Arista Networks (NYSE:ANET) Major Shareholder Sells $39,134,400.00 in Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 240,000 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $163.06, for a total value of $39,134,400.00. Following the sale, the insider directly owned 331,848 shares of the company’s stock, valued at approximately $54,111,134.88. This represents a 41.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Andreas Bechtolsheim also recently made the following trade(s):

• On Friday, June 5th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The stock was sold at an average price of $157.93, for a total value of $34,744,600.00.
• On Tuesday, May 26th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00.
• On Friday, May 22nd, Andreas Bechtolsheim sold 205,000 shares of Arista Networks stock. The stock was sold at an average price of $151.74, for a total value of $31,106,700.00.

Arista Networks Stock Down 0.3%

ANET opened at $151.71 on Thursday. The firm has a market cap of $191.03 billion, a PE ratio of 51.95, a P/E/G ratio of 2.35 and a beta of 1.61. The business has a fifty day simple moving average of $152.99 and a 200-day simple moving average of $139.55. Arista Networks, Inc. has a fifty-two week low of $85.58 and a fifty-two week high of $179.80.

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

More Arista Networks News

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

• Positive Sentiment: Arista introduced its new 7060XE7 Series 1.6T networking platforms for rack-scale AI infrastructure, reinforcing its role as a key supplier in AI data center buildouts. Article Title
• Positive Sentiment: Analysts remain constructive after Arista’s strong quarterly results, with several raising price targets and reiterating Buy ratings, which supports the bull case for continued earnings momentum. Article Title
• Positive Sentiment: Coverage also highlighted Arista’s debt-free balance sheet, rising cash reserves, and strong operating cash flow, suggesting the company can keep investing in AI and cloud growth. Article Title
• Neutral Sentiment: Several stories framed Arista as a major beneficiary of the AI infrastructure buildout, but this is more of a reaffirmation of the long-term growth story than a new catalyst. Article Title
• Negative Sentiment: Major shareholder Andreas Bechtolsheim disclosed another large stock sale under a pre-arranged 10b5-1 plan. While routine, repeated insider selling can still pressure sentiment on ANET. Article Title

Institutional Trading of Arista Networks

Several hedge funds and other institutional investors have recently modified their holdings of ANET. Norges Bank purchased a new stake in shares of Arista Networks during the fourth quarter worth $1,558,563,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Arista Networks by 82.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after acquiring an additional 4,332,659 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after acquiring an additional 3,890,146 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after acquiring an additional 2,934,098 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after acquiring an additional 1,960,829 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ANET shares. Morgan Stanley restated an “overweight” rating and issued a $180.00 target price on shares of Arista Networks in a report on Friday, May 1st. Bank of America increased their target price on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a report on Monday. KeyCorp restated an “overweight” rating and issued a $178.00 target price (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday. Finally, Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $185.95.

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.