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Director Kelly Battles of Arista Networks (NYSE:ANET) NASDAQ:ANET, a prominent player in the Communications Equipment industry with a market capitalization of $149 billion, sold a total of 864 shares of common stock on July 25, 2025, according to a new SEC filing. According to InvestingPro analysis, the company’s stock is currently trading above its Fair Value, with a P/E ratio of 49.4x. The sales were executed in two separate transactions, with prices ranging from $113.70 to $115.07.
The first sale involved 367 shares sold at a weighted average price of $114.4016, for a total value of $41,985. The price for these shares ranged from $113.70 to $114.695. The second transaction involved 497 shares sold at a weighted average price of $114.8813, for a total value of $57,106. The price for these shares ranged from $114.70 to $115.07.
Following these transactions, Battles directly owns 7,460 shares of Arista Networks.
The sale of shares was effected pursuant to a Rule 10b5-1 trading plan entered into by the reporting person on June 13, 2024.
In other recent news, Arista Networks has made significant strides in its business operations and market perception. The company has acquired the VeloCloud SD-WAN portfolio from Broadcom (NASDAQ:AVGO), aiming to enhance its enterprise networking capabilities with new AI-driven products. This acquisition includes the introduction of a compact fanless PoE switch, Wi-Fi 7 access points, and the AWE-7220R WAN router, which are expected to bolster branch edge networking for distributed enterprises. Analysts have responded positively to these developments. Erste Group upgraded Arista Networks’ stock rating from Hold to Buy, citing the company’s advancements in developing a cross-vendor ecosystem for AI networks. Citi has raised its price target for Arista Networks to $123, maintaining a Buy rating and predicting positive revisions for the company’s second-half outlook. Goldman Sachs has reiterated its Buy rating with a price target of $115 following the launch of new enterprise networking products. Additionally, KeyBanc initiated coverage with an overweight rating, emphasizing Arista’s leadership in cloud and data center networking and its strong organic growth.
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