Insider Selling: Arista Networks (NYSE:ANET) CEO Sells $97,640,721.66 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 460,374 shares of the business’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $212.09, for a total value of $97,640,721.66. Following the completion of the transaction, the chief executive officer directly owned 4,811,207 shares of the company’s stock, valued at approximately $1,020,408,892.63. This trade represents a 8.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jayshree Ullal also recently made the following trade(s):

• On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The shares were sold at an average price of $211.40, for a total transaction of $13,238,290.80.
• On Tuesday, August 25th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was sold at an average price of $191.79, for a total transaction of $2,648,428.11.
• On Wednesday, August 12th, Jayshree Ullal sold 573,509 shares of Arista Networks stock. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17.
• On Wednesday, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The shares were sold at an average price of $201.22, for a total transaction of $66,691,149.48.
• On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The stock was sold at an average price of $201.24, for a total value of $207,679.68.
• On Wednesday, August 5th, Jayshree Ullal sold 767,029 shares of Arista Networks stock. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38.
• On Friday, July 10th, Jayshree Ullal sold 234,578 shares of Arista Networks stock. The shares were sold at an average price of $187.18, for a total value of $43,908,310.04.

Arista Networks Stock Performance

Shares of Arista Networks stock traded down $4.95 during trading on Thursday, reaching $210.88. 4,874,947 shares of the company’s stock were exchanged, compared to its average volume of 4,931,878. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.32. The company has a market cap of $265.97 billion, a P/E ratio of 66.53, a PEG ratio of 2.54 and a beta of 1.60. The firm’s 50-day moving average price is $197.40 and its 200 day moving average price is $171.74.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.74 EPS for the current year.

Trending Headlines about Arista Networks

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

• Positive Sentiment: Arista launched an open Ethernet rack-scale portfolio designed for high-density AI infrastructure. The solutions support both scale-up and scale-out architectures, liquid-cooled deployments and improved resiliency, potentially expanding Arista’s role in data-center AI networks. The portfolio was developed with partners including AMD, Arm, Broadcom, Meta, Microsoft and Qualcomm. Arista Announces Rack-Scale Architectures for Scale-Up and Scale-Out AI Fabrics
• Positive Sentiment: Investment commentary continues to identify Arista as a potential beneficiary of the AI infrastructure boom. Its Ethernet products may gain market share as hyperscalers seek open, interoperable alternatives to proprietary networking systems and reduce vendor concentration. Arista Networks Could Be a Key Winner From the AI Infrastructure Boom
• Neutral Sentiment: The company’s recent operating performance remains strong: quarterly revenue increased 37.7% year over year to approximately $3.04 billion, while earnings exceeded expectations. Management’s outlook calls for roughly $1.06 to $1.08 in upcoming quarterly EPS, supporting the longer-term growth narrative.
• Negative Sentiment: After rising roughly 60% or more year to date and reaching a record near $217, Arista’s valuation is demanding, with a trailing P/E near 67. Analysts and investors are questioning whether continued AI growth can justify the premium, particularly amid customer concentration and potential margin pressure. Arista Stock Rises 64.7% YTD: Is There More Upside Ahead?
• Negative Sentiment: Zacks Research downgraded Arista from “strong buy” to “hold,” adding near-term pressure as the stock consolidates following its sharp advance. Arista Networks Stock Rating Lowered by Zacks Research

Analysts Set New Price Targets

Several brokerages have recently issued reports on ANET. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price target on shares of Arista Networks in a report on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, TD Cowen upped their price objective on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average price target of $235.45.

Institutional Trading of Arista Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Professional Advisory Services Inc. raised its position in Arista Networks by 30,144.5% during the 3rd quarter. Professional Advisory Services Inc. now owns 387,129 shares of the technology company’s stock worth $78,816,000 after purchasing an additional 385,849 shares during the last quarter. Green Alpha Advisors LLC increased its stake in shares of Arista Networks by 10.6% in the third quarter. Green Alpha Advisors LLC now owns 10,174 shares of the technology company’s stock valued at $2,071,000 after buying an additional 971 shares during the period. Hiley Hunt Wealth Management bought a new position in shares of Arista Networks during the third quarter worth about $1,743,000. Farther Finance Advisors LLC raised its position in shares of Arista Networks by 352.1% during the third quarter. Farther Finance Advisors LLC now owns 161,504 shares of the technology company’s stock worth $32,881,000 after acquiring an additional 125,784 shares during the last quarter. Finally, Sapient Capital LLC lifted its stake in shares of Arista Networks by 5.3% in the third quarter. Sapient Capital LLC now owns 4,849 shares of the technology company’s stock worth $987,000 after acquiring an additional 244 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.