Arista Networks (NYSE:ANET) CFO Sells 612 Shares of Stock

Key Points

• Arista Networks CFO Chantelle Breithaupt sold 612 shares for approximately $119,811 under a pre-arranged Rule 10b5-1 trading plan, reducing her direct ownership by 0.87% to 69,921 shares.
• Arista shares rose 2.7% to $191.13, while the company reported quarterly EPS of $1.02 and revenue of $3.04 billion, beating analyst expectations and marking 37.7% year-over-year revenue growth.
• Wall Street remains bullish, with a consensus “Buy” rating and an average price target of $225.76; institutional investors own 82.47% of the company’s stock.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CFO Chantelle Breithaupt sold 612 shares of Arista Networks stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total value of $119,811.24. Following the completion of the sale, the chief financial officer directly owned 69,921 shares of the company's stock, valued at $13,688,434.17. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Up 2.7%

ANET stock traded up $5.03 during midday trading on Thursday, reaching $191.13. The stock had a trading volume of 4,108,448 shares, compared to its average volume of 6,042,953. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The firm has a market cap of $241.06 billion, a price-to-earnings ratio of 60.29, a PEG ratio of 2.21 and a beta of 1.62. The business has a fifty day simple moving average of $182.22 and a two-hundred day simple moving average of $159.92.

Arista Networks (NYSE:ANET - Get Free Report) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company's revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the topic of a number of analyst reports. Piper Sandler reissued an "overweight" rating and issued a $240.00 price target (up from $181.00) on shares of Arista Networks in a research note on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $225.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. UBS Group reissued a "buy" rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays restated an "overweight" rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Bank of America reissued a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $225.76.

Hedge Funds Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in ANET. Range Advisory LLC boosted its holdings in Arista Networks by 43.4% during the second quarter. Range Advisory LLC now owns 3,454 shares of the technology company's stock worth $587,000 after purchasing an additional 1,045 shares during the last quarter. Cornerstone Financial Management LLC lifted its position in Arista Networks by 61.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company's stock worth $31,000 after buying an additional 70 shares in the last quarter. Corient Private Wealth LP boosted its stake in shares of Arista Networks by 0.5% during the 2nd quarter. Corient Private Wealth LP now owns 233,278 shares of the technology company's stock worth $39,629,000 after buying an additional 1,131 shares during the last quarter. Formuepleje A S acquired a new position in shares of Arista Networks during the 2nd quarter worth about $1,466,000. Finally, Tucker Asset Management LLC grew its holdings in shares of Arista Networks by 3.5% in the 2nd quarter. Tucker Asset Management LLC now owns 2,971 shares of the technology company's stock valued at $505,000 after acquiring an additional 100 shares in the last quarter. 82.47% of the stock is 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.

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