Giverny Capital Inc. Trims Holdings in Arista Networks, Inc. $ANET

Giverny Capital Inc. decreased its position in shares of Arista Networks, Inc. (NYSE:ANET) by 19.7% in the second quarter, HoldingsChannel reports. The firm owned 339,892 shares of the technology company’s stock after selling 83,469 shares during the quarter. Arista Networks accounts for 2.0% of Giverny Capital Inc.’s portfolio, making the stock its 21st biggest position. Giverny Capital Inc.’s holdings in Arista Networks were worth $57,741,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cura Wealth Advisors LLC lifted its stake in Arista Networks by 3.1% during the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after acquiring an additional 52 shares during the period. Madison Wealth Partners Inc increased 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 acquiring an additional 60 shares during the period. Intrua Financial LLC raised its holdings in shares of Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after purchasing an additional 61 shares during the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of Arista Networks by 1.2% during the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after purchasing an additional 66 shares during the last quarter. Finally, NBT Bank N A NY raised its holdings in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $193.54 on Monday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The firm has a market capitalization of $244.10 billion, a price-to-earnings ratio of 61.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.62. The business’s 50 day moving average price is $182.94 and its 200-day moving average price is $160.29.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Arista Networks News Summary

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

• Positive Sentiment: Arista’s investment case remains supported by surging AI infrastructure demand, improving supply-chain execution and strong free cash flow. The company’s shares have gained 37.3% over the past six months, although the recent advance has raised questions about how much upside remains. ANET Rises 37.3% in Six Months: Is There More Room to Grow?
• Positive Sentiment: The company’s latest quarterly results provide a fundamental catalyst: adjusted earnings of $1.02 per share exceeded the $0.89 consensus estimate, while revenue of $3.04 billion topped the $2.83 billion forecast and increased 37.7% year over year. Arista guided to third-quarter EPS of $1.06-$1.08. Arista Networks Offers Entry After 42% Gain Amid Earnings Beat; Data Center Demand Surging
• Positive Sentiment: Deutsche Bank initiated coverage with a Buy rating and a $220 price target. This adds to a generally favorable analyst view, with a consensus Buy rating and an average target of $225.76; UBS, Jefferies and Morgan Stanley have also cited targets above the current trading range.
• Neutral Sentiment: Arista edged higher even as networking peer Ciena weakened after issuing in-line guidance, suggesting investors may be differentiating ANET based on its stronger AI and cloud-networking growth outlook. Ciena Corporation Tumbles 10% as In-Line Guidance Overshadows Earnings Beat, Arista Edges Higher
• Negative Sentiment: CFO Chantelle Breithaupt sold 612 shares worth approximately $119,811. The transaction reduced her holdings by 0.87%, but it was executed under a pre-arranged Rule 10b5-1 plan, limiting its significance as a bearish signal. Arista’s elevated valuation—about 60 times earnings and a PEG ratio of 2.21—also leaves the stock sensitive to slower growth or weaker guidance.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a report on Friday, May 15th. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $225.76.

Insiders Place Their Bets

In related news, Director Kelly Battles sold 422 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $187.34, for a total value of $79,057.48. Following the transaction, the director directly owned 10,194 shares of the company’s stock, valued at approximately $1,909,743.96. This trade represents a 3.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $191.79, for a total value of $2,648,428.11. Following the completion of the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,901,981.43. The trade was a 58.20% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 3,782,694 shares of company stock valued at $726,728,187. 2.70% of the stock is owned by company insiders.

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.