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

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $170.51, for a total transaction of $4,433,260.00. Following the sale, the insider directly owned 462,400 shares of the company’s stock, valued at approximately $78,843,824. The trade was a 5.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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, June 22nd, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were 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 value of $2,971,222.86.
• On Monday, May 18th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $140.08, for a total value of $3,642,080.00.
• On Monday, May 18th, Kenneth Duda sold 32,000 shares of Arista Networks stock. The stock was sold at an average price of $140.08, for a total value of $4,482,560.00.

Arista Networks Price Performance

Shares of ANET stock traded down $4.98 during trading hours on Tuesday, reaching $165.78. The company had a trading volume of 2,850,193 shares, compared to its average volume of 8,555,135. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $189.82. The business has a fifty day simple moving average of $165.52 and a 200-day simple moving average of $149.04. The company has a market cap of $208.75 billion, a price-to-earnings ratio of 56.75, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60.

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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Arista Networks’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Hedge Funds Weigh In On Arista Networks

Institutional investors and hedge funds have recently bought and sold shares of the company. Sankala Group LLC bought a new stake in shares of Arista Networks in the fourth quarter valued at $27,000. Prosperity Bancshares Inc bought a new position in shares of Arista Networks during the 4th quarter worth $28,000. Main Street Group LTD bought a new position in shares of Arista Networks during the 1st quarter worth $26,000. Quarry LP purchased a new stake in Arista Networks in the 3rd quarter worth about $33,000. Finally, Ameliora Wealth Management Ltd. purchased a new stake in Arista Networks in the 4th quarter worth about $30,000. 82.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ANET. Truist Financial set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Needham & Company LLC boosted their price target on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, June 10th. Rosenblatt Securities increased their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded Arista Networks from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $189.74.

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.