Arista Networks (NYSE:ANET) Major Shareholder Andreas Bechtolsheim Sells 300,000 Shares

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $202.60, for a total value of $60,780,000.00. Following the completion of the transaction, the insider owned 180,843,048 shares in the company, valued at $36,638,801,524.80. The trade was a 0.17% decrease in their ownership of the stock. 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. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Andreas Bechtolsheim also recently made the following trade(s):

• On Thursday, August 6th, Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock. The shares were sold at an average price of $192.75, for a total value of $21,558,702.00.
• On Wednesday, August 5th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00.
• On Thursday, July 2nd, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The stock was sold at an average price of $162.67, for a total value of $39,040,800.00.
• On Wednesday, July 1st, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The stock was sold at an average price of $164.22, for a total value of $42,697,200.00.
• On Monday, June 15th, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00.
• 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 value of $34,744,600.00.
• On Thursday, June 4th, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The stock was sold at an average price of $163.06, for a total transaction of $39,134,400.00.

Arista Networks Trading Up 0.2%

Shares of ANET stock opened at $195.74 on Tuesday. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89. The firm’s fifty day simple moving average is $180.70 and its 200 day simple moving average is $158.88. The firm has a market capitalization of $246.87 billion, a P/E ratio of 61.75, a price-to-earnings-growth ratio of 2.02 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Institutional Trading of Arista Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lighthouse Financial Services Inc. ADV bought a new stake in Arista Networks during the fourth quarter worth about $1,549,000. Bensler LLC bought a new position in shares of Arista Networks in the fourth quarter valued at approximately $6,350,000. QRG Capital Management Inc. boosted its holdings in shares of Arista Networks by 6.4% in the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after acquiring an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. bought a new stake in Arista Networks during the 4th quarter worth approximately $3,058,000. Finally, Jefferies Financial Group Inc. increased its holdings in Arista Networks by 59.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after purchasing an additional 6,591 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of Arista Networks in a research report on Thursday, August 6th. Raymond James Financial raised 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. Finally, TD Cowen boosted their price objective on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and a consensus target price of $225.76.

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.