Key Points
- Arista Networks major shareholder Andreas Bechtolsheim sold 220,000 shares on May 26 at an average price of $156.86, generating about $34.5 million. The sale was made under a pre-arranged Rule 10b5-1 plan.
- The transaction came after another recent sale: Bechtolsheim sold 205,000 shares on May 22 at an average price of $151.74. Despite the sales, he still held more than 182.8 million shares of Arista.
- Arista reported better-than-expected quarterly results, with earnings of $0.87 per share and revenue of $2.71 billion, both ahead of forecasts. Analysts remain broadly bullish, with a consensus Buy rating and an average price target of $185.72.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) CFO Chantelle Yvette Breithaupt sold 2,448 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $157.00, for a total value of $384,336.00. Following the sale, the chief financial officer owned 64,408 shares of the company's stock, valued at approximately $10,112,056. This represents a 3.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chantelle Yvette Breithaupt also recently made the following trade(s):
- On Tuesday, April 14th, Chantelle Yvette Breithaupt sold 8,890 shares of Arista Networks stock. The stock was sold at an average price of $155.02, for a total value of $1,378,127.80.
Arista Networks Stock Up 0.6%
Shares of NYSE:ANET opened at $155.21 on Friday. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The stock has a market cap of $195.44 billion, a PE ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67. The business has a 50 day moving average of $147.06 and a 200-day moving average of $137.46.
Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on ANET shares. Piper Sandler reiterated an "overweight" rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Raymond James Financial upgraded Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 price target for the company in a research note on Friday, May 15th. TD Cowen reiterated a "buy" rating and issued a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Barclays reiterated an "overweight" rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on Arista Networks from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $185.72.
Get Our Latest Stock Report on Arista Networks
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Knuff & Co LLC acquired a new position in Arista Networks during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new position in Arista Networks during the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks during the fourth quarter worth $28,000. Finally, Main Street Group LTD acquired a new position in shares of Arista Networks during the first quarter worth $26,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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