Arista Networks (NYSE:ANET) Insider Sells $4,820,920.00 in Stock

Arista Networks, Inc. (NYSE:ANET) insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $185.42, for a total transaction of $4,820,920.00. Following the completion of the sale, the insider owned 452,400 shares in the company, valued at approximately $83,884,008. This trade represents a 5.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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 transaction of $3,213,884.86.
• On Monday, July 20th, Kenneth Duda sold 17,333 shares of Arista Networks stock. The shares were 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 value of $4,433,260.00.
• On Monday, June 22nd, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $171.42, for a total transaction of $4,456,920.00.
• On Monday, June 22nd, Kenneth Duda sold 17,333 shares of Arista Networks stock. The shares were sold at an average price of $171.42, for a total transaction of $2,971,222.86.

Arista Networks Price Performance

Shares of ANET stock traded down $0.41 during mid-day trading on Monday, hitting $188.24. The stock had a trading volume of 5,306,232 shares, compared to its average volume of 8,538,842. The firm’s 50-day moving average is $177.57 and its two-hundred day moving average is $156.40. The firm has a market capitalization of $237.42 billion, a P/E ratio of 59.38, a price-to-earnings-growth ratio of 1.95 and a beta of 1.60. Arista Networks, Inc. has a 12-month low of $114.52 and a 12-month high of $214.89.

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, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The firm’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.

Institutional Investors Weigh In On Arista Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in shares of Arista Networks by 17,042.6% in the second quarter. California State Teachers Retirement System now owns 272,793,984 shares of the technology company’s stock valued at $46,342,242,000 after purchasing an additional 271,202,666 shares during the period. Vanguard Group Inc. lifted its stake in Arista Networks by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after buying an additional 1,188,799 shares in the last quarter. State Street Corp boosted its holdings in Arista Networks by 1.4% in the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after buying an additional 628,146 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Arista Networks by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after buying an additional 477,625 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ANET shares. Weiss Ratings downgraded shares of Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Wells Fargo & Company reissued an “overweight” rating and set a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen boosted their target price on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Bank of America reiterated a “buy” rating and issued a $240.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $226.05.

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.