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. bought a new position in shares of Arista Networks in the 4th quarter worth approximately $3,058,000. Finally, Jefferies Financial Group Inc. lifted its stake 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 valued at $2,309,000 after purchasing an additional 6,591 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Stock Performance

ANET stock opened at $198.91 on Friday. The firm has a 50 day moving average price of $174.08 and a 200-day moving average price of $154.72. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The firm has a market capitalization of $250.87 billion, a price-to-earnings ratio of 62.75, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The firm's quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ANET shares. Rosenblatt Securities lifted their price target on Arista Networks from $210.00 to $280.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings downgraded Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Zacks Research raised Arista Networks from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Needham & Company LLC restated a "buy" rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Bank of America reaffirmed a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $226.05.

Insider Buying and Selling

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 111,848 shares of the business's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $192.75, for a total value of $21,558,702.00. Following the sale, the insider directly owned 109,833 shares of the company's stock, valued at approximately $21,170,310.75. The trade was a 50.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $181.02, for a total value of $1,448,160.00. Following the completion of the sale, the director directly owned 184,333 shares in the company, valued at approximately $33,367,959.66. This represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 4,393,168 shares of company stock valued at $806,762,269. 2.70% of the stock is owned by insiders.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista remains a key beneficiary of expanding artificial-intelligence infrastructure spending. A comparison with Celestica highlights both companies’ growing roles in AI networking, computing and data-center buildouts. Arista’s latest quarter also showed strong momentum, with revenue rising 37.7% year over year and earnings exceeding analyst expectations. CLS vs. ANET: Which AI Stock Offers the Better Growth Opportunity?
• Positive Sentiment: CNBC commentator Jim Cramer continues to favor Arista and has described the company and CEO Jayshree Ullal as difficult competitors to bet against. The endorsement reinforces Arista’s reputation as a leading AI-networking investment, although it is sentiment-driven rather than a new fundamental catalyst. Jim Cramer Said Arista Networks, Inc. and Snowflake Inc. Were Worth It
• Neutral Sentiment: An options strategy discussed for ANET would generate income while capping upside at a price above the current level. The strategy reflects elevated investor interest and volatility but does not change Arista’s business outlook. Get Paid 18% a Year To Cap Your ANET Stock At 21% Higher
• Negative Sentiment: CEO Jayshree Ullal sold 573,509 shares worth approximately $119.4 million, reducing her direct ownership by 95.82% to 25,000 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance as a discretionary bearish signal, but the size of the sale can still weigh on sentiment. SEC insider-trading filing
• Negative Sentiment: A valuation analysis argues that Arista’s shares are priced for peak profitability. With the stock trading at a historically elevated multiple and margins near the upper end of their range, investors may be concerned that future upside requires continued exceptional growth and profitability. Arista Networks Stock Is Priced For Its Peak Margin

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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