Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 62,622 Shares of Stock

September 30, 2026 by InsiderTrades.com

Key Points

Arista Networks CEO Jayshree Ullal sold 62,622 shares at an average price of $211.40, generating approximately $13.24 million. The transaction was made under a pre-arranged Rule 10b5-1 plan and reduced her direct ownership by 1.27%.
Arista reported quarterly EPS of $1.02 and revenue of $3.04 billion, exceeding analyst expectations; revenue increased 37.7% year over year. The company guided for third-quarter EPS of $1.06–$1.08.
Analysts remain broadly bullish, with a consensus “Buy” rating and an average price target of $230.74, although the stock’s elevated valuation—around 64 times earnings—remains a potential risk.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 62,622 shares of Arista Networks stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $211.40, for a total value of $13,238,290.80. Following the sale, the chief executive officer directly owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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, August 25th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The shares were sold at an average price of $191.79, for a total value of $2,648,428.11.
On Wednesday, August 12th, Jayshree Ullal sold 573,509 shares of Arista Networks stock. The stock was sold at an average price of $208.13, for a total value of $119,364,428.17.
On Wednesday, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The stock was sold at an average price of $201.22, for a total value of $66,691,149.48.
On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The shares were sold at an average price of $201.24, for a total value of $207,679.68.
On Wednesday, August 5th, Jayshree Ullal sold 767,029 shares of Arista Networks stock. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38.
On Friday, July 10th, Jayshree Ullal sold 234,578 shares of Arista Networks stock. The stock was sold at an average price of $187.18, for a total value of $43,908,310.04.
On Thursday, July 9th, Jayshree Ullal sold 242,422 shares of Arista Networks stock. The stock was sold at an average price of $188.17, for a total value of $45,616,547.74.

Arista Networks Price Performance

ANET opened at $202.59 on Wednesday. The company has a market capitalization of $255.52 billion, a P/E ratio of 63.91, a P/E/G ratio of 2.43 and a beta of 1.62. The firm's fifty day moving average price is $191.97 and its two-hundred day moving average price is $168.04. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

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Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to analysts' expectations 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 was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ANET shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Arista Networks in a research note on Monday, August 31st. They set a "buy" rating and a $220.00 price target for the company. Zacks Research raised Arista Networks from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Truist Financial raised their target price on Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty have given a Buy rating to the stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Buy" and a consensus target price of $230.74.

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Check Out Our Latest Stock Report on Arista Networks

Hedge Funds Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Main Street Group LTD bought a new stake in Arista Networks during the first quarter worth about $26,000. Sankala Group LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $27,000. ABS Investment Management LLC bought a new position in shares of Arista Networks in the second quarter valued at approximately $29,000. ABS Direct Equity Fund LLC acquired a new position in shares of Arista Networks in the 2nd quarter worth approximately $29,000. Finally, Hilton Head Capital Partners LLC boosted its holdings in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company's stock worth $30,000 after acquiring an additional 159 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Arista Networks

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

Positive Sentiment: AI networking demand remains the main bullish catalyst. Arista supplies high-speed switches and networking equipment that connect GPUs in large data centers operated by companies such as Microsoft and Meta. The articles argue that rapidly expanding AI clusters could make networking a durable competitive advantage, not merely a secondary beneficiary of the AI boom. Is AI Turning Networking Into Arista Network’s Next Big Moat?
Positive Sentiment: Long-term growth expectations remain strong. One valuation analysis estimates substantial potential upside based on continued earnings growth, while another identifies Arista as a leading AI-infrastructure stock approaching a potential technical buy point. Its relative-strength line recently reached a new high, signaling continued investor interest despite recent market weakness. Arista: The Layer Beneath The Chips AI Stock Leader Arista Eyes Latest Buy Point With RS Line At New Highs
Neutral Sentiment: Index inclusion did not produce an immediate boost. Arista’s addition to the S&P 100 could increase visibility and institutional demand over time, but the stock still softened around the announcement, suggesting investors may have already anticipated the move. Arista Networks stock falls after S&P 100 entry
Neutral Sentiment: Investors are comparing Arista’s growth profile with more diversified technology companies. Arista is viewed as the faster-growing AI networking specialist, while IBM offers greater exposure to hybrid-cloud software and consulting. The comparison reinforces Arista’s growth appeal but also highlights its greater dependence on sustained AI spending. Arista Networks vs. International Business Machines
Negative Sentiment: Valuation is the clearest near-term pressure. Arista trades at roughly 58–60 times trailing adjusted earnings, leaving little room for execution disappointments. Although projected 2026 and 2027 earnings make the valuation appear more reasonable, the stock’s premium multiple and recent market underperformance likely encouraged profit-taking. Is Arista Networks Stock As Expensive As It Looks?

Arista Networks Company Profile

(Get Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.