Insider Selling: Arista Networks (NYSE:ANET) CFO Sells 2,448 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) CFO Chantelle Yvette Breithaupt sold 2,448 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $157.00, for a total transaction of $384,336.00. Following the transaction, the chief financial officer owned 64,408 shares in the company, valued at $10,112,056. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chantelle Yvette Breithaupt also recently made the following trade(s):

• On Tuesday, April 14th, Chantelle Yvette Breithaupt sold 8,890 shares of Arista Networks stock. The shares were sold at an average price of $155.02, for a total transaction of $1,378,127.80.

Arista Networks Price Performance

Shares of Arista Networks stock traded up $0.90 during trading on Thursday, reaching $155.21. 7,163,902 shares of the company traded hands, compared to its average volume of 12,550,265. Arista Networks, Inc. has a 1-year low of $83.86 and a 1-year high of $179.80. The company has a 50 day moving average price of $147.06 and a 200-day moving average price of $137.46. The firm has a market capitalization 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 released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $0.65 EPS. Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a report on Friday, May 15th. Evercore restated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, April 16th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Finally, Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $185.72.

Institutional Trading of Arista Networks

Several institutional investors and hedge funds have recently made changes to their positions in ANET. Norges Bank purchased a new stake in shares of Arista Networks in the fourth quarter valued at about $1,558,563,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Arista Networks by 82.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after purchasing an additional 4,332,659 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after purchasing an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Arista Networks by 59.3% in the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Arista Networks by 86.0% in the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock valued at $520,168,000 after purchasing an additional 1,960,829 shares during the last quarter. 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.