Kenneth Duda Sells 30,000 Shares of Arista Networks (NYSE:ANET) Stock

Key Points

• Kenneth Duda, Senior Vice President of Arista Networks, sold 30,000 shares at an average price of $136.51, totaling approximately $4.1 million, resulting in a 69.81% decrease in his holdings.
• Arista Networks' stock recently traded down 1.0%, closing at $131.40, with a market capitalization of $165.15 billion.
• The company reported a quarterly earnings growth, with $0.73 EPS exceeding analyst expectations, and a revenue increase of 30.4% year-over-year.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) SVP Kenneth Duda sold 30,000 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kenneth Duda also recently made the following trade(s):

• On Monday, August 18th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $136.51, for a total transaction of $3,549,260.00.
• On Thursday, July 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $111.19, for a total transaction of $2,890,940.00.
• On Thursday, July 17th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The stock was sold at an average price of $111.19, for a total transaction of $3,335,700.00.
• On Tuesday, June 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $92.23, for a total transaction of $2,397,980.00.
• On Tuesday, June 17th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The stock was sold at an average price of $92.23, for a total value of $2,766,900.00.

Arista Networks Stock Down 1.0%

Shares of NYSE:ANET traded down $1.3840 during trading on Wednesday, hitting $131.3960. The stock had a trading volume of 9,445,764 shares, compared to its average volume of 9,908,579. The company has a market capitalization of $165.15 billion, a PE ratio of 54.03, a PEG ratio of 3.12 and a beta of 1.37. The firm's fifty day moving average is $111.58 and its 200 day moving average is $96.41. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $141.99.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share 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 return on equity of 31.05% and a net margin of 40.90%.The firm's revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Arista Networks announced that its board has authorized a share buyback program on Tuesday, May 6th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 1.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

ANET has been the topic of several research reports. Rosenblatt Securities boosted their price objective on shares of Arista Networks from $106.00 to $125.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Morgan Stanley lifted their target price on shares of Arista Networks from $120.00 to $125.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Needham & Company LLC lifted their target price on shares of Arista Networks from $130.00 to $155.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Wolfe Research assumed coverage on shares of Arista Networks in a report on Tuesday, July 8th. They set an "outperform" rating for the company. Finally, Redburn Atlantic assumed coverage on shares of Arista Networks in a report on Wednesday, May 28th. They set a "buy" rating and a $112.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. DSG Capital Advisors LLC bought a new stake in Arista Networks in the 4th quarter worth approximately $5,984,000. Ibex Wealth Advisors lifted its holdings in shares of Arista Networks by 14.4% during the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after buying an additional 7,329 shares during the period. Sowell Financial Services LLC purchased a new position in shares of Arista Networks in the 1st quarter worth $629,000. Commonwealth Equity Services LLC grew its holdings in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after acquiring an additional 101,162 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in shares of Arista Networks in the first quarter worth $15,227,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

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.

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