Arista Networks (NYSE:ANET) CEO Sells $6,075,229.50 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 27,990 shares of Arista Networks stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $217.05, for a total transaction of $6,075,229.50. Following the completion of the sale, the chief executive officer directly owned 4,793,347 shares of the company’s stock, valued at approximately $1,040,395,966.35. The trade was a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Friday, October 9th, Jayshree Ullal sold 130,553 shares of Arista Networks stock. The stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30.
• On Wednesday, October 7th, Jayshree Ullal sold 96,992 shares of Arista Networks stock. The stock was sold at an average price of $217.14, for a total transaction of $21,060,842.88.
• On Tuesday, October 6th, Jayshree Ullal sold 460,374 shares of Arista Networks stock. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66.
• On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The shares were sold at an average price of $211.40, for a total value of $13,238,290.80.
• On Tuesday, August 25th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was sold at an average price of $191.79, for a total value of $2,648,428.11.
• On Wednesday, August 12th, Jayshree Ullal sold 573,509 shares of Arista Networks stock. The stock was sold at an average price of $208.13, for a total value of $119,364,428.17.
• On Wednesday, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The stock was sold at an average price of $201.22, for a total value 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 value of $207,679.68.
• On Wednesday, August 5th, Jayshree Ullal sold 767,029 shares of Arista Networks stock. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $185.53 on Friday. The business’s 50-day simple moving average is $198.69 and its 200-day simple moving average is $174.33. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $217.41. The firm has a market cap of $234.00 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 2.27 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its earnings results 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. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm had revenue of $3.04 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the company earned $0.73 EPS. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Hedge Funds Weigh In On Arista Networks

Several large investors have recently made changes to their positions in ANET. Daytona Street Capital LLC bought a new position in Arista Networks in the 3rd quarter worth approximately $54,000. Milestone Asset Management LLC lifted its holdings in shares of Arista Networks by 167.8% during the third quarter. Milestone Asset Management LLC now owns 52,776 shares of the technology company’s stock worth $10,745,000 after buying an additional 33,071 shares during the last quarter. Ellsworth Advisors LLC lifted its holdings in shares of Arista Networks by 204.3% during the third quarter. Ellsworth Advisors LLC now owns 142,772 shares of the technology company’s stock worth $29,067,000 after buying an additional 95,851 shares during the last quarter. Legacy Wealth Partners LLC acquired a new position in shares of Arista Networks during the third quarter worth approximately $984,000. Finally, Iams Wealth Management LLC bought a new stake in shares of Arista Networks in the third quarter valued at approximately $6,707,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ANET shares. Jefferies Financial Group set a $250.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Truist Financial raised their target price on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.