Andreas Bechtolsheim Sells 111,848 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 111,848 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $192.75, for a total transaction of $21,558,702.00. Following the transaction, the insider directly owned 109,833 shares of the company’s stock, valued at $21,170,310.75. This represents a 50.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 transactions with the SEC.

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

• On Wednesday, August 5th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The stock was 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 shares were 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 shares were 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 stock was 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 stock was 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 Stock Performance

ANET stock traded up $2.42 during trading on Monday, reaching $191.09. 5,430,330 shares of the company were exchanged, compared to its average volume of 8,661,585. The stock’s 50 day moving average price is $170.89 and its 200 day moving average price is $152.48. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a market cap of $241.01 billion, a P/E ratio of 60.28, a PEG ratio of 2.17 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the company posted $0.73 earnings per share. The firm’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.33 EPS for the current year.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently bought and sold shares of the stock. Lighthouse Financial Services Inc. ADV purchased a new stake in shares of Arista Networks during the fourth quarter valued at $1,549,000. Bensler LLC purchased a new position in Arista Networks in the 4th quarter worth about $6,350,000. QRG Capital Management Inc. increased its stake in 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 purchasing an additional 10,217 shares in the last quarter. Reaves W H & Co. Inc. acquired a new stake in Arista Networks during the 4th quarter worth about $3,058,000. Finally, Jefferies Financial Group Inc. lifted its stake in Arista Networks by 59.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after buying an additional 6,591 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $240.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group reissued a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price target on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial lifted their price target on Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $226.05.

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.