First National Bank of Omaha Reduces Holdings in Arista Networks, Inc. $ANET

First National Bank of Omaha decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,953 shares of the technology company’s stock after selling 4,613 shares during the quarter. First National Bank of Omaha’s holdings in Arista Networks were worth $4,069,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Arista Networks in the fourth quarter valued at $202,000. Bison Wealth LLC bought a new stake in shares of Arista Networks during the 4th quarter valued at $251,000. Sivia Capital Partners LLC raised its stake in shares of Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Arista Networks by 31.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial lifted their target price on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Rosenblatt Securities upped their price target on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two investment 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 company currently has a consensus rating of “Buy” and an average price target of $226.05.

Arista Networks Stock Down 4.6%

Shares of ANET stock opened at $192.61 on Wednesday. The business has a 50-day moving average price of $175.81 and a two-hundred day moving average price of $155.48. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89. The firm has a market cap of $242.93 billion, a P/E ratio of 60.76, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. The trade was a 4.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares of the company’s stock, 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. Insiders have sold 4,334,197 shares of company stock worth $798,500,786 over the last three months. Insiders own 2.70% of the company’s stock.

Arista Networks 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.