Key Points
- CEO Jayshree Ullal sold 27,990 Arista Networks shares at an average price of $217.05, generating approximately $6.08 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 4.79 million shares.
- Ullal has made several additional sales recently, including more than 687,000 shares in October and substantial transactions in August, continuing a broader pattern of insider selling.
- Arista reported stronger-than-expected quarterly results, with $1.02 EPS and $3.04 billion in revenue, while analysts maintain a generally positive outlook with a “Moderate Buy” consensus and an average price target of $235.45.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 27,990 shares of Arista Networks stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $217.05, for a total value of $6,075,229.50. Following the completion of the sale, the chief executive officer owned 4,793,347 shares of the company's stock, valued at approximately $1,040,395,966.35. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jayshree Ullal also recently made the following trade(s):
- On Friday, October 9th, Jayshree Ullal sold 130,553 shares of Arista Networks stock. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30.
- On Wednesday, October 7th, Jayshree Ullal sold 96,992 shares of Arista Networks stock. The stock was sold at an average price of $217.14, for a total transaction of $21,060,842.88.
- On Tuesday, October 6th, Jayshree Ullal sold 460,374 shares of Arista Networks stock. The shares were sold at an average price of $212.09, for a total transaction of $97,640,721.66.
- On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The shares were sold at an average price of $211.40, for a total transaction of $13,238,290.80.
- 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 transaction 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 transaction 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 transaction of $66,691,149.48.
- On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The stock was sold at an average price of $201.24, for a total transaction 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 transaction of $154,341,575.38.
Arista Networks Trading Down 3.1%
ANET opened at $204.34 on Wednesday. The company has a fifty day moving average price of $198.89 and a two-hundred day moving average price of $173.36. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The company has a market cap of $257.72 billion, a P/E ratio of 64.46, a price-to-earnings-growth ratio of 2.45 and a beta of 1.60.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for 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 firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts forecast that Arista Networks, Inc. will post 3.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. increased its position in shares of Arista Networks by 762.3% during the third quarter. Salem Investment Counselors Inc. now owns 8,821 shares of the technology company's stock worth $1,796,000 after acquiring an additional 7,798 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in shares of Arista Networks in the 3rd quarter worth about $242,000. Signal Advisors Wealth LLC raised its holdings in shares of Arista Networks by 146.8% in the 3rd quarter. Signal Advisors Wealth LLC now owns 12,878 shares of the technology company's stock worth $2,622,000 after acquiring an additional 7,660 shares during the last quarter. Foster Group Inc. lifted its position in Arista Networks by 205.9% in the 3rd quarter. Foster Group Inc. now owns 11,431 shares of the technology company's stock valued at $2,327,000 after acquiring an additional 7,694 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in Arista Networks by 436.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 29,588 shares of the technology company's stock valued at $6,024,000 after acquiring an additional 24,069 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have issued reports on ANET. Evercore reiterated an "outperform" rating on shares of Arista Networks in a report on Wednesday, October 7th. Piper Sandler restated an "overweight" rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a report on Monday, August 31st. They set a "buy" rating and a $220.00 price objective for the company. Weiss Ratings lowered Arista Networks from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, October 6th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average price target of $235.45.
Get Our Latest Stock Analysis on ANET
Arista Networks News Summary
Here are the key news stories impacting Arista Networks this week:
- Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
- Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
- Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings
About Arista Networks
(
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.
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