Jayshree Ullal Sells 428,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer owned 5,209,207 shares in the company, valued at $924,321,690.08. The trade was a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 value 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 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.
• 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 Performance

Shares of ANET stock opened at $176.76 on Friday. The stock’s fifty day moving average is $139.47 and its 200-day moving average is $137.26. The stock has a market capitalization of $222.57 billion, a PE ratio of 64.04, a PEG ratio of 3.03 and a beta of 1.48. Arista Networks, Inc. has a 52 week low of $76.01 and a 52 week high of $179.80.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, February 12th. The technology company reported $0.82 EPS for the quarter, topping 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%.The business’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, analysts forecast that Arista Networks, Inc. will post 3.17 earnings per share for the current fiscal year.

More Arista Networks News

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

• Positive Sentiment: Analysts and media highlight Arista as a direct beneficiary of Google’s new “Virgo” AI datacenter architecture; that narrative helped lift momentum and contributed to new highs. Arista poised to benefit from Google’s Virgo
• Positive Sentiment: Company/analyst commentary says Arista materially raised its AI‑networking market assumptions (effectively expanding the TAM), supporting higher forward multiples and investor willingness to pay a premium for AI exposure. Arista Doubles AI Networking Target
• Positive Sentiment: Street and research notes (Zacks and others) flag ANET as likely to top upcoming quarterly estimates as AI capex, 5G/fiber demand and datacenter upgrades lift networking spend — Q1 (May 5) is a potential catalyst for upgrades. 3 Telecom Stocks Likely to Surpass Q1 Earnings Estimates
• Positive Sentiment: Institutional accumulation and multiple analyst upgrades/price‑target increases have driven liquidity and momentum into ANET, reinforcing the current uptrend. MarketBeat Arista coverage and analyst targets
• Neutral Sentiment: Several bullish writeups recap Arista’s market share in high‑performance switching and AI networking; useful context for investors but reflect elevated expectations that increase the bar for surprises. Is Arista Networks, Inc. (ANET) A Good Stock To Buy Now?
• Negative Sentiment: Significant insider selling by CEO Jayshree Ullal (multiple pre‑arranged 10b5‑1 sales totaling tens of millions over recent days) is generating selling pressure and negative headlines despite being scheduled trades. Jayshree Ullal Sells 93,861 Shares
• Negative Sentiment: Additional insider dispositions (EVP and other executives) amplify perception of management profit‑taking and can increase short‑term volatility into the earnings date. Kenneth Duda SEC filing

Hedge Funds Weigh In On Arista Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intrua Financial LLC boosted its holdings in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after buying an additional 61 shares during the last quarter. Hoxton Planning & Management LLC boosted its holdings in Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after buying an additional 68 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its holdings in Arista Networks by 0.4% during the third quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company’s stock worth $2,697,000 after buying an additional 70 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Arista Networks by 0.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after buying an additional 70 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Arista Networks by 56.7% during the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after buying an additional 72 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANET has been the topic of several research analyst reports. TD Cowen initiated coverage on Arista Networks in a report on Thursday, March 12th. They set a “buy” rating and a $170.00 target price on the stock. Weiss Ratings upgraded Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, April 14th. Truist Financial assumed coverage on Arista Networks in a report on Tuesday, March 31st. They issued a “buy” rating and a $161.00 price target on the stock. Rosenblatt Securities upgraded Arista Networks from a “neutral” rating to a “buy” rating and raised their price target for the company from $165.00 to $180.00 in a report on Tuesday, April 7th. Finally, Wells Fargo & Company raised their price target on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $177.83.

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.