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 dated 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 completion of the transaction, the insider directly owned 331,848 shares in the company, valued at $54,111,134.88. This trade represents a 41.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 shares were sold at an average price of $151.74, for a total value of $31,106,700.00.

Arista Networks Stock Up 1.3%

ANET stock traded up $2.05 during trading on Monday, hitting $156.32. The company had a trading volume of 6,036,938 shares, compared to its average volume of 10,460,316. The firm has a 50-day moving average price of $151.65 and a 200-day moving average price of $139.13. The firm has a market cap of $196.83 billion, a PE ratio of 53.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. Arista Networks, Inc. has a 1-year low of $85.58 and a 1-year high of $179.80.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ANET. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Piper Sandler reiterated an “overweight” rating and set a $181.00 target price (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Barclays reaffirmed an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, Rosenblatt Securities boosted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $186.47.

Institutional Investors Weigh In On Arista Networks

Institutional investors have recently modified their holdings of the business. Knuff & Co LLC purchased a new position in Arista Networks in the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the fourth quarter valued at $28,000. Finally, Main Street Group LTD purchased a new stake in shares of Arista Networks in the first quarter worth about $26,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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.