Arista Networks (NYSE:ANET) Stock: Insider Jayshree Ullal Sells 62,622 Shares

Key Points

• CEO Jayshree Ullal sold 62,622 Arista Networks shares at an average price of $211.40, generating $13.24 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan, and she continues to own approximately 4.88 million shares.
• Arista reported quarterly EPS of $1.02 and revenue of $3.04 billion, exceeding analyst expectations, with revenue up 37.7% year over year. AI-related data-center networking demand remains a key growth catalyst.
• Despite a premium valuation, Wall Street remains bullish: the stock has a consensus “Buy” rating and an average price target of $230.74, compared with a recent price of $202.59.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 62,622 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $211.40, for a total transaction of $13,238,290.80. Following the sale, the chief executive officer directly owned 4,876,972 shares in the company, valued at approximately $1,030,991,880.80. This represents a 1.27% decrease in their position. The sale 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 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 value 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 transaction 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 transaction 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.
• On Friday, July 10th, Jayshree Ullal sold 234,578 shares of Arista Networks stock. The shares were 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 stock was sold at an average price of $188.17, for a total transaction of $45,616,547.74.

Arista Networks Price Performance

Arista Networks stock traded down $2.33 during mid-day trading on Tuesday, hitting $202.59. 4,536,056 shares of the company's stock traded hands, compared to its average volume of 4,543,458. The firm has a 50 day simple moving average of $191.97 and a two-hundred day simple moving average of $168.04. The stock has a market cap of $255.52 billion, a price-to-earnings ratio of 63.91, a P/E/G ratio of 2.43 and a beta of 1.62. Arista Networks, Inc. has a fifty-two week low of $114.52 and a fifty-two week high of $214.89.

Arista Networks (NYSE:ANET - Get Free Report) last issued 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 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 company's revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts anticipate that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in ANET. QRG Capital Management Inc. raised its holdings in Arista Networks by 181.2% in the 2nd quarter. QRG Capital Management Inc. now owns 523,202 shares of the technology company's stock worth $88,882,000 after purchasing an additional 337,133 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Arista Networks by 165.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 159,817 shares of the technology company's stock valued at $27,150,000 after buying an additional 99,707 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Arista Networks by 199.0% during the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company's stock worth $1,635,978,000 after buying an additional 6,409,612 shares during the period. Andra AP fonden lifted its holdings in Arista Networks by 106.2% during the 2nd quarter. Andra AP fonden now owns 515,400 shares of the technology company's stock worth $87,556,000 after buying an additional 265,400 shares in the last quarter. Finally, State Street Corp raised its position in Arista Networks by 159.4% in the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company's stock valued at $20,606,975,000 after purchasing an additional 74,541,134 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Arista Networks

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

• Positive Sentiment: AI networking demand remains the main bullish catalyst. Arista supplies high-speed switches and networking equipment that connect GPUs in large data centers operated by companies such as Microsoft and Meta. The articles argue that rapidly expanding AI clusters could make networking a durable competitive advantage, not merely a secondary beneficiary of the AI boom. Is AI Turning Networking Into Arista Network’s Next Big Moat?
• Positive Sentiment: Long-term growth expectations remain strong. One valuation analysis estimates substantial potential upside based on continued earnings growth, while another identifies Arista as a leading AI-infrastructure stock approaching a potential technical buy point. Its relative-strength line recently reached a new high, signaling continued investor interest despite recent market weakness. Arista: The Layer Beneath The Chips AI Stock Leader Arista Eyes Latest Buy Point With RS Line At New Highs
• Neutral Sentiment: Index inclusion did not produce an immediate boost. Arista’s addition to the S&P 100 could increase visibility and institutional demand over time, but the stock still softened around the announcement, suggesting investors may have already anticipated the move. Arista Networks stock falls after S&P 100 entry
• Neutral Sentiment: Investors are comparing Arista’s growth profile with more diversified technology companies. Arista is viewed as the faster-growing AI networking specialist, while IBM offers greater exposure to hybrid-cloud software and consulting. The comparison reinforces Arista’s growth appeal but also highlights its greater dependence on sustained AI spending. Arista Networks vs. International Business Machines
• Negative Sentiment: Valuation is the clearest near-term pressure. Arista trades at roughly 58–60 times trailing adjusted earnings, leaving little room for execution disappointments. Although projected 2026 and 2027 earnings make the valuation appear more reasonable, the stock’s premium multiple and recent market underperformance likely encouraged profit-taking. Is Arista Networks Stock As Expensive As It Looks?

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Needham & Company LLC reissued a "buy" rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Truist Financial raised 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a "buy" rating and a $220.00 price target for the company. Piper Sandler restated 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. 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 report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $230.74.

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.

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