Insider Selling: Arista Networks (NYSE:ANET) Insider Sells 26,000 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 26,000 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $185.42, for a total value of $4,820,920.00. Following the completion of the transaction, the insider owned 452,400 shares in the company, valued at $83,884,008. The trade was a 5.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Kenneth Duda also recently made the following trade(s):

• On Thursday, August 20th, Kenneth Duda sold 17,333 shares of Arista Networks stock. The stock was sold at an average price of $185.42, for a total transaction of $3,213,884.86.
• On Monday, July 20th, Kenneth Duda sold 17,333 shares of Arista Networks stock. The shares were sold at an average price of $170.51, for a total transaction of $2,955,449.83.
• On Monday, July 20th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00.
• On Monday, June 22nd, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $171.42, for a total transaction of $4,456,920.00.
• On Monday, June 22nd, Kenneth Duda sold 17,333 shares of Arista Networks stock. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86.

Arista Networks Trading Down 0.2%

ANET stock traded down $0.41 during mid-day trading on Monday, reaching $188.24. The company’s stock had a trading volume of 5,306,232 shares, compared to its average volume of 8,538,842. The company’s 50 day moving average is $177.57 and its two-hundred day moving average is $156.40. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89. The stock has a market cap of $237.42 billion, a PE ratio of 59.38, a P/E/G ratio of 1.95 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued 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 business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the previous year, the firm posted $0.73 EPS. The business’s revenue for the quarter 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. On average, analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds have recently modified their holdings of ANET. Main Street Group LTD purchased a new stake in Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks during the fourth quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $28,000. ABS Investment Management LLC purchased a new stake in shares of Arista Networks in the 2nd quarter valued at approximately $29,000. Finally, Hilton Head Capital Partners LLC lifted its holdings in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANET has been the topic of several analyst reports. UBS Group reiterated a “buy” rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen upped their price objective on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Wolfe Research restated an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Weiss Ratings cut shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $226.05.

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.