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

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 Stock Up 0.5%

NYSE ANET traded up $0.75 on Friday, hitting $137.23. The stock had a trading volume of 6,054,998 shares, compared to its average volume of 9,893,038. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $141.99. The stock has a market cap of $172.48 billion, a price-to-earnings ratio of 53.97, a P/E/G ratio of 3.23 and a beta of 1.37. The company's 50-day moving average is $109.98 and its two-hundred day moving average is $96.12.

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

Arista Networks declared that its board has approved a stock repurchase program on Tuesday, May 6th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in ANET. Stablepoint Partners LLC increased its position in Arista Networks by 0.8% in the 2nd quarter. Stablepoint Partners LLC now owns 9,406 shares of the technology company's stock valued at $962,000 after acquiring an additional 77 shares in the last quarter. Glenview Trust co increased its position in Arista Networks by 2.5% in the 2nd quarter. Glenview Trust co now owns 3,502 shares of the technology company's stock valued at $358,000 after acquiring an additional 84 shares in the last quarter. Telos Capital Management Inc. increased its position in Arista Networks by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company's stock valued at $947,000 after acquiring an additional 88 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Arista Networks by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock valued at $618,000 after acquiring an additional 95 shares in the last quarter. Finally, Putney Financial Group LLC increased its position in Arista Networks by 0.7% in the 2nd quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company's stock valued at $1,447,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other 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 firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $139.67, for a total value of $26,953,376.93. Following the completion of the sale, the chief executive officer owned 5,623,721 shares in the company, valued at approximately $785,465,112.07. This trade represents a 3.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director owned 57,784 shares of the company's stock, valued at $6,761,305.84. The trade was a 12.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,767,742 shares of company stock worth $714,048,068. 3.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ANET. Evercore ISI set a $150.00 price objective on shares of Arista Networks and gave the company an "outperform" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Arista Networks from $130.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Wolfe Research began coverage on shares of Arista Networks in a report on Tuesday, July 8th. They issued an "outperform" rating for the company. Rosenblatt Securities increased their price objective on shares of Arista Networks from $106.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Finally, Citigroup increased their price objective on shares of Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Arista Networks presently has a consensus 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.

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.