Insider Selling: Arista Networks (NYSE:ANET) CEO Sells $45,616,547.74 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 242,422 shares of Arista Networks stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the transaction, the chief executive officer directly owned 5,171,095 shares of the company’s stock, valued at approximately $973,044,946.15. This represents a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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, July 10th, Jayshree Ullal sold 234,578 shares of Arista Networks stock. The stock was sold at an average price of $187.18, for a total value of $43,908,310.04.
• On Tuesday, May 26th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was 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 transaction 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 shares were sold at an average price of $167.31, for a total value 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 value of $55,762,000.00.

Arista Networks Stock Down 5.9%

ANET opened at $171.78 on Thursday. Arista Networks, Inc. has a 52 week low of $104.68 and a 52 week high of $189.82. The company has a market capitalization of $216.30 billion, a P/E ratio of 58.83, a PEG ratio of 2.81 and a beta of 1.60. The stock’s fifty day moving average is $160.69 and its two-hundred day moving average is $146.85.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $0.65 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Institutional Trading of Arista Networks

Several large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in Arista Networks during the 4th quarter worth about $1,558,563,000. M&T Bank Corp grew its holdings in Arista Networks by 3,182.7% during the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock worth $525,741,000 after acquiring an additional 3,890,146 shares during the period. Franklin Resources Inc. raised its position in Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after acquiring an additional 2,934,098 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock valued at $520,168,000 after acquiring an additional 1,960,829 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in Arista Networks in the fourth quarter valued at approximately $198,285,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ANET. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Needham & Company LLC reiterated a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. UBS Group reiterated 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. Rosenblatt Securities increased their price target on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Wolfe Research restated an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $188.16.

More Arista Networks News

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

• Positive Sentiment: Arista was upgraded by Erste Group Bank AG from hold to buy, adding to the bullish analyst backdrop around the stock. Finviz
• Positive Sentiment: Recent coverage continues to position ANET as an AI networking winner, citing strong demand for data-center networking gear, healthy order backlogs, and long-term growth tied to AI infrastructure spending. UBS sees data center investments to drive demand but supply constraints persist
• Positive Sentiment: Arista is also being highlighted in lists of leading AI picks and infrastructure stocks, reinforcing investor confidence in its role in the AI buildout. Arista, Seagate and Astera Lead AI Picks
• Positive Sentiment: Technical commentary says the stock has been looking strong and setting new all-time highs, which can attract momentum buyers. Arista Networks stock looks technically strong as it sets new all-time highs
• Neutral Sentiment: Investors are also waiting for Arista’s Q2 2026 earnings report, with expectations centered on whether AI demand and revenue guidance stay strong. What to expect from Arista Networks’ Q2 2026 earnings report
• Neutral Sentiment: CEO Jayshree Ullal sold more than 234,000 shares in a pre-arranged 10b5-1 plan; the sale is routine, but large insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Some commentary notes supply-chain constraints could limit how quickly Arista converts strong AI orders into revenue, creating a potential near-term headwind. Arista Networks (ANET) Is Up 9.7% After Boosting 2024 Revenue Outlook On Surging AI Demand

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.