Jayshree Ullal Sells 573,509 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 573,509 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $5,203,250. This represents a 95.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The stock was sold at an average price of $201.22, for a total transaction of $66,691,149.48.
• On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The shares were sold at an average price of $201.24, for a total value of $207,679.68.
• On Wednesday, August 5th, Jayshree Ullal sold 767,029 shares of Arista Networks stock. The stock was sold at an average price of $201.22, for a total value of $154,341,575.38.
• 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 Thursday, July 9th, Jayshree Ullal sold 242,422 shares of Arista Networks stock. The shares were sold at an average price of $188.17, for a total value of $45,616,547.74.
• 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.

Arista Networks Price Performance

NYSE:ANET traded down $4.71 during mid-day trading on Friday, reaching $198.91. The company’s stock had a trading volume of 4,704,787 shares, compared to its average volume of 8,624,520. The stock has a market cap of $250.87 billion, a P/E ratio of 62.75, a P/E/G ratio of 2.18 and a beta of 1.60. The company’s fifty day simple moving average is $173.19 and its two-hundred day simple moving average is $154.41. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ANET. Main Street Group LTD acquired a new stake in shares of Arista Networks in the first quarter worth $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter valued at $27,000. Prosperity Bancshares Inc purchased a new stake in Arista Networks during the 4th quarter worth $28,000. Hilton Head Capital Partners LLC boosted its position in Arista Networks by 184.9% during the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after purchasing an additional 159 shares during the period. Finally, NBT Bank N A NY increased its holdings in Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after purchasing an additional 67 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on ANET. TD Cowen increased their price target on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. KeyCorp reissued an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Arista Networks in a report on Thursday, August 6th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Truist Financial lifted their target price on Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $226.05.

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.