Insider Selling: Arista Networks (NYSE:ANET) Major Shareholder Sells $43,017,000.00 in Stock

Arista Networks, Inc. (NYSE:ANET - Get Free Report) major shareholder Andreas Bechtolsheim sold 260,000 shares of the company's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $165.45, for a total value of $43,017,000.00. Following the completion of the transaction, the insider directly owned 180,015,156 shares in the company, valued at $29,783,507,560.20. This represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

• Arista Networks Cashes In on the AI Infrastructure Buildout

Andreas Bechtolsheim also recently made the following trade(s):

• On Friday, October 30th, Andreas Bechtolsheim sold 267,892 shares of Arista Networks stock. The shares were sold at an average price of $171.19, for a total value of $45,860,431.48.
• On Thursday, September 17th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00.
• 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.

Arista Networks Stock Up 9.2%

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Shares of Arista Networks stock opened at $186.53 on Tuesday. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The firm has a market capitalization of $235.25 billion, a PE ratio of 49.58, a price-to-earnings-growth ratio of 2.06 and a beta of 1.61. The stock's fifty day moving average is $192.41 and its 200-day moving average is $165.99.

• Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.12. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.33 billion. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. Arista Networks's revenue for the quarter was up 58.5% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Analysts expect that Arista Networks, Inc. will post 3.85 EPS for the current year.

Wall Street Analysts Forecast Growth

ANET has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Arista Networks from $234.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, November 4th. Bank of America restated a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC restated a "buy" rating and issued a $260.00 price target on shares of Arista Networks in a research report on Wednesday, November 4th. Piper Sandler raised their price objective on shares of Arista Networks from $240.00 to $261.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 4th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $280.00 price objective on shares of Arista Networks in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Arista Networks presently has an average rating of "Buy" and a consensus target price of $240.24.

• Arista Networks Plugs Into All-Time Highs

View Our Latest Stock Analysis on Arista Networks

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Arista’s latest quarter delivered strong growth: revenue rose 58.5% year over year and earnings exceeded expectations. The company’s roughly $18.5 billion 2027 revenue outlook reinforces the case that demand for AI networking remains robust. AI-driven revenue beat lifts the tape, but momentum remains mixed
• Positive Sentiment: Analyst coverage highlights Arista’s potential to benefit from a large AI networking opportunity, and momentum-focused investors point to its earnings surprises and growth projections as favorable. Arista Networks Is Tapping a $200 Billion AI Opportunity
• Neutral Sentiment: Arista has committed $11.4 billion to suppliers as it prepares to meet expected demand. Those purchases support its growth plans, but also raise the importance of delivering on its 2027 revenue outlook. Arista’s supplier commitments and 2027 outlook
• Negative Sentiment: Shares have faced pressure from a broad AI-hardware selloff, with reports describing a sharp weekly decline despite the company’s strong results and outlook. This sector-driven weakness may continue to weigh on near-term trading. Arista Sinks 14% in a Week Despite an $18.55 Billion 2027 Outlook
• Negative Sentiment: Analyst price-target revisions are mixed, reflecting uncertainty over how much investors should pay for Arista’s AI-driven growth. Arista Networks Stock Sees Modest Fair Value Lift After Analyst Revisions

Institutional Investors Weigh In On Arista Networks

Institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company's stock worth $1,712,788,000 after purchasing an additional 2,497,275 shares during the period. Envestnet Asset Management Inc. grew its position in Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock valued at $1,635,978,000 after purchasing an additional 6,409,612 shares in the last quarter. Deutsche Bank AG grew its position in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company's stock valued at $1,589,651,000 after purchasing an additional 388,354 shares in the last quarter. Finally, Amundi grew its position in Arista Networks by 5.7% during the first quarter. Amundi now owns 9,064,443 shares of the technology company's stock valued at $1,112,932,000 after purchasing an additional 491,173 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Company Profile

(Get Free Report)

Arista Networks, Inc develops software-driven networking products for large data centers, cloud environments, AI workloads, and enterprise campuses. Its offerings include Ethernet switches and routers, along with software and services for managing, monitoring, and securing networks.

The company's software portfolio includes its Extensible Operating System (EOS), which runs across its networking platforms, and CloudVision, a platform for network automation and management. Arista's products are used by cloud providers, businesses, and other organizations to connect and manage computing infrastructure.

Founded in 2004 and headquartered in Santa Clara, California, Arista serves customers worldwide.

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