Arista Networks (NYSE:ANET) Major Shareholder Sells $34,509,200.00 in Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $156.86, for a total value of $34,509,200.00. Following the sale, the insider directly owned 182,803,048 shares in the company, valued at $28,674,486,109.28. This trade represents a 0.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Andreas Bechtolsheim also recently made the following trade(s):

• On Friday, May 22nd, Andreas Bechtolsheim sold 205,000 shares of Arista Networks stock. The shares were sold at an average price of $151.74, for a total transaction of $31,106,700.00.

Arista Networks Trading Up 0.6%

ANET traded up $0.90 during trading on Thursday, hitting $155.21. 7,163,902 shares of the company traded hands, compared to its average volume of 12,550,265. The stock’s 50-day simple moving average is $147.06 and its two-hundred day simple moving average is $137.46. Arista Networks, Inc. has a 1 year low of $83.86 and a 1 year high of $179.80. The company has a market cap of $195.44 billion, a PE ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s 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. Equities analysts expect that Arista Networks, Inc. will post 3.28 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ANET shares. Citigroup lowered their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price target (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Rosenblatt Securities raised their price target on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Evercore reissued an “outperform” rating and set a $200.00 price target on shares of Arista Networks in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $185.72.

Institutional Investors Weigh In On Arista Networks

Several large investors have recently modified their holdings of ANET. Lighthouse Financial Services Inc. ADV acquired a new stake in Arista Networks in the fourth quarter valued at approximately $1,549,000. Bensler LLC purchased a new stake in shares of Arista Networks in the 4th quarter valued at about $6,350,000. QRG Capital Management Inc. lifted its holdings in shares of Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after purchasing an additional 10,217 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Arista Networks by 38.3% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock valued at $96,480,000 after purchasing an additional 183,515 shares during the last quarter. Finally, Czech National Bank raised its stake in Arista Networks by 4.0% during the 4th quarter. Czech National Bank now owns 272,284 shares of the technology company’s stock valued at $35,677,000 after acquiring an additional 10,525 shares during the last quarter. 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.