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

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 26,000 shares of Arista Networks stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $171.42, for a total value of $4,456,920.00. Following the transaction, the insider directly owned 472,400 shares in the company, valued at approximately $80,978,808. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were 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 shares were sold at an average price of $140.08, for a total value of $4,482,560.00.
• On Friday, April 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $163.31, for a total value of $4,246,060.00.
• On Friday, April 17th, Kenneth Duda sold 32,000 shares of Arista Networks stock. The stock was sold at an average price of $163.31, for a total value of $5,225,920.00.

Arista Networks Trading Down 0.3%

ANET stock traded down $0.51 during mid-day trading on Wednesday, reaching $161.69. 6,328,620 shares of the stock traded hands, compared to its average volume of 8,721,203. Arista Networks, Inc. has a 52-week low of $94.50 and a 52-week high of $179.80. The company has a market cap of $203.60 billion, a P/E ratio of 55.37, a P/E/G ratio of 2.69 and a beta of 1.61. The stock’s fifty day moving average is $159.00 and its 200-day moving average is $142.11.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm posted $0.65 earnings per share. The firm’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 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a report on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Truist Financial set a $175.00 price objective on Arista Networks in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $187.63.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: Arista unveiled 1.6-terabit networking platforms and said 800-gig adoption is building with enterprise and hyperscale customers, reinforcing its role in AI data center infrastructure and supporting the longer-term growth story. Arista Networks (ANET) Unveils 1.6 Terabit Platforms As 800 Gig Adoption Builds
• Positive Sentiment: Multiple analyst-focused articles highlighted Arista as a beneficiary of strong AI networking demand, with Wall Street commentary suggesting the stock remains attractive for portfolios. The Zacks Analyst Blog Highlights Micron, The Coca-Cola, Arista Networks and Where Food Comes From
• Neutral Sentiment: Recent comparison pieces versus Ciena and other networking peers kept Arista in the spotlight, but these articles were largely valuation and relative-growth discussions rather than new company-specific catalysts. Ciena vs. Arista Networks: Which AI Networking Stock is the Better Buy?
• Negative Sentiment: Arista recently underperformed the market and fell more than 7% in the prior session, which may still be weighing on sentiment even after today’s AI-related optimism. Arista Networks (ANET) Registers a Bigger Fall Than the Market: Important Facts to Note

Hedge Funds Weigh In On Arista Networks

Several institutional investors and hedge funds have recently modified their holdings of ANET. Norges Bank acquired a new stake in Arista Networks in the 4th quarter worth approximately $1,558,563,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Arista Networks by 82.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock worth $1,396,939,000 after buying an additional 4,332,659 shares during the period. M&T Bank Corp grew its stake in Arista Networks by 3,182.7% in the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. raised its holdings in Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock worth $1,032,302,000 after acquiring an additional 2,934,098 shares during the period. Finally, Pictet Asset Management Holding SA raised its holdings in Arista Networks by 86.0% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after acquiring an additional 1,960,829 shares during the period. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

About Arista Networks

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.