Arista Networks (NYSE:ANET) Stock Purchased Rep. Dan Newhouse

Representative Dan Newhouse (Republican-Washington) recently bought shares of Arista Networks, Inc. (NYSE:ANET). In a filing disclosed on July 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Arista Networks stock on July 10th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Costco Wholesale (NASDAQ:COST) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of UnitedHealth Group (NYSE:UNH) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Deere & Company (NYSE:DE) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Amcor (NYSE:AMCR) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Fortinet (NASDAQ:FTNT) on 7/10/2026.
• Sold $1,001 – $15,000 in shares of Magna International (NYSE:MGA) on 7/10/2026.
• Purchased $1,001 – $15,000 in shares of Accenture (NYSE:ACN) on 7/10/2026.

Arista Networks Stock Performance

Arista Networks stock opened at $169.17 on Tuesday. Arista Networks, Inc. has a 1 year low of $106.99 and a 1 year high of $189.82. The firm has a 50 day moving average price of $162.41 and a 200 day moving average price of $147.60. The company has a market cap of $213.02 billion, a price-to-earnings ratio of 57.94, a PEG ratio of 2.59 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s revenue 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. Sell-side analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on ANET shares. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Bank of America boosted their price target on Arista Networks from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. TD Cowen reiterated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Monday, July 13th. UBS Group restated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Finally, KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $188.95.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 234,578 shares of Arista Networks stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $187.18, for a total value of $43,908,310.04. Following the transaction, the chief executive officer owned 5,134,207 shares in the company, valued at approximately $961,020,866.26. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total value of $39,040,800.00. Following the completion of the transaction, the insider owned 182,043,048 shares in the company, valued at $29,612,942,618.16. The trade was a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 2,692,983 shares of company stock valued at $452,119,385. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Arista Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks during the fourth quarter valued at $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc acquired a new position in Arista Networks during the 4th quarter worth $28,000. Main Street Group LTD bought a new position in Arista Networks in the 1st quarter valued at about $26,000. Finally, Quarry LP bought a new position in Arista Networks during the 3rd quarter valued at $33,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.