Chantelle Yvette Breithaupt Sells 2,448 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) CFO Chantelle Yvette Breithaupt sold 2,448 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $10,112,056. The trade was a 3.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Stock 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 firm has a market cap of $195.44 billion, a P/E ratio of 53.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.67. The stock’s fifty day moving average is $147.06 and its 200 day moving average is $137.46. Arista Networks, Inc. has a one year low of $83.86 and a one year high of $179.80.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Morgan Stanley reiterated an “overweight” rating and set a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Needham & Company LLC reiterated a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, UBS Group reiterated a “buy” rating and set a $187.00 target price (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arista Networks presently has an average rating of “Buy” and an average target price of $185.72.

Hedge Funds Weigh In On Arista Networks

Large investors have recently modified their holdings of the company. Board of the Pension Protection Fund bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $26,000. Main Street Group LTD purchased a new position in shares of Arista Networks during the 1st quarter valued at $26,000. Sankala Group LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks during the 4th quarter valued at $28,000. Finally, Knuff & Co LLC purchased a new position in shares of Arista Networks during the 3rd quarter valued at $29,000. 82.47% of the stock is currently owned by 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.