4,079 Shares in Arista Networks, Inc. $ANET Acquired by Orrstown Financial Services Inc.

Posted by Stanley Muller on Aug 11th, 2026

Orrstown Financial Services Inc. bought a new position in shares of Arista Networks, Inc. (NYSE:ANET – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,079 shares of the technology company’s stock, valued at approximately $693,000.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Arista Networks in the 4th quarter worth about $1,558,563,000. M&T Bank Corp grew its position in shares of 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 purchasing an additional 3,890,146 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Arista Networks by 59.3% during the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after purchasing an additional 2,934,098 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after purchasing an additional 1,960,829 shares during the period. Finally, Clearbridge Investments LLC bought a new position in shares of Arista Networks during the fourth quarter worth approximately $198,285,000. Institutional investors own 82.47% of the company’s stock.

Trending Headlines about Arista Networks

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

Positive Sentiment: Record results reinforce the AI networking growth story. Arista reported its first quarterly revenue above $3 billion, with revenue of $3.036 billion, up 37.7% year over year and 12.1% sequentially. The company also exceeded consensus expectations for earnings and revenue, supporting optimism around hyperscaler and AI data-center spending. Arista’s Record Quarter Reignites The AI Networking Debate
Positive Sentiment: Analyst estimates are moving higher. Strong second-quarter growth, demand for AI and cloud infrastructure, and the company’s “Arista 2.0” strategy are driving upward earnings revisions. The average analyst price target implies additional upside, although price targets are not always reliable indicators. Arista Witnesses an Uptrend in Estimate Revision
Positive Sentiment: Growth comparisons remain favorable. Arista has delivered sequential revenue growth for eight consecutive quarters, contrasting with a more uneven trajectory at Arm. This consistency strengthens the case that ANET is benefiting from a durable AI infrastructure spending cycle. Arista Networks vs. Arm
Neutral Sentiment: Valuation remains a key debate. Supporters argue that sustained earnings beats and hyperscaler capital spending justify ANET’s premium valuation. Other analysts contend that much of the AI opportunity is already reflected in the stock and that future gains may be more limited. Strong Quarterly Earnings Keeps The Buy Thesis Intact
Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 111,848 shares worth approximately $21.6 million. The transaction reduced his ownership by about 50%. However, it was executed under a pre-arranged Rule 10b5-1 trading plan, which lessens its significance as a signal about management’s outlook. SEC Insider Transaction Filing
Negative Sentiment: Potential margin pressure and valuation risks remain. Memory shortages could weigh on margins, while concerns about one-time sales and the stock’s elevated multiples may limit upside even as AI demand stays strong. Arista Networks Downgrade

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. TD Cowen raised their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Truist Financial lifted their price objective on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Arista Networks in a research report on Thursday. Finally, Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $226.05.

View Our Latest Analysis on ANET

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 767,029 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. This trade represents a 4.47% 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. In the last three months, insiders have sold 3,819,659 shares of company stock valued at $687,397,841. Insiders own 2.70% of the company’s stock.

Arista Networks Stock Performance

Shares of ANET stock opened at $191.09 on Tuesday. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The stock’s fifty day moving average price is $171.30 and its two-hundred day moving average price is $152.93. The company has a market cap of $241.01 billion, a PE ratio of 60.28, a P/E/G ratio of 2.17 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 EPS for the quarter, topping 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 company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Arista Networks’s 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, equities analysts predict that Arista Networks, Inc. will post 3.33 EPS for the current fiscal year.

Arista Networks Profile

(Free Report)

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.