Insider Selling: Arista Networks (NYSE:ANET) CEO Sells $154,341,575.38 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares of the company’s stock, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Wednesday, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The shares were 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 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 shares were sold at an average price of $188.17, for a total value 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 value of $2,140,947.36.

Arista Networks Stock Down 1.9%

Shares of Arista Networks stock traded down $3.71 during trading on Friday, reaching $188.61. The company’s stock had a trading volume of 7,201,959 shares, compared to its average volume of 8,681,263. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The company has a 50-day simple moving average of $170.30 and a two-hundred day simple moving average of $152.07. The company has a market cap of $237.50 billion, a price-to-earnings ratio of 59.50, a P/E/G ratio of 3.03 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.73 EPS. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ANET. Piper Sandler reiterated an “overweight” rating and issued a $240.00 target price (up from $181.00) on shares of Arista Networks in a research note on Wednesday. Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a report on Friday, May 15th. Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research note on Wednesday. UBS Group reissued a “buy” rating and set a $259.00 price objective (up from $187.00) on shares of Arista Networks in a report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 target price on shares of Arista Networks in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $226.05.

More Arista Networks News

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

• Positive Sentiment: Record earnings reinforced the growth story: Arista reported adjusted EPS of $1.02 versus the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion, exceeding expectations of $2.83 billion. It was the company’s first quarter above $3 billion. Arista Books Its First $3 Billion Quarter
• Positive Sentiment: AI networking demand remains strong: Hyperscaler and enterprise spending on AI data-center infrastructure is supporting Arista’s switching, routing and cloud networking businesses. The company also introduced new 1.6 Tbps AI networking platforms that could expand its Ethernet opportunity, although customer adoption and execution remain key. How Arista’s New AI Platform Could Expand ANET’s Growth Story
• Positive Sentiment: Management raised its outlook: Arista guided for approximately $3.3 billion of third-quarter revenue and $1.06–$1.08 in EPS. Its 2026 revenue outlook was lifted to $12.6 billion, helped by improving supply availability and sustained AI demand. Arista Projects $12.6 Billion 2026 Revenue
• Positive Sentiment: Analysts remain bullish: Rosenblatt, TD Cowen, Piper Sandler and Truist raised price targets to $280, $250, $240 and $234, respectively, while maintaining positive ratings. Additional coverage describes ANET as a high-growth stock with strong profitability and return on equity.
• Neutral Sentiment: Insider sale was planned: Director Charles Giancarlo sold 8,000 shares for about $1.45 million under a pre-arranged Rule 10b5-1 plan. He retained 184,333 shares, limiting the significance of the transaction. SEC insider transaction filing
• Negative Sentiment: Valuation is a near-term concern: Following a roughly 30% three-month rally, ANET trades at an elevated earnings multiple. Investors may be taking profits because substantial AI growth is already reflected in the stock, leaving limited room for weaker demand, margin pressure, supply issues or guidance misses.

Hedge Funds Weigh In On Arista Networks

Institutional investors have recently bought and sold shares of the business. Main Street Group LTD purchased a new position in shares of Arista Networks during the first quarter worth $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the 4th quarter worth about $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the 4th quarter worth about $28,000. Hilton Head Capital Partners LLC raised its stake in shares of Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after buying an additional 159 shares during the last quarter. Finally, NBT Bank N A NY raised its stake in shares of Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares during the last quarter. 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.