Arista Networks (NYSE:ANET) CEO Jayshree Ullal Sells 350,000 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 350,000 shares of Arista Networks stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $159.32, for a total value of $55,762,000.00. Following the transaction, the chief executive officer owned 5,333,207 shares of the company’s stock, valued at $849,686,539.24. This trade represents a 6.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 13th, Jayshree Ullal sold 112,812 shares of Arista Networks stock. The stock was sold at an average price of $150.11, for a total value of $16,934,209.32.

Arista Networks Stock Up 1.6%

ANET stock opened at $166.87 on Tuesday. Arista Networks, Inc. has a twelve month low of $66.59 and a twelve month high of $167.90. The stock’s 50 day moving average is $136.70 and its 200-day moving average is $136.40. The firm has a market capitalization of $210.12 billion, a PE ratio of 60.46, a P/E/G ratio of 2.89 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.Arista Networks’s quarterly revenue was up 28.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 earnings per share. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ANET. Weiss Ratings upgraded shares of Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 14th. Needham & Company LLC boosted their price target on shares of Arista Networks from $165.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Barclays reaffirmed an “overweight” rating and issued a $184.00 price objective (up from $183.00) on shares of Arista Networks in a research report on Friday, February 13th. Evercore reiterated an “outperform” rating and issued a $200.00 price objective on shares of Arista Networks in a research note on Friday, February 13th. Finally, Truist Financial initiated coverage on shares of Arista Networks in a research report on Tuesday, March 31st. They set a “buy” rating and a $161.00 target price on the stock. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $177.83.

Key Headlines Impacting Arista Networks

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

• Positive Sentiment: Evercore added Arista to a tactical outperform list ahead of Q1 results, signaling analyst confidence in a beat‑and‑raise setup. This kind of institutional endorsement can lift sentiment into earnings. Evercore adds Arista Networks, IBM to tactical outperform list ahead of earnings
• Positive Sentiment: Coverage highlighting Arista as a top AI data‑center/networking beneficiary reinforces the growth narrative: Arista is viewed as a potential winner in the AI networking “war,” supporting higher forward multiples tied to AI spend. Arista Networks Inc. (ANET): Potential Winner of AI Networking War
• Positive Sentiment: Several pieces note Arista’s history of earnings surprises and the setup for another beat, which increases odds of an upward revision into the next report — a common catalyst for short‑term rallies. Will Arista Networks (ANET) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Analyst upgrade(s) have driven the stock to a new one‑year high and contributed to recent upside momentum. Upgrades ahead of earnings suggest expectations are tilting bullish. Arista Networks (NYSE:ANET) Sets New 1-Year High After Analyst Upgrade
• Neutral Sentiment: Coverage noting that ANET is a trending/buy candidate highlights retail and platform attention; this drives volume but is less definitive about fundamentals. Is Trending Stock Arista Networks, Inc. (ANET) a Buy Now?
• Negative Sentiment: Insider selling: a recent filing shows Yvonne Wassenaar sold 1,395 shares. While relatively small versus market cap, insider sales can be viewed unfavorably by some investors and add a note of caution. Yvonne Wassenaar Sells 1,395 Shares of Arista Networks (NYSE:ANET) Stock

Institutional Trading of Arista Networks

Several hedge funds have recently made changes to their positions in ANET. Brighton Jones LLC grew its stake in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after acquiring an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in Arista Networks in the 4th quarter valued at about $202,000. Bison Wealth LLC purchased a new stake in Arista Networks during the fourth quarter valued at about $251,000. Sivia Capital Partners LLC boosted its position in Arista Networks by 48.4% during the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after purchasing an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors.

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.