Insider Selling: Arista Networks (NYSE:ANET) CFO Sells 612 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) CFO Chantelle Breithaupt sold 612 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $195.77, for a total transaction of $119,811.24. Following the transaction, the chief financial officer owned 69,921 shares in the company, valued at approximately $13,688,434.17. The trade was a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Up 2.7%

Shares of ANET stock traded up $5.03 on Thursday, reaching $191.13. The stock had a trading volume of 4,108,448 shares, compared to its average volume of 6,042,953. Arista Networks, Inc. has a 12 month low of $114.52 and a 12 month high of $214.89. The firm has a market capitalization of $241.06 billion, a price-to-earnings ratio of 60.29, a P/E/G ratio of 2.21 and a beta of 1.62. The firm’s 50-day moving average is $182.22 and its two-hundred day moving average is $159.92.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue for the quarter was up 37.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Institutional Trading of Arista Networks

Institutional investors and hedge funds have recently modified their holdings of the business. Main Street Group LTD bought a new position in Arista Networks in the first quarter valued at $26,000. Sankala Group LLC purchased a new stake in Arista Networks in the fourth quarter worth approximately $27,000. Prosperity Bancshares Inc bought a new position in Arista Networks during the fourth quarter valued at approximately $28,000. ABS Investment Management LLC purchased a new position in shares of Arista Networks during the second quarter worth approximately $29,000. Finally, Hilton Head Capital Partners LLC lifted its holdings in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after acquiring an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ANET. Morgan Stanley reissued an “overweight” rating and issued a $220.00 price objective (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Bank of America reiterated a “buy” rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $259.00 target price (up from $187.00) 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 assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Arista Networks currently has an average rating of “Buy” and an average price target of $225.76.

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.