Arista Networks (NYSE:ANET) Major Shareholder Sells $34,509,200.00 in Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the completion of the sale, the insider owned 182,803,048 shares in the company, valued at approximately $28,674,486,109.28. This represents a 0.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large 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, May 22nd, Andreas Bechtolsheim sold 205,000 shares of Arista Networks stock. The stock was sold at an average price of $151.74, for a total value of $31,106,700.00.

Arista Networks Stock Performance

Shares of ANET traded up $0.90 during trading hours on Thursday, hitting $155.21. The stock had a trading volume of 7,163,902 shares, compared to its average volume of 12,550,265. The company’s fifty day simple moving average is $147.06 and its 200 day simple moving average is $137.46. Arista Networks, Inc. has a 12-month low of $83.86 and a 12-month high of $179.80. The firm has a market cap of $195.44 billion, a P/E ratio of 53.15, a P/E/G ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter 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. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

ANET has been the subject of several analyst reports. Evercore reiterated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research report on Friday, February 13th. KeyCorp reiterated an “overweight” rating and set a $178.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Friday, February 13th. Barclays reiterated an “overweight” rating and set a $195.00 price objective (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $185.72.

Hedge Funds Weigh In On Arista Networks

Institutional investors and hedge funds have recently modified their holdings of the stock. Lighthouse Financial Services Inc. ADV purchased a new position in shares of Arista Networks during the 4th quarter valued at $1,549,000. Bensler LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at $6,350,000. QRG Capital Management Inc. grew its holdings in shares of Arista Networks by 6.4% during the 4th quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock valued at $22,224,000 after acquiring an additional 10,217 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Arista Networks by 38.3% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 662,139 shares of the technology company’s stock worth $96,480,000 after purchasing an additional 183,515 shares in the last quarter. Finally, Czech National Bank boosted its holdings in Arista Networks by 4.0% in the fourth quarter. Czech National Bank now owns 272,284 shares of the technology company’s stock worth $35,677,000 after purchasing an additional 10,525 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

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.