Arista Networks (NYSE:ANET) CEO Sells $43,908,310.04 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 234,578 shares of the business’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $187.18, for a total transaction of $43,908,310.04. Following the transaction, the chief executive officer owned 5,134,207 shares in the company, valued at $961,020,866.26. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $45,616,547.74.
• On Tuesday, May 26th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36.
• On Wednesday, April 22nd, Jayshree Ullal sold 428,000 shares of Arista Networks stock. The stock was 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 stock was 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 stock was sold at an average price of $159.32, for a total transaction of $55,762,000.00.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $168.12 on Friday. Arista Networks, Inc. has a 1 year low of $106.99 and a 1 year high of $189.82. The business has a 50 day simple moving average of $161.22 and a two-hundred day simple moving average of $147.10. The firm has a market capitalization of $211.69 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 2.65 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Community Trust NA purchased a new stake in Arista Networks in the second quarter worth about $3,861,000. Ballast Inc. bought a new position in Arista Networks during the 2nd quarter worth about $255,000. Wedge Capital Management L L P NC increased its position in Arista Networks by 12.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 485,198 shares of the technology company’s stock valued at $82,425,000 after purchasing an additional 53,533 shares during the period. Accel Wealth Management increased its position in Arista Networks by 12.1% during the 2nd quarter. Accel Wealth Management now owns 2,185 shares of the technology company’s stock valued at $371,000 after purchasing an additional 236 shares during the period. Finally, Tema ETFs LLC raised its holdings in shares of Arista Networks by 10.1% in the 2nd quarter. Tema ETFs LLC now owns 22,091 shares of the technology company’s stock valued at $3,753,000 after purchasing an additional 2,030 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Arista Networks News Roundup

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

• Positive Sentiment: Analysts and market commentary continue to position Arista as an AI infrastructure winner, citing strong demand for data-center networking, backlog strength, and the likelihood that AI spending will keep driving growth. UBS sees data center investments to drive demand but supply constraints persist
• Positive Sentiment: Arista was highlighted as a high-growth, wide-moat stock and one of the infrastructure names best positioned to address AI bottlenecks, reinforcing confidence in its long-term competitive position. Beyond the Foundry: 5 Infrastructure Stocks Tackling the AI Bottlenecks
• Positive Sentiment: Technical commentary says ANET has been showing strong momentum and setting new highs, which can attract trend-following buyers. Arista Networks stock looks technically strong as it sets new all-time highs
• Positive Sentiment: Arista was upgraded by Erste Group Bank to a buy rating, adding to bullish analyst sentiment. Arista Networks upgraded by Erste Group Bank to Buy
• Neutral Sentiment: CEO Jayshree Ullal sold shares under a pre-arranged 10b5-1 plan. The sale was disclosed normally and does not necessarily point to a change in fundamentals, but it can temper sentiment. SEC filing
• Negative Sentiment: A recent note said ANET underperformed the broader market in the prior session, underscoring that the stock can still see short-term pullbacks despite strong long-term AI demand. Arista Networks suffers a larger drop than the general market

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup decreased their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a report on Friday, May 15th. JPMorgan Chase & Co. raised their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, KeyCorp reiterated an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $188.95.

About Arista Networks

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.