Arista Networks (NYSE:ANET) CEO Jayshree Ullal Sells 13,809 Shares

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total transaction of $2,140,947.36. Following the transaction, the chief executive officer directly owned 9,917 shares of the company’s stock, valued at approximately $1,537,531.68. This trade represents a 58.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 shares were 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 transaction of $51,220,116.09.
• On Thursday, April 16th, Jayshree Ullal sold 350,000 shares of Arista Networks stock. The shares were sold at an average price of $159.32, for a total transaction of $55,762,000.00.
• On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The shares were sold at an average price of $150.11, for a total transaction of $16,934,209.32.

Arista Networks Trading Up 0.6%

NYSE:ANET traded up $0.90 during mid-day trading on Thursday, hitting $155.21. The stock had a trading volume of 7,163,902 shares, compared to its average volume of 12,550,265. The stock has a 50-day simple moving average of $147.06 and a two-hundred day simple moving average of $137.46. The company has a market capitalization of $195.44 billion, a PE ratio of 53.15, a PEG ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a twelve month low of $83.86 and a twelve month high of $179.80.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts predict that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. Morgan Stanley reiterated an “overweight” rating and issued a $180.00 price objective on shares of Arista Networks in a research report on Friday, May 1st. Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective on the stock in a research report on Friday, May 15th. Piper Sandler reiterated 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. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Finally, Barclays reissued an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $185.72.

Institutional Trading of Arista Networks

A number of institutional investors have recently modified their holdings of ANET. Cozad Asset Management Inc. boosted its holdings in Arista Networks by 35.4% in the 1st quarter. Cozad Asset Management Inc. now owns 9,146 shares of the technology company’s stock worth $1,123,000 after acquiring an additional 2,389 shares during the period. Allen Capital Group LLC purchased a new position in Arista Networks in the 1st quarter worth approximately $245,000. Summitry LLC purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $403,000. GKV Capital Management Co. Inc. boosted its stake in shares of Arista Networks by 3.0% during the 1st quarter. GKV Capital Management Co. Inc. now owns 47,251 shares of the technology company’s stock valued at $5,801,000 after buying an additional 1,385 shares during the last quarter. Finally, BankChampaign National Association purchased a new position in shares of Arista Networks during the 1st quarter valued at approximately $817,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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.