Key Points
- CFO Chantelle Yvette Breithaupt sold 8,890 shares on April 14 at an average price of $155.02 for proceeds of $1,378,127.80, cutting her stake by 12.77% to 60,734 shares; the transaction was executed under a pre‑arranged Rule 10b5‑1 plan.
- CEO Jayshree Ullal sold 112,812 shares (avg. $150.11) under a Rule 10b5‑1 plan, reducing her reported direct stake by roughly 92%, a sizable insider sale that could weigh on sentiment.
- Despite the insider sales, analysts remain broadly bullish—JPMorgan lifted its target to $200 and MarketBeat shows a consensus "Buy" with a $177.83 target—while Arista posted a quarter with revenue up 28.9% and an EPS beat.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) CFO Chantelle Yvette Breithaupt sold 8,890 shares of the firm's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total value of $1,378,127.80. Following the sale, the chief financial officer owned 60,734 shares of the company's stock, valued at $9,414,984.68. This represents a 12.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Price Performance
Shares of Arista Networks stock opened at $160.77 on Friday. The business has a 50-day moving average of $135.66 and a 200-day moving average of $136.25. The company has a market capitalization of $202.01 billion, a PE ratio of 58.25, a P/E/G ratio of 2.72 and a beta of 1.48. Arista Networks, Inc. has a 1-year low of $66.59 and a 1-year high of $164.94.
Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.07. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The company's revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. On average, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Key Arista Networks News
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: JPMorgan raised its price target on ANET to $200 and reiterated an "overweight" rating, implying ~24% upside versus the recent share price — a clear catalyst for buying interest. JPMorgan raises ANET price target to $200
- Positive Sentiment: Zacks upgraded Arista from "hold" to "strong‑buy", which can attract retail momentum flows and algorithmic buying. Zacks upgrades ANET to strong-buy
- Positive Sentiment: Brokerage coverage remains tilted bullish (Needham, UBS, Susquehanna and others raising targets or assigning buy/strong‑buy ratings), supporting multiple expansion expectations. MarketBeat analyst roundup on ANET
- Neutral Sentiment: Peer data shows AI networking demand is broadening: Cisco reported strong AI‑driven growth and Ciena is boosting capex — this confirms a market tailwind for vendors like Arista but also signals intensifying competition and supply dynamics. Cisco's AI Networking Surge Gathers Momentum Ciena's Capex Acceleration
- Neutral Sentiment: Short‑term momentum articles note Arista has outperformed the broader market in recent sessions — this can amplify intraday moves but doesn't change fundamentals. Arista outperforms broader market
- Negative Sentiment: CEO Jayshree Ullal sold 112,812 shares (avg. $150.11) under a pre‑arranged Rule 10b5‑1 plan, cutting her reported direct stake ~92%. Large insider sales can weigh on sentiment despite being planned trades. CEO Jayshree Ullal Sells 112,812 Shares
Hedge Funds Weigh In On Arista Networks
Hedge funds and other institutional investors have recently bought and sold shares of the stock. AdvisorNet Financial Inc boosted its stake in Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after acquiring an additional 72 shares during the period. Knuff & Co LLC acquired a new position in Arista Networks in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new position in Arista Networks in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in Arista Networks in the fourth quarter valued at approximately $27,000. Finally, Prosperity Bancshares Inc acquired a new position in Arista Networks in the fourth quarter valued at approximately $28,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday. Truist Financial assumed coverage on Arista Networks in a research note on Tuesday, March 31st. They set a "buy" rating and a $161.00 target price for the company. Wells Fargo & Company raised their target price on Arista Networks from $175.00 to $185.00 and gave the company an "overweight" rating in a research note on Friday, February 13th. Morgan Stanley restated an "overweight" rating and set a $165.00 target price on shares of Arista Networks in a research note on Friday, February 13th. Finally, Evercore reiterated an "outperform" rating and issued a $200.00 price target on shares of Arista Networks in a research note on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $177.83.
Check Out Our Latest Research Report on Arista Networks
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
