Andreas Bechtolsheim Sells 300,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the completion of the sale, the insider owned 180,843,048 shares in the company, valued at $36,638,801,524.80. The trade was a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Andreas Bechtolsheim also recently made the following trade(s):

• On Thursday, August 6th, Andreas Bechtolsheim sold 111,848 shares of Arista Networks stock. The shares were sold at an average price of $192.75, for a total value of $21,558,702.00.
• On Wednesday, August 5th, Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00.
• On Thursday, July 2nd, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00.
• On Wednesday, July 1st, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The stock was sold at an average price of $164.22, for a total transaction of $42,697,200.00.
• On Monday, June 15th, Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00.
• On Friday, June 5th, Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock. The shares were sold at an average price of $157.93, for a total transaction of $34,744,600.00.
• On Thursday, June 4th, Andreas Bechtolsheim sold 240,000 shares of Arista Networks stock. The stock was sold at an average price of $163.06, for a total transaction of $39,134,400.00.

Arista Networks Stock Performance

Arista Networks stock opened at $188.89 on Wednesday. Arista Networks, Inc. has a 52 week low of $114.52 and a 52 week high of $214.89. The stock has a market capitalization of $238.23 billion, a P/E ratio of 59.59, a PEG ratio of 2.64 and a beta of 1.62. The stock has a 50-day simple moving average of $181.23 and a 200 day simple moving average of $159.22.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts forecast that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ANET. California State Teachers Retirement System raised its position in shares of Arista Networks by 17,042.6% in the 2nd quarter. California State Teachers Retirement System now owns 272,793,984 shares of the technology company’s stock valued at $46,342,242,000 after buying an additional 271,202,666 shares in the last quarter. State Street Corp boosted its position in shares of Arista Networks by 1.4% during the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after acquiring an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Arista Networks by 1.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after acquiring an additional 380,724 shares in the last quarter. Geode Capital Management LLC increased its stake in Arista Networks by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock valued at $3,455,095,000 after acquiring an additional 477,625 shares during the last quarter. Finally, Norges Bank bought a new position in Arista Networks in the fourth quarter valued at approximately $1,558,563,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ANET shares. Truist Financial lifted their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Rosenblatt Securities increased their target price on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Needham & Company LLC reissued a “buy” rating and set a $260.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen boosted their price target on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $225.76.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.