Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 130,553 Shares of Company Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the transaction, the chief executive officer owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jayshree Ullal also recently made the following trade(s):

• On Thursday, October 8th, Jayshree Ullal sold 27,990 shares of Arista Networks stock. The shares were sold at an average price of $217.05, for a total value of $6,075,229.50.
• On Wednesday, October 7th, Jayshree Ullal sold 96,992 shares of Arista Networks stock. The stock was sold at an average price of $217.14, for a total value of $21,060,842.88.
• On Tuesday, October 6th, Jayshree Ullal sold 460,374 shares of Arista Networks stock. The stock was sold at an average price of $212.09, for a total value of $97,640,721.66.
• On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The shares were sold at an average price of $211.40, for a total value of $13,238,290.80.
• On Tuesday, August 25th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The shares were sold at an average price of $191.79, for a total value of $2,648,428.11.
• On Wednesday, August 12th, Jayshree Ullal sold 573,509 shares of Arista Networks stock. The shares were sold at an average price of $208.13, for a total value 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 value of $66,691,149.48.
• On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The stock was sold at an average price of $201.24, for a total value of $207,679.68.
• On Wednesday, August 5th, Jayshree Ullal sold 767,029 shares of Arista Networks stock. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38.

Arista Networks Trading Down 3.1%

Shares of ANET traded down $6.54 during trading hours on Tuesday, reaching $204.34. 7,980,932 shares of the company traded hands, compared to its average volume of 4,906,526. The firm has a market cap of $257.72 billion, a price-to-earnings ratio of 66.73, a PEG ratio of 2.45 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $217.41. The stock’s fifty day moving average price is $198.89 and its 200 day moving average price is $173.36.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results 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 net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue 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, research analysts forecast that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ANET shares. Evercore restated an “outperform” rating on shares of Arista Networks in a research note on Wednesday, October 7th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Morgan Stanley reiterated an “overweight” rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Rosenblatt Securities boosted their price target on Arista Networks from $210.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 price objective (up from $200.00) 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 assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Key Headlines Impacting Arista Networks

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 strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings

Hedge Funds Weigh In On Arista Networks

Several institutional investors have recently bought and sold shares of ANET. Mechanics Bank Trust Department purchased a new stake in shares of Arista Networks during the 3rd quarter worth $875,000. Lineweaver Wealth Advisors LLC boosted its position in Arista Networks by 3.8% during the third quarter. Lineweaver Wealth Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $1,881,000 after purchasing an additional 336 shares in the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new position in Arista Networks in the third quarter valued at about $2,006,000. Accel Wealth Management grew its stake in Arista Networks by 337.3% in the third quarter. Accel Wealth Management now owns 9,555 shares of the technology company’s stock valued at $1,945,000 after purchasing an additional 7,370 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in Arista Networks by 66,459.7% in the third quarter. Contravisory Investment Management Inc. now owns 44,595 shares of the technology company’s stock valued at $9,079,000 after purchasing an additional 44,528 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other 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.