Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 240,000 shares of the business's stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00. Following the sale, the insider directly owned 331,848 shares in the company, valued at $54,111,134.88. This trade represents a 41.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Andreas Bechtolsheim also recently made the following trade(s):
- On Tuesday, May 26th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00.
- On Friday, May 22nd, Andreas Bechtolsheim sold 205,000 shares of Arista Networks stock. The shares were sold at an average price of $151.74, for a total transaction of $31,106,700.00.
Arista Networks Price Performance
Shares of ANET opened at $156.32 on Tuesday. The firm has a market capitalization of $196.83 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80. The company's fifty day moving average price is $151.65 and its 200-day moving average price is $139.13.
Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.
Institutional Investors Weigh In On Arista Networks
Hedge funds have recently modified their holdings of the company. Lighthouse Financial Services Inc. ADV acquired a new position in shares of Arista Networks during the 4th quarter worth about $1,549,000. Bensler LLC acquired a new position in shares of Arista Networks during the 4th quarter worth about $6,350,000. QRG Capital Management Inc. raised its position in shares of Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company's stock worth $22,224,000 after purchasing an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. raised its position in shares of Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company's stock worth $2,309,000 after purchasing an additional 6,591 shares during the last quarter. Finally, Reaves W H & Co. Inc. acquired a new position in shares of Arista Networks during the 4th quarter worth about $3,058,000. 82.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ANET shares. KeyCorp reissued an "overweight" rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Rosenblatt Securities boosted their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, May 6th. Zacks Research lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 14th. Susquehanna raised shares of Arista Networks to a "strong-buy" rating in a report on Wednesday, April 1st. Finally, TD Cowen reissued a "buy" rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two investment 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $186.47.
View Our Latest Stock Analysis on ANET
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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