Arista Networks (NYSE:ANET) Major Shareholder Sells $43,048,200.00 in Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00.
• On Thursday, June 4th, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00.
• On Tuesday, May 26th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $156.86, for a total transaction 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 transaction of $31,106,700.00.

Arista Networks Stock Up 0.1%

Arista Networks stock opened at $169.84 on Friday. The company’s 50-day moving average price is $158.10 and its 200-day moving average price is $141.44. Arista Networks, Inc. has a twelve month low of $85.58 and a twelve month high of $179.80. The company has a market cap of $213.86 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 2.62 and a beta of 1.61.

Arista Networks (NYSE:ANET) last announced its 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 for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ANET shares. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. TD Cowen reissued a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and set a $185.00 price target on shares of Arista Networks in a report on Wednesday, May 6th. UBS Group restated a “buy” rating and issued a $187.00 price target (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Board of the Pension Protection Fund purchased a new position in Arista Networks during the 4th quarter valued at $26,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter worth $26,000. Sankala Group LLC purchased a new stake in Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the fourth quarter worth $28,000. Finally, Knuff & Co LLC bought a new stake in shares of Arista Networks during the third quarter worth $29,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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.