Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 300,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the transaction, the insider owned 180,843,048 shares in the company, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Andreas Bechtolsheim also recently made the following trade(s):
- On Thursday, August 6th, Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock. The stock was sold at an average price of $192.75, for a total transaction of $21,558,702.00.
- On Wednesday, August 5th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00.
- On Thursday, July 2nd, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00.
- On Wednesday, July 1st, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The stock was sold at an average price of $164.22, for a total transaction of $42,697,200.00.
- On Monday, June 15th, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00.
- 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 value 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 value of $39,134,400.00.
Arista Networks Stock Performance
NYSE ANET opened at $195.74 on Tuesday. The stock has a market capitalization of $246.87 billion, a P/E ratio of 61.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a fifty day moving average of $180.70 and a 200-day moving average of $158.88.
Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on ANET. The Goldman Sachs Group restated a "buy" rating and set a $225.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Morgan Stanley reissued an "overweight" rating and set a $220.00 price target (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Arista Networks in a report on Monday. They issued a "buy" rating and a $220.00 price objective on the stock. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. Finally, UBS Group reaffirmed a "buy" rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $225.76.
Check Out Our Latest Stock Report on ANET
Institutional Trading of Arista Networks
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cura Wealth Advisors LLC raised its position in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock valued at $297,000 after acquiring an additional 52 shares during the period. Madison Wealth Partners Inc grew its holdings in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock valued at $370,000 after purchasing an additional 60 shares during the period. Intrua Financial LLC grew its holdings in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after purchasing an additional 61 shares during the period. Shepherd Financial Partners LLC increased its stake in Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company's stock valued at $918,000 after purchasing an additional 66 shares in the last quarter. Finally, NBT Bank N A NY raised its holdings in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company's stock worth $30,000 after purchasing an additional 67 shares during the period. 82.47% of the stock is owned by institutional investors.
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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