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Marc Taxay, Senior Vice President and General Counsel at Arista Networks , Inc. (NYSE:ANET), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Taxay sold a total of 51,848 shares of Arista Networks’ common stock on March 3, 2025. The sale comes as the stock has experienced a 4.1% decline over the past week, though Arista maintains a strong financial position with more cash than debt on its balance sheet. The transactions were executed at prices ranging from $85.46 to $92.24 per share, resulting in a total sale value of approximately $4.59 million.
Following these transactions, Taxay’s direct ownership in the company was reduced to 1,500 shares. The sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest.
In other recent news, Arista Networks has been the focus of several analyst reports following its latest earnings results and strategic developments. UBS upgraded Arista Networks from Neutral to Buy, raising the price target to $115 due to optimistic forecasts for data center capital expenditures. The UBS analyst noted that key metrics, such as purchase commitments and deferred revenue, indicate strong revenue recognition potential, suggesting the company’s 2025 revenue guidance might be conservative. Meanwhile, Piper Sandler maintained a Neutral rating but increased the price target slightly to $108 after Arista’s earnings met expectations, though concerns linger about the potential loss of Meta (NASDAQ:META) as a customer.
Rosenblatt Securities increased its price target for Arista Networks to $85 while keeping a Sell rating, citing challenges in the AI back-end market despite potential growth opportunities. Needham reaffirmed its Buy rating with a $145 price target, highlighting Arista’s solid operational margins and growth in the Cloud Titan segment, including significant progress in AI back-end projects. Evercore ISI maintained an Outperform rating with a $130 price target, expressing confidence in Arista’s continued relationship with Meta and potential revenue growth as data networks increasingly adopt Ethernet.
These developments underscore a mixed but generally positive sentiment from analysts regarding Arista Networks’ financial health and strategic positioning in the market.
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