Arista Networks (NYSE:ANET) CEO Sells $2,140,947.36 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the transaction, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. 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.

Jayshree Ullal also recently made the following trade(s):

• On Wednesday, April 22nd, Jayshree Ullal sold 428,000 shares of Arista Networks stock. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00.
• On Tuesday, April 21st, Jayshree Ullal sold 93,861 shares of Arista Networks stock. The shares were sold at an average price of $168.57, for a total transaction of $15,822,148.77.
• On Monday, April 20th, Jayshree Ullal sold 306,139 shares of Arista Networks stock. The shares were sold at an average price of $167.31, for a total transaction of $51,220,116.09.
• On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The shares were sold at an average price of $159.32, for a total transaction of $55,762,000.00.
• On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The shares were sold at an average price of $150.11, for a total transaction of $16,934,209.32.

Arista Networks Stock Up 0.6%

Shares of Arista Networks stock traded up $0.90 on Thursday, reaching $155.21. The stock had a trading volume of 7,163,902 shares, compared to its average volume of 12,550,265. The company has a 50 day moving average price of $147.06 and a 200 day moving average price of $137.46. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The stock has a market capitalization of $195.44 billion, a P/E ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $185.72.

Institutional Trading of Arista Networks

Hedge funds have recently added to or reduced their stakes in the company. Knuff & Co LLC purchased a new stake in Arista Networks during the third quarter worth $29,000. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks during the fourth quarter worth $28,000. Finally, Main Street Group LTD acquired a new position in Arista Networks during the first quarter worth $26,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Company Profile

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.