Insider Selling: Arista Networks (NYSE:ANET) CEO Sells 24,040 Shares of Stock

Key Points

• Arista Networks CEO Jayshree Ullal sold 24,040 shares on August 25th for approximately $3.19 million, reducing her ownership in the company by 70.80%.
• The stock price of Arista Networks has seen a 0.7% decline recently, with its current trading value at $133.29 and a market capitalization of $167.52 billion.
• Arista Networks reported a strong quarterly earnings result with an EPS of $0.73, surpassing estimates and reflecting a 30.4% year-over-year revenue increase.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 24,040 shares of the business's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $132.77, for a total transaction of $3,191,790.80. Following the sale, the chief executive officer owned 9,917 shares in the company, valued at $1,316,680.09. This trade represents a 70.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $243,175,176.30.
• On Thursday, July 31st, Jayshree Ullal sold 880,180 shares of Arista Networks stock. The stock was 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 stock was 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.
• On Friday, July 25th, Jayshree Ullal sold 60,698 shares of Arista Networks stock. The shares were sold at an average price of $115.02, for a total transaction of $6,981,483.96.
• On Monday, June 30th, Jayshree Ullal sold 748,444 shares of Arista Networks stock. The shares were sold at an average price of $102.43, for a total transaction of $76,663,118.92.
• On Monday, June 30th, Jayshree Ullal sold 93,468 shares of Arista Networks stock. The shares were sold at an average price of $102.43, for a total transaction of $9,573,927.24.

Arista Networks Stock Down 0.7%

Arista Networks stock traded down $0.98 during mid-day trading on Wednesday, hitting $133.29. The company had a trading volume of 6,259,279 shares, compared to its average volume of 9,821,255. The stock has a market cap of $167.52 billion, a price-to-earnings ratio of 52.42, a PEG ratio of 3.16 and a beta of 1.37. Arista Networks, Inc. has a 1 year low of $59.43 and a 1 year high of $141.99. The business has a fifty day moving average of $115.52 and a 200 day moving average of $97.04.

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

Arista Networks announced that its board has authorized a stock buyback plan on Tuesday, May 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock valued at $10,127,984,000 after acquiring an additional 1,136,167 shares during the period. Cresset Asset Management LLC lifted its holdings in Arista Networks by 277.5% in the fourth quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company's stock valued at $3,016,207,000 after acquiring an additional 20,059,303 shares during the period. Geode Capital Management LLC lifted its holdings in 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 acquiring an additional 128,977 shares during the period. Alliancebernstein L.P. lifted its holdings in 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 acquiring an additional 1,889,198 shares during the period. Finally, Nuveen LLC acquired a new stake in Arista Networks in the first quarter valued at $933,626,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ANET shares. BNP Paribas downgraded Arista Networks from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. Redburn Atlantic started coverage on Arista Networks in a report on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price objective for the company. Evercore ISI set a $150.00 price objective on Arista Networks and gave the company an "outperform" rating in a report on Wednesday, August 6th. Morgan Stanley increased their price target on Arista Networks from $120.00 to $125.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wedbush began coverage on Arista Networks in a report on Wednesday, May 28th. They set an "outperform" rating for the company. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Arista Networks presently has an average rating of "Moderate Buy" and an average price target of $138.07.

Arista Networks Company Profile

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.

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