Arista Networks (NYSE:ANET) CFO Chantelle Yvette Breithaupt Sells 612 Shares

Arista Networks, Inc. (NYSE:ANET) CFO Chantelle Breithaupt sold 612 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total transaction of $119,811.24. Following the completion of the transaction, the chief financial officer owned 69,921 shares in the company, valued at $13,688,434.17. This trade represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Up 2.7%

Shares of NYSE ANET opened at $191.13 on Friday. The company has a market capitalization of $241.06 billion, a PE ratio of 60.29, a P/E/G ratio of 2.21 and a beta of 1.62. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The firm has a fifty day simple moving average of $182.22 and a 200 day simple moving average of $159.92.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arista Networks

Institutional investors have recently bought and sold shares of the stock. ABS Investment Management LLC purchased a new position in Arista Networks during the 2nd quarter worth $29,000. Kelleher Financial Advisors bought a new position in shares of Arista Networks during the second quarter valued at about $31,000. Cornerstone Financial Management LLC lifted its position in shares of Arista Networks by 61.9% during the second quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after purchasing an additional 70 shares in the last quarter. Sankala Group LLC purchased a new position in Arista Networks during the fourth quarter worth about $27,000. Finally, Prosperity Bancshares Inc purchased a new position in Arista Networks during the fourth quarter worth about $28,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of several research reports. Piper Sandler restated 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, August 5th. Barclays reissued an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial upped their target price on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen lifted their price target on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $225.76.

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.