Rep. Gilbert Ray Cisneros, Jr. Sells Off Shares of Arista Networks, Inc. (NYSE:ANET)

Posted by Sarita Garza on Apr 9th, 2026

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently sold shares of Arista Networks, Inc. (NYSE:ANET). In a filing disclosed on April 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in Arista Networks stock on March 25th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of MACOM Technology Solutions (NASDAQ:MTSI) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of StandardAero (NYSE:SARO) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of FirstService (NASDAQ:FSV) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Advanced Energy Industries (NASDAQ:AEIS) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Flex (NASDAQ:FLEX) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of LPL Financial (NASDAQ:LPLA) on 3/27/2026.
Purchased $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 3/27/2026.
Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 3/27/2026.
Purchased $15,001 – $50,000 in shares of Fabrinet (NYSE:FN) on 3/27/2026.

Arista Networks Price Performance

Shares of NYSE:ANET traded up $0.40 during trading on Thursday, reaching $145.47. 7,223,340 shares of the company’s stock traded hands, compared to its average volume of 7,882,776. Arista Networks, Inc. has a 12 month low of $66.59 and a 12 month high of $164.94. The company has a 50 day moving average of $133.91 and a 200-day moving average of $135.83. The stock has a market capitalization of $182.79 billion, a P/E ratio of 52.71, a price-to-earnings-growth ratio of 2.24 and a beta of 1.48.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The business had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. Equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ANET. Brighton Jones LLC boosted its holdings in shares of Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $251,000. Sivia Capital Partners LLC boosted its holdings in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares in the last quarter. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of Arista Networks by 2.5% in the second quarter. Beacon Pointe Advisors LLC now owns 5,996 shares of the technology company’s stock valued at $613,000 after acquiring an additional 149 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on ANET shares. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Truist Financial started coverage on shares of Arista Networks in a research report on Tuesday, March 31st. They issued a “buy” rating and a $161.00 target price for the company. Rosenblatt Securities upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and upped their target price for the stock from $165.00 to $180.00 in a research report on Tuesday. Needham & Company LLC upped their target price on shares of Arista Networks from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Finally, UBS Group set a $200.00 target price on shares of Arista Networks in a research report on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.44.

Get Our Latest Report on Arista Networks

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Rosenblatt upgrade — Rosenblatt upgraded ANET and raised its recommendation/target, which drove buying interest and helped lift the share price. Arista Networks (NYSE:ANET) Stock Rating Upgraded by Rosenblatt Securities
Positive Sentiment: Broker consensus and estimate momentum — Multiple brokerages now rate ANET above neutral (average “Moderate Buy”) and analysts have nudged FY‑2026/27 EPS estimates higher, supporting expectations for continued revenue and earnings growth. Arista Networks, Inc. (NYSE:ANET) Receives Average Rating of “Moderate Buy” from Brokerages
Neutral Sentiment: Upcoming earnings date — Arista will report Q1 2026 results after the close on May 5; investors are positioning ahead of the release, which could amplify intraday moves. Arista Networks to Announce Q1 2026 Financial Results on Tuesday, May 5, 2026
Neutral Sentiment: Market positioning & data‑center strength — Coverage notes Arista’s strong position in data‑center networking and inclusion/weighting moves can support medium-term demand expectations but aren’t immediate catalysts. Arista Networks (NYSE:ANET) Strengthens Data Center Position In NYSE Composite
Negative Sentiment: Margin and cost pressure risk — Some analyst commentary (Zacks) highlights rising estimates for EPS but cautions that margin compression and higher costs could limit upside and increase execution risk. That risk may cap gains until results confirm guidance. Should You Bet on ANET Stock Amid an Estimate Revision Uptrend?

Insider Activity

In other news, Director Yvonne Wassenaar sold 1,815 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $132.44, for a total value of $240,378.60. Following the completion of the transaction, the director directly owned 12,574 shares in the company, valued at $1,665,300.56. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the completion of the transaction, the director owned 9,784 shares of the company’s stock, valued at $1,373,967.12. This trade represents a 44.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 199,632 shares of company stock worth $26,873,604 over the last three months. Corporate insiders own 3.39% of the company’s stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Arista Networks Company Profile

(Get 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.