Kenneth Duda Sells 30,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. This represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, November 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $128.61, for a total transaction of $3,343,860.00.
• On Friday, October 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $142.75, for a total transaction of $3,711,500.00.
• On Friday, October 17th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The stock was sold at an average price of $142.75, for a total value of $4,282,500.00.
• On Wednesday, September 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $141.80, for a total value of $3,686,800.00.
• On Wednesday, September 17th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The stock was sold at an average price of $141.79, for a total value of $4,253,700.00.

Arista Networks Price Performance

ANET traded up $1.17 during trading on Wednesday, hitting $124.62. The stock had a trading volume of 7,682,786 shares, compared to its average volume of 10,019,581. The company has a 50 day moving average price of $145.01 and a 200-day moving average price of $122.56. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The firm has a market cap of $156.93 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The company had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The company’s revenue was up 27.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the subject of a number of recent research reports. Needham & Company LLC boosted their price objective on shares of Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. The Goldman Sachs Group lifted their price target on shares of Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their price target on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Rosenblatt Securities restated a “neutral” rating and set a $140.00 price objective on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, UBS Group upped their target price on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 100,000,830 shares of the technology company’s stock valued at $14,571,121,000 after purchasing an additional 1,007,730 shares during the last quarter. State Street Corp boosted its stake in Arista Networks by 0.5% in the third quarter. State Street Corp now owns 46,342,551 shares of the technology company’s stock valued at $6,752,573,000 after buying an additional 245,976 shares in the last quarter. Cresset Asset Management LLC grew its position in Arista Networks by 1.0% in the second quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company’s stock valued at $2,698,362,000 after acquiring an additional 263,272 shares during the last quarter. Geode Capital Management LLC grew its position in Arista Networks by 0.5% in the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock valued at $2,606,694,000 after acquiring an additional 128,977 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Arista Networks by 9.0% during the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock worth $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.