Rep. Dan Newhouse Buys Shares of Arista Networks, Inc. (NYSE:ANET)

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 Trading Up 4.1%

Shares of NYSE ANET traded up $6.89 during mid-day trading on Tuesday, hitting $176.24. The company had a trading volume of 1,325,333 shares, compared to its average volume of 8,674,987. Arista Networks, Inc. has a 1 year low of $106.99 and a 1 year high of $189.82. The company has a market capitalization of $221.92 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 2.59 and a beta of 1.60. The stock’s 50-day moving average price is $162.41 and its 200-day moving average price is $147.60.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. Arista Networks’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jayshree Ullal sold 234,578 shares of the firm’s 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. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider directly owned 182,043,048 shares of the company’s stock, valued at $29,612,942,618.16. The trade was a 0.13% decrease in their position. 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. In the last 90 days, insiders sold 2,692,983 shares of company stock worth $452,119,385. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Hedge funds and other institutional investors have recently modified their holdings of the company. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks in the 4th quarter valued at $26,000. Main Street Group LTD bought a new stake in Arista Networks in the first quarter worth $26,000. Sankala Group LLC purchased a new stake in Arista Networks during the fourth quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks during the fourth quarter valued at about $28,000. Finally, Ameliora Wealth Management Ltd. bought a new position in shares of Arista Networks during the fourth quarter valued at about $30,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks News Summary

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista announced a new AI-driven Edge Threat Management offering for VeloCloud SD-WAN, adding zero-trust security for branch offices and expanding its enterprise networking and security footprint. Arista Networks Introduces AI-Driven Zero Trust Branch
• Positive Sentiment: Recent Zacks coverage highlighted Arista’s strong earnings surprise history and said the company has the ingredients to beat estimates again, which can support sentiment ahead of its next report. Will Arista Networks (ANET) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Another Zacks note said ANET is drawing unusual investor attention as a trending stock, reflecting elevated market interest that can help keep momentum in the shares. Here is What to Know Beyond Why Arista Networks, Inc. (ANET) is a Trending Stock
• Neutral Sentiment: A Trefis analysis pointed to Arista’s large purchase commitments and halted buybacks, suggesting management is prioritizing long-term growth over near-term capital returns; investors may view that as either a growth positive or a cash-flow risk. How Much Upside Can ANET Stock’s Growth Deliver?

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ANET shares. Deutsche Bank Aktiengesellschaft raised Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $200.00 price target (up from $185.00) on shares of Arista Networks in a report on Thursday. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target for the company in a research report on Friday, May 15th. UBS Group restated a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $210.00 target price (up from $200.00) on shares of Arista Networks in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $188.95.

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.