Arista Networks (NYSE:ANET) Stock: Insider Jayshree Ullal Sells 27,990 Shares

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 27,990 shares of Arista Networks stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $217.05, for a total transaction of $6,075,229.50. Following the transaction, the chief executive officer directly owned 4,793,347 shares in the company, valued at $1,040,395,966.35. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 shares were 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 shares were 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 transaction of $97,640,721.66.
• On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The stock was sold at an average price of $211.40, for a total transaction 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 transaction 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 transaction 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 transaction of $66,691,149.48.
• On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The shares were sold at an average price of $201.24, for a total transaction 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 Trading Down 4.6%

Shares of NYSE:ANET opened at $195.11 on Thursday. The stock’s 50-day moving average price is $198.83 and its 200-day moving average price is $173.87. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The stock has a market capitalization of $246.07 billion, a P/E ratio of 61.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS 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 for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s quarterly revenue 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, research analysts predict that Arista Networks, Inc. will post 3.79 EPS for the current year.

Arista Networks News Summary

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

• Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch reinforces the company’s position in AI networking and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank modestly raised its FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 forecast to $4.74 from $4.73, while maintaining a Buy rating. The revisions suggest continued confidence in Arista’s earnings growth.
• Positive Sentiment: A separate report said Arista’s revenue outlook was raised for the third time this year and non-cancellable purchase commitments climbed 2.7 times to $9.7 billion. If accurate, the commitments provide stronger visibility into future demand. Arista Networks Prospects and Earnings
• Neutral Sentiment: Arista’s previous quarterly results exceeded expectations, with revenue up 37.7% year over year and EPS of $1.02 versus the $0.89 consensus. However, the stock trades at a high earnings multiple, leaving less room for disappointment.
• Negative Sentiment: CEO Jayshree Ullal sold 130,553 shares for approximately $28.3 million and another 27,990 shares for about $6.1 million. Both transactions were executed under a pre-arranged Rule 10b5-1 plan, and Ullal still owns roughly 4.8 million shares, which reduces—but does not eliminate—the negative signal from the sales.
• Negative Sentiment: The stock recently declined more than the broader market after gaining about 58% year to date and reaching near its 52-week high. The move appears consistent with profit-taking and valuation concerns rather than a reported deterioration in Arista’s business outlook. Arista Networks Registers a Bigger Fall Than the Market

Analyst Ratings Changes

A number of equities analysts have commented on ANET shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a research note on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price objective for the company. Citigroup reissued a “buy” rating and set a $248.00 price objective (up from $215.00) on shares of Arista Networks in a research note on Thursday, October 8th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, UBS Group reaffirmed a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $235.45.

Hedge Funds Weigh In On Arista Networks

Hedge funds and other institutional investors have recently modified their holdings of the company. Triangle Securities Wealth Management grew its position in shares of Arista Networks by 40.3% in the 3rd quarter. Triangle Securities Wealth Management now owns 16,290 shares of the technology company’s stock worth $3,316,000 after buying an additional 4,680 shares during the last quarter. Mather Group LLC. increased its stake in shares of Arista Networks by 79.4% during the third quarter. Mather Group LLC. now owns 39,817 shares of the technology company’s stock valued at $8,106,000 after buying an additional 17,619 shares during the period. First Pacific Financial purchased a new position in shares of Arista Networks during the third quarter valued at approximately $1,468,000. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Arista Networks during the third quarter valued at approximately $2,791,000. Finally, Sloy Dahl & Holst LLC bought a new position in shares of Arista Networks during the third quarter valued at approximately $715,000. 82.47% of the stock is owned by institutional investors.

Arista Networks Company Profile

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.