Arista Networks (NYSE:ANET) CEO Sells 242,422 Shares of Stock

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 242,422 shares of the company's stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the sale, the chief executive officer directly owned 5,171,095 shares in the company, valued at $973,044,946.15. This trade represents a 4.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Jayshree Ullal also recently made the following trade(s):

• On Tuesday, May 26th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36.
• On Wednesday, April 22nd, Jayshree Ullal sold 428,000 shares of Arista Networks stock. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00.
• On Tuesday, April 21st, Jayshree Ullal sold 93,861 shares of Arista Networks stock. The shares were sold at an average price of $168.57, for a total transaction of $15,822,148.77.
• On Monday, April 20th, Jayshree Ullal sold 306,139 shares of Arista Networks stock. The shares were sold at an average price of $167.31, for a total transaction of $51,220,116.09.
• 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.

Arista Networks Stock Performance

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Shares of ANET stock opened at $181.17 on Tuesday. Arista Networks, Inc. has a 52-week low of $104.68 and a 52-week high of $189.82. The company has a market capitalization of $228.13 billion, a PE ratio of 62.04, a price-to-earnings-growth ratio of 2.88 and a beta of 1.60. The business's fifty day moving average is $159.96 and its 200 day moving average is $146.20.

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Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the previous year, the business earned $0.65 earnings per share. The firm'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. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Analysts and market commentary continue to highlight Arista’s AI networking portfolio, strong cloud demand, and 35% revenue growth as drivers that could support more upside ahead.
• Positive Sentiment: Arista was included in a “high-growth wide-moat” stock list, reinforcing investor confidence in its competitive positioning and long-term growth outlook.
• Neutral Sentiment: A recent comparison note on enterprise AI stocks said Workday may offer more upside than Arista right now because of its lower valuation and improving earnings estimates, which may temper enthusiasm for ANET.
• Neutral Sentiment: The company’s CEO, Jayshree Ullal, sold 242,422 shares in a pre-arranged 10b5-1 plan. While the sale was disclosed and routine, large insider selling can sometimes weigh on sentiment. SEC filing
• Negative Sentiment: Arista Networks has also been cited as moving down more than the broader market in recent trading, reflecting near-term weakness despite its strong fundamentals.

Institutional Trading of Arista Networks

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Several hedge funds have recently added to or reduced their stakes in the business. Board of the Pension Protection Fund bought a new position in shares of Arista Networks during the fourth quarter valued at about $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks in the 4th quarter valued at about $28,000. Main Street Group LTD purchased a new stake in Arista Networks during the 1st quarter valued at about $26,000. Finally, Quarry LP purchased a new stake in Arista Networks during the 3rd quarter valued at about $33,000. 82.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on ANET shares. Raymond James Financial raised Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 price objective for the company in a report on Friday, May 15th. Weiss Ratings downgraded shares of Arista Networks from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, June 15th. Barclays reiterated an "overweight" rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Truist Financial set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has an average rating of "Buy" and an average target price of $188.16.

Read Our Latest Stock Analysis 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.

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