Arista Networks (NYSE:ANET) CEO Jayshree Ullal Sells 242,422 Shares

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 242,422 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $188.17, for a total value of $45,616,547.74. Following the sale, the chief executive officer owned 5,171,095 shares of the company’s stock, valued at $973,044,946.15. This trade represents a 4.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The shares were sold at an average price of $155.04, for a total value of $2,140,947.36.
• On Wednesday, April 22nd, Jayshree Ullal sold 428,000 shares of Arista Networks stock. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00.
• On Tuesday, April 21st, Jayshree Ullal sold 93,861 shares of Arista Networks stock. The stock was sold at an average price of $168.57, for a total transaction of $15,822,148.77.
• On Monday, April 20th, Jayshree Ullal sold 306,139 shares of Arista Networks stock. The stock was sold at an average price of $167.31, for a total transaction of $51,220,116.09.
• On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The stock was sold at an average price of $159.32, for a total transaction of $55,762,000.00.

Arista Networks Price Performance

Shares of ANET stock opened at $181.17 on Tuesday. The firm has a 50-day moving average of $159.96 and a 200-day moving average of $146.20. Arista Networks, Inc. has a one year low of $104.68 and a one year high of $189.82. The company has a market cap of $228.13 billion, a P/E ratio of 62.04, a P/E/G ratio of 2.88 and a beta of 1.60.

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. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Arista Networks by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after purchasing an additional 1,188,799 shares in the last quarter. State Street Corp raised its stake in shares of Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock valued at $6,154,570,000 after purchasing an additional 628,146 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Arista Networks by 1.0% during 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 purchasing an additional 380,724 shares in the last quarter. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 477,625 shares in the last quarter. Finally, Norges Bank bought a new position in Arista Networks in the 4th quarter worth about $1,558,563,000. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

More Arista Networks News

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

• Positive Sentiment: Analysts and market commentary continue to highlight Arista’s AI networking portfolio, strong cloud demand, and 35% revenue growth as drivers that could support more upside ahead.
• Positive Sentiment: Arista was included in a “high-growth wide-moat” stock list, reinforcing investor confidence in its competitive positioning and long-term growth outlook.
• Neutral Sentiment: A recent comparison note on enterprise AI stocks said Workday may offer more upside than Arista right now because of its lower valuation and improving earnings estimates, which may temper enthusiasm for ANET.
• Neutral Sentiment: The company’s CEO, Jayshree Ullal, sold 242,422 shares in a pre-arranged 10b5-1 plan. While the sale was disclosed and routine, large insider selling can sometimes weigh on sentiment. SEC filing
• Negative Sentiment: Arista Networks has also been cited as moving down more than the broader market in recent trading, reflecting near-term weakness despite its strong fundamentals.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $185.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Arista Networks currently has an average rating of “Buy” and an average target price of $188.16.

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.