Insider Selling: Arista Networks (NYSE:ANET) Insider Sells $5,291,000.00 in Stock

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 26,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $5,291,000.00. Following the transaction, the insider directly owned 442,400 shares of the company’s stock, valued at approximately $90,028,400. This represents a 5.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kenneth Duda also recently made the following trade(s):

• On Monday, September 21st, Kenneth Duda sold 17,333 shares of Arista Networks stock. The stock was sold at an average price of $203.50, for a total transaction of $3,527,265.50.
• On Thursday, August 20th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $185.42, for a total value of $4,820,920.00.
• On Thursday, August 20th, Kenneth Duda sold 17,333 shares of Arista Networks stock. The shares were sold at an average price of $185.42, for a total value of $3,213,884.86.
• On Monday, July 20th, Kenneth Duda sold 17,333 shares of Arista Networks stock. The stock was sold at an average price of $170.51, for a total transaction of $2,955,449.83.
• On Monday, July 20th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $170.51, for a total transaction of $4,433,260.00.

Arista Networks Stock Down 0.9%

Shares of NYSE ANET traded down $1.95 during mid-day trading on Wednesday, hitting $203.25. 3,965,779 shares of the company were exchanged, compared to its average volume of 4,796,888. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $214.89. The firm has a market cap of $256.34 billion, a price-to-earnings ratio of 64.12, a price-to-earnings-growth ratio of 2.44 and a beta of 1.62. The stock has a 50 day simple moving average of $189.19 and a 200-day simple moving average of $166.13.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business posted $0.73 earnings per share. The business’s 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. Analysts anticipate that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group reiterated a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial upped their price target on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Wolfe Research reissued an “outperform” rating and issued a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Two analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $227.80.

Institutional Investors Weigh In On Arista Networks

Large investors have recently bought and sold shares of the stock. Cura Wealth Advisors LLC raised its stake in shares of Arista Networks by 3.1% in the 2nd quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after acquiring an additional 52 shares during the period. Madison Wealth Partners Inc increased its holdings in Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after purchasing an additional 60 shares in the last quarter. Intrua Financial LLC increased its holdings in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after purchasing an additional 61 shares in the last quarter. Shepherd Financial Partners LLC raised its position in Arista Networks by 1.2% in the second quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after purchasing an additional 66 shares during the period. Finally, NBT Bank N A NY raised its position in Arista Networks by 37.2% in the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.