Key Points
- CEO Jayshree Ullal sold $51.22M (306,139 shares) on April 20 under a pre-arranged Rule 10b5-1 plan — part of multiple recent sales (including 350,000 shares on Apr 16 and 112,812 on Apr 13) that reduced her holding by 5.47%, though she still owns 5,287,287 shares (~$885M).
- Company fundamentals and AI thesis remain strong: Arista posted a Q1 beat (EPS $0.82, revenue $2.49B, +28.9% y/y), management raised its AI networking assumptions, and analysts have lifted targets and maintained a consensus Buy rating with price targets up to $200.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 306,139 shares of the firm's stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $167.31, for a total transaction of $51,220,116.09. Following the transaction, the chief executive officer owned 5,287,287 shares of the company's stock, valued at approximately $884,615,987.97. The trade was a 5.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jayshree Ullal also recently made the following trade(s):
- On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The stock was sold at an average price of $159.32, for a total transaction of $55,762,000.00.
- On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The stock was sold at an average price of $150.11, for a total transaction of $16,934,209.32.
Arista Networks Stock Performance
Arista Networks stock opened at $177.89 on Thursday. Arista Networks, Inc. has a 52-week low of $70.36 and a 52-week high of $178.48. The firm has a 50 day moving average price of $138.03 and a two-hundred day moving average price of $136.88. The firm has a market cap of $223.99 billion, a price-to-earnings ratio of 64.45, a PEG ratio of 3.04 and a beta of 1.48.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The firm had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter last year, the business earned $0.66 EPS. The company's revenue was up 28.9% compared to the same quarter last year. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.17 EPS for the current fiscal year.
Key Headlines Impacting Arista Networks
Here are the key news stories impacting Arista Networks this week:
Institutional Trading of Arista Networks
Large investors have recently modified their holdings of the stock. Global Trust Asset Management LLC grew its position in Arista Networks by 33.0% in the 3rd quarter. Global Trust Asset Management LLC now owns 19,273 shares of the technology company's stock valued at $2,808,000 after purchasing an additional 4,780 shares during the period. Rakuten Investment Management Inc. acquired a new stake in Arista Networks in the 3rd quarter valued at $8,263,000. National Wealth Management Group LLC bought a new position in Arista Networks during the 3rd quarter valued at $1,296,000. Three Seasons Wealth LLC bought a new position in Arista Networks during the 3rd quarter valued at $2,483,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its stake in Arista Networks by 38.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company's stock valued at $96,480,000 after acquiring an additional 183,515 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.
Analysts Set New Price Targets
Several research firms have issued reports on ANET. Piper Sandler restated an "overweight" rating and set a $175.00 price target (up from $159.00) on shares of Arista Networks in a report on Friday, February 13th. The Goldman Sachs Group restated a "buy" rating and set a $188.00 price target (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. UBS Group set a $200.00 price objective on shares of Arista Networks in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Finally, Weiss Ratings raised shares of Arista Networks from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $177.83.
Read Our Latest Analysis on ANET
About Arista Networks
(
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.
Further Reading
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