Arista Networks (NYSE:ANET) CEO Sells $185,319,098.64 in Stock

Key Points

• Arista Networks CEO Jayshree Ullal sold $185.3 million in stock, reducing her ownership by 18.82% to approximately 5.38 million shares.
• The company’s stock price recently fell 8.9%, trading at $139.35, with a market cap of $175.14 billion.
• Arista Networks reported a 30.4% increase in revenue year-over-year, reaching $2.20 billion, and exceeded earnings expectations for the last quarter.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer directly owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 8th, Jayshree Ullal sold 56,548 shares of Arista Networks stock. The stock was sold at an average price of $143.56, for a total transaction of $8,118,030.88.
• On Friday, September 5th, Jayshree Ullal sold 438,764 shares of Arista Networks stock. The stock was sold at an average price of $143.84, for a total transaction of $63,111,813.76.
• On Monday, August 25th, Jayshree Ullal sold 24,040 shares of Arista Networks stock. The shares were sold at an average price of $132.77, for a total transaction of $3,191,790.80.
• On Friday, August 8th, Jayshree Ullal sold 192,979 shares of Arista Networks stock. The stock was sold at an average price of $139.67, for a total transaction of $26,953,376.93.
• On Thursday, August 7th, Jayshree Ullal sold 345,856 shares of Arista Networks stock. The stock was sold at an average price of $139.93, for a total transaction of $48,395,630.08.
• On Wednesday, August 6th, Jayshree Ullal sold 1,785,165 shares of Arista Networks stock. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30.
• On Thursday, July 31st, Jayshree Ullal sold 880,180 shares of Arista Networks stock. The shares were sold at an average price of $124.79, for a total transaction of $109,837,662.20.
• On Wednesday, July 30th, Jayshree Ullal sold 288,820 shares of Arista Networks stock. The stock was sold at an average price of $122.19, for a total transaction of $35,290,915.80.
• On Tuesday, July 29th, Jayshree Ullal sold 588,000 shares of Arista Networks stock. The shares were sold at an average price of $119.15, for a total transaction of $70,060,200.00.
• On Monday, July 28th, Jayshree Ullal sold 527,302 shares of Arista Networks stock. The stock was sold at an average price of $115.59, for a total transaction of $60,950,838.18.

Arista Networks Stock Down 8.9%

ANET traded down $13.69 during trading on Friday, reaching $139.35. The company's stock had a trading volume of 17,882,765 shares, compared to its average volume of 7,918,403. The company has a market cap of $175.14 billion, a price-to-earnings ratio of 62.28, a PEG ratio of 3.60 and a beta of 1.50. The firm has a fifty day simple moving average of $126.11 and a two-hundred day simple moving average of $99.86. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company's quarterly revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of recent analyst reports. Rosenblatt Securities boosted their target price on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday. Wells Fargo & Company upped their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday. Redburn Atlantic began coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective on the stock. Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $157.56.

Hedge Funds Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently made changes to their positions in ANET. Vanguard Group Inc. increased its position in Arista Networks by 1.2% during the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock worth $10,127,984,000 after buying an additional 1,136,167 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Arista Networks by 1.0% in the second quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company's stock valued at $2,698,362,000 after purchasing an additional 263,272 shares during the period. Geode Capital Management LLC increased its holdings in shares of Arista Networks by 0.5% in the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company's stock valued at $2,606,694,000 after purchasing an additional 128,977 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Arista Networks by 9.0% in the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Arista Networks in the first quarter valued at approximately $933,626,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.