Andreas Bechtolsheim Sells 260,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $164.22, for a total value of $42,697,200.00. Following the completion of the sale, the insider directly owned 182,283,048 shares of the company’s stock, valued at $29,934,522,142.56. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 stock are required to disclose their transactions with the SEC.

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

• 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 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 shares were 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 stock was 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 stock was sold at an average price of $151.74, for a total transaction of $31,106,700.00.

Arista Networks Price Performance

Shares of ANET traded up $13.30 on Monday, reaching $173.29. The company’s stock had a trading volume of 8,498,611 shares, compared to its average volume of 8,764,199. The stock’s 50 day simple moving average is $159.07 and its two-hundred day simple moving average is $144.04. The stock has a market capitalization of $218.21 billion, a P/E ratio of 59.35, a PEG ratio of 2.47 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $100.33 and a 12-month high of $179.80.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

ANET has been the topic of several analyst reports. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. KeyCorp reiterated an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Barclays restated an “overweight” rating and set a $195.00 target price (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Finally, Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $187.63.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks in the fourth quarter worth approximately $26,000. Main Street Group LTD purchased a new stake in Arista Networks in the first quarter worth $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks during the fourth quarter worth $27,000. Prosperity Bancshares Inc bought a new stake in shares of Arista Networks during the fourth quarter worth $28,000. Finally, Knuff & Co LLC purchased a new stake in shares of Arista Networks during the third quarter valued at $29,000. 82.47% of the stock is 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.