Key Points
- Major shareholder Andreas Bechtolsheim sold 300,000 Arista Networks shares at an average price of $198.95, generating approximately $59.7 million. The transaction was made under a pre-arranged Rule 10b5-1 plan, reducing his ownership by 0.17% while leaving him with more than 180.5 million shares.
- Arista reported stronger-than-expected quarterly results, with EPS of $1.02 versus the $0.89 consensus and revenue of $3.04 billion, up 37.7% year over year. The company guided for third-quarter EPS of $1.06–$1.08.
- Analysts remain positive, with the stock carrying a consensus “Buy” rating and an average price target of $227.80, above its reported opening price of $205.37. Institutional investors own approximately 82.47% of Arista’s shares.
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, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares of the company's stock, valued at $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Andreas Bechtolsheim also recently made the following trade(s):
- On Thursday, August 27th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The stock was sold at an average price of $202.60, for a total value of $60,780,000.00.
- 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 value of $21,558,702.00.
- On Wednesday, August 5th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The stock was 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 shares were sold at an average price of $164.22, for a total transaction of $42,697,200.00.
Arista Networks Stock Up 3.0%
ANET opened at $205.37 on Tuesday. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a 50 day moving average of $188.10 and a two-hundred day moving average of $165.18. The company has a market cap of $259.02 billion, a P/E ratio of 64.79, a P/E/G ratio of 2.37 and a beta of 1.62.
Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business's revenue for the quarter was up 37.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts anticipate that Arista Networks, Inc. will post 3.7 earnings per share for the current year.
Institutional Investors Weigh In On Arista Networks
Hedge funds and other institutional investors have recently bought and sold shares of the business. Silicon Valley Capital Partners raised its position in shares of Arista Networks by 2,331.4% in the 2nd quarter. Silicon Valley Capital Partners now owns 156,458 shares of the technology company's stock valued at $26,579,000 after purchasing an additional 150,023 shares in the last quarter. Cherry Tree Wealth Management LLC increased its stake in shares of Arista Networks by 1,383.2% in the second quarter. Cherry Tree Wealth Management LLC now owns 4,420 shares of the technology company's stock worth $751,000 after buying an additional 4,122 shares during the last quarter. Talon Private Wealth LLC acquired a new stake in Arista Networks in the second quarter valued at $232,000. ABS Direct Equity Fund LLC acquired a new stake in Arista Networks in the second quarter valued at $29,000. Finally, Bouchey Financial Group Ltd. boosted its stake in Arista Networks by 17.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 1,787 shares of the technology company's stock valued at $304,000 after acquiring an additional 261 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ANET has been the topic of a number of recent research reports. Citigroup restated a "buy" rating on shares of Arista Networks in a research note on Thursday, August 6th. Truist Financial raised their target price on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. Wells Fargo & Company restated an "overweight" rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have given a Buy rating to the stock. Based on data from MarketBeat.com, Arista Networks currently has an average rating of "Buy" and a consensus price target of $227.80.
View Our Latest Stock Analysis on Arista Networks
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.
The company's software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.
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