Arista Networks (NYSE:ANET) Major Shareholder Sells $43,048,200.00 in Stock

Posted by Teresa Graham on Jun 17th, 2026

Arista Networks, Inc. (NYSE:ANET – Get Free Report) major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider directly owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more 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, June 5th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00.
On Thursday, June 4th, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The shares were sold at an average price of $163.06, for a total transaction of $39,134,400.00.
On Tuesday, May 26th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $156.86, for a total transaction of $34,509,200.00.
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 Down 2.1%

Shares of ANET traded down $3.50 during trading hours on Wednesday, reaching $164.51. 6,214,587 shares of the stock traded hands, compared to its average volume of 8,334,179. The stock has a fifty day simple moving average of $156.12 and a 200 day simple moving average of $140.71. Arista Networks, Inc. has a 52 week low of $85.58 and a 52 week high of $179.80. The company has a market cap of $207.15 billion, a price-to-earnings ratio of 56.34, a PEG ratio of 2.59 and a beta of 1.61.

Arista Networks (NYSE:ANET – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share 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 analyst estimates of $2.62 billion. During the same period last year, the firm 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. Analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Key Headlines Impacting Arista Networks

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

Positive Sentiment: Arista continues to be highlighted as a beneficiary of AI infrastructure spending, with articles pointing to its role in data center networking and cloud connectivity as key growth drivers. Why Is Arista Networks Driving S&P 500 AI Infrastructure Growth?
Positive Sentiment: BofA Securities reportedly raised its price target on Arista Networks, which can support investor confidence in the stock’s longer-term outlook. BofA Securities Raises Price Target for Arista Networks (ANET)
Neutral Sentiment: Arista is drawing heavy investor attention after an 87% one-year gain, with some coverage questioning whether the stock’s rapid run has already priced in much of the optimism. Arista Networks (ANET) Stock After 87% Annual Gain Is It Time To Pause?
Neutral Sentiment: Arista was among the most searched stocks on Zacks, reflecting elevated investor interest but not necessarily a fundamental catalyst by itself. Investors Heavily Search Arista Networks, Inc. (ANET): Here is What You Need to Know
Negative Sentiment: Major shareholder Andreas Bechtolsheim sold 260,000 shares in a pre-arranged Rule 10b5-1 transaction, a move that can weigh on sentiment even though the sale was relatively small versus his total holdings. SEC filing for Andreas Bechtolsheim transaction
Negative Sentiment: Recent market coverage noted that ANET declined more than the broader market, reinforcing near-term selling pressure and profit-taking after its strong run. Arista Networks (ANET) Declines More Than Market: Some Information for Investors

Hedge Funds Weigh In On Arista Networks

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock worth $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp grew its stake in Arista Networks by 1.4% during the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after acquiring an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock valued at $4,870,618,000 after acquiring an additional 380,724 shares in the last quarter. Geode Capital Management LLC grew its stake in Arista Networks by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock valued at $3,455,095,000 after acquiring an additional 477,625 shares in the last quarter. Finally, Norges Bank purchased a new position in Arista Networks in the 4th quarter worth approximately $1,558,563,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America raised their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Raymond James Financial raised 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 research report on Friday, May 15th. Weiss Ratings lowered shares of Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $186.47.

Read Our Latest Stock Analysis on Arista Networks

About Arista Networks

(Get Free Report)

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.