Arista Networks (NYSE:ANET) Stock: Insider Jayshree Ullal Sells 27,990 Shares

Key Points

• CEO Jayshree Ullal sold 27,990 Arista Networks shares at an average price of $217.05, generating approximately $6.1 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced her ownership by 0.58%.
• Ullal has made several additional sales recently, including more than 687,000 shares worth roughly $147 million across October 6–9, while retaining 4.79 million shares valued at about $1.04 billion.
• Arista shares fell 3.1% to $204.34, but analysts remain positive, with a “Moderate Buy” consensus and an average price target of $235.45. The company recently exceeded quarterly earnings and revenue estimates, with revenue rising 37.7% year over year.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 27,990 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $217.05, for a total transaction of $6,075,229.50. Following the sale, the chief executive officer owned 4,793,347 shares in the company, valued at $1,040,395,966.35. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Friday, October 9th, Jayshree Ullal sold 130,553 shares of Arista Networks stock. The shares were sold at an average price of $217.10, for a total transaction of $28,343,056.30.
• On Wednesday, October 7th, Jayshree Ullal sold 96,992 shares of Arista Networks stock. The shares were sold at an average price of $217.14, for a total transaction of $21,060,842.88.
• On Tuesday, October 6th, Jayshree Ullal sold 460,374 shares of Arista Networks stock. The stock was sold at an average price of $212.09, for a total transaction of $97,640,721.66.
• On Friday, September 25th, Jayshree Ullal sold 62,622 shares of Arista Networks stock. The stock was sold at an average price of $211.40, for a total transaction of $13,238,290.80.
• On Tuesday, August 25th, Jayshree Ullal sold 13,809 shares of Arista Networks stock. The stock was sold at an average price of $191.79, for a total transaction of $2,648,428.11.
• On Wednesday, August 12th, Jayshree Ullal sold 573,509 shares of Arista Networks stock. The shares were sold at an average price of $208.13, for a total transaction of $119,364,428.17.
• On Wednesday, August 5th, Jayshree Ullal sold 331,434 shares of Arista Networks stock. The shares were sold at an average price of $201.22, for a total value of $66,691,149.48.
• On Wednesday, August 5th, Jayshree Ullal sold 1,032 shares of Arista Networks stock. The stock was 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 transaction of $154,341,575.38.

Arista Networks Trading Down 3.1%

Shares of Arista Networks stock traded down $6.54 during trading hours on Tuesday, reaching $204.34. 7,980,932 shares of the company's stock were exchanged, compared to its average volume of 4,906,526. The company has a 50 day moving average of $198.89 and a two-hundred day moving average of $173.36. The stock has a market cap of $257.72 billion, a P/E ratio of 66.73, a P/E/G ratio of 2.45 and a beta of 1.60. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $217.41.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The business's quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, analysts expect that Arista Networks, Inc. will post 3.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arista Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mechanics Bank Trust Department bought a new position in Arista Networks in the 3rd quarter valued at about $875,000. Lineweaver Wealth Advisors LLC lifted its position in Arista Networks by 3.8% during the third quarter. Lineweaver Wealth Advisors LLC now owns 9,240 shares of the technology company's stock worth $1,881,000 after acquiring an additional 336 shares during the last quarter. Forvis Mazars Wealth Advisors LLC acquired a new stake in Arista Networks during the third quarter worth approximately $2,006,000. Accel Wealth Management boosted its holdings in shares of Arista Networks by 337.3% during the third quarter. Accel Wealth Management now owns 9,555 shares of the technology company's stock worth $1,945,000 after acquiring an additional 7,370 shares during the period. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Arista Networks by 66,459.7% during the third quarter. Contravisory Investment Management Inc. now owns 44,595 shares of the technology company's stock worth $9,079,000 after acquiring an additional 44,528 shares during the period. 82.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ANET shares. Sanford C. Bernstein initiated coverage on shares of Arista Networks in a research note on Wednesday, September 30th. They issued an "outperform" rating and a $250.00 target price for the company. Rosenblatt Securities lifted their price target on Arista Networks from $210.00 to $280.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Needham & Company LLC reissued a "buy" rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reissued an "overweight" rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Truist Financial upped their price objective on Arista Networks from $175.00 to $234.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $235.45.

Key Arista Networks News

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

• Positive Sentiment: Arista introduced an open Ethernet rack-scale portfolio designed to connect accelerators across liquid-cooled racks for large AI workloads. The launch strengthens its positioning in high-density AI infrastructure and could expand its addressable market. Arista Networks Stock Dropped, What Is Behind the Fresh Attention?
• Positive Sentiment: Erste Group Bank raised its Arista Networks FY2026 EPS estimate to $3.79 from $3.78 and its FY2027 estimate to $4.74 from $4.73, while maintaining a Buy rating. The increases are modest but reinforce expectations for continued earnings growth.
• Positive Sentiment: Arista’s revenue outlook was reportedly raised for the third time this year, while non-cancellable purchase commitments increased 2.7 times to $9.7 billion, suggesting strong customer demand and future visibility. Arista Networks Prospects and Earnings

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.