Arista Networks (ANET) President Duda Sells $7.8M of Stock

By TradeTexts Research Desk Oct 22, 2026, 8:01 PM EDT

Arista Networks, Inc. (ANET) business photo

Key Points

Kenneth Duda, President and CTO of Arista Networks, Inc., sold 43,333 shares on October 20, 2026, for approximately $7.84 million.
The transaction was executed under a pre-arranged Rule 10b5-1 plan at an average price of $180.91.
Following the sale, Duda holds 12,976 shares in the computer hardware company.

Since the trade, $ANET is up 1.7% to date (from the $181.19 close on Oct 20, 2026).

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Kenneth Duda, President and CTO of Arista Networks, Inc. (ANET), sold 43,333 shares of the company stock on October 20, 2026. According to a Form 4 filing with the U.S. Securities and Exchange Commission, the transaction was executed at an average price of $180.91, for a total value of roughly $7.84 million. The stock closed at $181.19 on the day of the trade.

ANET Arista Networks, Inc.

$184.33 +37.97% year to date

Daily close · Oct 21, 2026

Inside Kenneth Duda's ANET Trade

The sale was carried out under a pre-arranged Rule 10b5-1 trading plan. The shares were sold at $180.91 each, reducing Duda's holdings by 76.96%. Following the completion of the transaction, the executive retains 12,976 shares of the computer hardware company. This follows a busy month of insider activity at the firm, including a large sale by CEO Jayshree Ullal earlier in October.

Other Institutional Activity in Arista Networks

Other institutional investors have adjusted their positions in the firm. Ifm Investors grew its holdings by 9,118 shares, ending with 223,962 shares worth about $39.09 million. Korea Investment cut its stake by 32,556 shares, holding 832,678 shares valued at $145.35 million. Verition Fund Management reduced its position by 18,762 shares to finish with 66,380 shares worth about $11.20 million. Trexquant Investment increased its holdings by 324,108 shares, bringing its total to 471,701 shares valued at roughly $79.61 million. Caption Management opened a new position by adding 19,300 shares, ending with 20,600 shares worth about $3.48 million.

Arista Networks, Inc. Stock Down 5.6%

Arista Networks shares recently traded around $171.07 as of October 23, 2026, sitting below their 50-day moving average and about 21.3% below their 52-week high of $217.41.

Recent Earnings

Arista Networks reported trailing twelve-month revenue of $10.54 billion and earnings of $3.17 per share.

Earnings drift grade

Outlook vs expectations on the last report — not price action.

C+ 65/100

Reported May 5, 2026

Forward outlook
5 target raises vs 1 cuts.
EPS & revenue
EPS beat estimates by 5.8%. Revenue beat estimates by 1.7%.
Profit surprise
EBITDA missed by 8 percent. Operating income missed by 6 percent.
Pre-earnings setup
Bar was high, analysts already very bullish.
Analyst signal
5 target raises, 1 target cut.
Earnings quality
Gross margin down 1.8 points. Positive free cash flow.

Earnings Call Summary

The company reported strong momentum across all business segments in the first quarter, with revenue of 2.71 billion dollars, up 35 percent year over year and beating expectations of 2.67 billion dollars. Management highlighted three major AI fabric use cases: scale out with 100 plus customers at 800 gigabit Ethernet, scale up coming in 2027 at 1.6 terabit speeds, and scale across with customers like hyperscaler cloud titans. However, supply chain constraints are severe and expected to persist into next year, forcing the company to accept margin pressure to secure chips and memory for customers.

Guidance Arista raised full year revenue guidance to 11.5 billion dollars, up 27.7 percent from last year. They expect about 2.8 billion in sales for next quarter. AI fabrics revenue target was increased from 3.25 billion to 3.5 billion, and campus revenue is expected to reach 1.25 billion.

Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.

Insider Buying and Selling at Arista Networks, Inc.

Director Mark B Templeton sold 5,000 shares on October 1, 2026, for $1.02 million. CEO Jayshree Ullal sold 460,374 shares on October 6, 2026, totaling $97.64 million. CFO Chantelle Yvette Breithaupt sold 1,224 shares at $215.00 on October 6, 2026, totaling $263,160. CEO Jayshree Ullal also sold 130,553 shares at $217.10 on October 9, 2026, for over $28.34 million under a trading plan.

Analysts Set New Price Targets

Wall Street firms have continued to adjust their views on the stock. Barclays maintained an overweight rating while raising its price target to $289.00 from $195.00 on August 6, 2026. Deutsche Bank initiated coverage with a buy rating and a $220.00 price target on September 1, 2026. Bernstein initiated coverage with an outperform rating and a $250.00 price target on September 30, 2026. Citigroup maintained a buy rating on October 8, 2026, lifting its target from $215.00 to $248.00. TD Cowen maintained a buy rating on October 19, 2026, while lowering its target from $250.00 to $205.00. Overall, the stock carries a consensus strong buy rating with a mean price target of $243.59 across 29 analyst opinions.

About Arista Networks, Inc.

Headquartered in Santa Clara, California, Arista Networks builds data-driven networking gear and software for cloud data centers and AI environments. Its Extensible Operating System powers high-speed routing and switching equipment used by large technology enterprises.

Bottom Line

Investors are watching the upcoming earnings report on November 3, 2026, for updates on demand trends in AI networking. Insider transaction filings will continue to provide insight into executive stock ownership adjustments.