Rep. James Comer Sells Arista Networks, Inc. (NYSE:ANET) Shares

Key Points

• Representative James Comer sold shares of Arista Networks, Inc. (NYSE:ANET) for amounts between $1,001 and $15,000 on July 3rd, as disclosed in a filing on August 11th.
• Arista Networks reported a quarterly earnings per share (EPS) of $0.73, exceeding analysts' estimates of $0.65, and recorded revenue of $2.20 billion, up 30.4% year-over-year.
• The company's Board of Directors has initiated a $1.50 billion share buyback plan, indicating confidence in the stock's current value.

Representative James Comer (R-Kentucky) recently sold shares of Arista Networks, Inc. NYSE: ANET. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in Arista Networks stock on July 3rd.

Representative James Comer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Churchill Downs NASDAQ: CHDN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/3/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 7/3/2025.
• Sold $1,001 - $15,000 in shares of PayPal NASDAQ: PYPL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Marvell Technology NASDAQ: MRVL on 7/3/2025.
• Sold $1,001 - $15,000 in shares of VeriSign NASDAQ: VRSN on 7/3/2025.
• Sold $1,001 - $15,000 in shares of Dover NYSE: DOV on 7/3/2025.

Arista Networks Trading Up 2.6%

Shares of NYSE:ANET opened at $141.17 on Wednesday. The stock has a fifty day simple moving average of $107.49 and a two-hundred day simple moving average of $95.44. The stock has a market capitalization of $177.43 billion, a price-to-earnings ratio of 55.52, a PEG ratio of 3.27 and a beta of 1.37. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $141.74.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%. The firm's quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current year.

Arista Networks declared that its Board of Directors has initiated a share buyback plan on Tuesday, May 6th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.

Institutional Trading of Arista Networks

Large investors have recently modified their holdings of the company. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after acquiring an additional 230 shares during the period. Quarry LP grew its holdings in shares of Arista Networks by 381.5% in the fourth quarter. Quarry LP now owns 260 shares of the technology company's stock worth $29,000 after acquiring an additional 206 shares during the period. Dunhill Financial LLC grew its holdings in shares of Arista Networks by 415.7% in the fourth quarter. Dunhill Financial LLC now owns 263 shares of the technology company's stock worth $29,000 after acquiring an additional 212 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Arista Networks in the first quarter worth $30,000. Finally, Saudi Central Bank bought a new stake in shares of Arista Networks in the first quarter worth $33,000. Institutional investors own 82.47% of the company's stock.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 192,979 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $139.67, for a total transaction of $26,953,376.93. Following the completion of the sale, the chief executive officer owned 5,623,721 shares of the company's stock, valued at approximately $785,465,112.07. The trade was a 3.32% 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. Also, Director Kelly Bodnar Battles sold 864 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $114.68, for a total value of $99,083.52. Following the sale, the director directly owned 7,460 shares of the company's stock, valued at $855,512.80. This represents a 10.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,767,742 shares of company stock valued at $714,048,068. Company insiders own 3.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ANET. Citigroup lifted their price objective on Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. UBS Group boosted their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Needham & Company LLC boosted their price target on Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, KeyCorp boosted their price target on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $138.07.

About Representative Comer

James Comer Jr. (Republican Party) is a member of the U.S. House, representing Kentucky's 1st Congressional District. He assumed office on November 14, 2016. His current term ends on January 3, 2027. Comer (Republican Party) is running for re-election to the U.S. House to represent Kentucky's 1st Congressional District. He declared candidacy for the 2026 election. Comer is from Tompkinsville, Ky. He acted as the director of South Central Bank for 12 years and has been the co-owner of the Comer Land and Cattle Company. He previously served as president of CFB Foods Incorporated from 2001 to 2003 and president of Comer and Polston Insurance Incorporated from 1993 to 1995.

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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