Arista Networks (NYSE:ANET) Major Shareholder Sells $43,048,200.00 in Stock

Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 260,000 shares of the company's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider owned 182,543,048 shares of the company's stock, valued at $30,223,652,457.36. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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Andreas Bechtolsheim also recently made the following trade(s):

• On Friday, June 5th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00.
• On Thursday, June 4th, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00.
• 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

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NYSE ANET opened at $164.51 on Thursday. Arista Networks, Inc. has a 1 year low of $85.58 and a 1 year high of $179.80. The company has a market capitalization of $207.15 billion, a PE ratio of 56.34, a P/E/G ratio of 2.59 and a beta of 1.61. The company has a fifty day moving average of $156.88 and a two-hundred day moving average of $140.97.

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Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Arista Networks's revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Arista Networks News Roundup

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

• Positive Sentiment: Arista continues to be highlighted as a beneficiary of AI infrastructure spending, with articles pointing to its role in data center networking and cloud connectivity as key growth drivers. Why Is Arista Networks Driving S&P 500 AI Infrastructure Growth?
• Positive Sentiment: BofA Securities reportedly raised its price target on Arista Networks, which can support investor confidence in the stock’s longer-term outlook. BofA Securities Raises Price Target for Arista Networks (ANET)
• Neutral Sentiment: Arista is drawing heavy investor attention after an 87% one-year gain, with some coverage questioning whether the stock’s rapid run has already priced in much of the optimism. Arista Networks (ANET) Stock After 87% Annual Gain Is It Time To Pause?
• Neutral Sentiment: Arista was among the most searched stocks on Zacks, reflecting elevated investor interest but not necessarily a fundamental catalyst by itself. Investors Heavily Search Arista Networks, Inc. (ANET): Here is What You Need to Know
• Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares in a pre-arranged Rule 10b5-1 transaction, a move that can weigh on sentiment even though the sale was relatively small versus his total holdings. SEC filing for Andreas Bechtolsheim transaction
• Negative Sentiment: Recent market coverage noted that ANET declined more than the broader market, reinforcing near-term selling pressure and profit-taking after its strong run. Arista Networks (ANET) Declines More Than Market: Some Information for Investors

Wall Street Analysts Forecast Growth

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ANET has been the subject of several recent research reports. TD Cowen reiterated a "buy" rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Arista Networks from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and set a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, Wolfe Research reiterated an "outperform" rating and set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Arista Networks has a consensus rating of "Buy" and a consensus price target of $186.47.

View Our Latest Stock Analysis on ANET

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently made changes to their positions in the business. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the third quarter worth about $29,000. Board of the Pension Protection Fund acquired a new stake in Arista Networks in the fourth quarter valued at about $26,000. Sankala Group LLC acquired a new stake in Arista Networks in the fourth quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks in the fourth quarter valued at about $28,000. Finally, Main Street Group LTD acquired a new stake in Arista Networks in the first quarter valued at about $26,000. Institutional investors and hedge funds own 82.47% of the company's stock.

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.

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