Arista Networks (NYSE:ANET) Shares Down 2.7% on Insider Selling

Arista Networks, Inc. (NYSE:ANET)’s stock price dropped 2.7% during trading on Monday following insider selling activity. The company traded as low as $145.05 and last traded at $145.51. Approximately 8,471,637 shares were traded during mid-day trading, a decline of 19% from the average daily volume of 10,420,396 shares. The stock had previously closed at $149.61.

Specifically, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.80, for a total transaction of $3,686,800.00. Following the sale, the insider directly owned 562,400 shares in the company, valued at approximately $79,748,320. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the sale, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. This represents a 69.81% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. The Goldman Sachs Group boosted their price objective on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Melius Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Needham & Company LLC boosted their price objective on Arista Networks from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Wolfe Research boosted their price objective on Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $157.88.

Arista Networks Stock Down 1.1%

The firm has a fifty day moving average of $132.32 and a 200-day moving average of $103.02. The firm has a market cap of $180.76 billion, a P/E ratio of 56.57, a PEG ratio of 3.03 and a beta of 1.50.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.08. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently added to or reduced their stakes in the company. Bare Financial Services Inc boosted its holdings in Arista Networks by 2,118.2% in the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock valued at $25,000 after acquiring an additional 233 shares during the last quarter. HighMark Wealth Management LLC boosted its holdings in Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares during the last quarter. Cloud Capital Management LLC acquired a new position in Arista Networks in the first quarter valued at about $30,000. Saudi Central Bank acquired a new position in Arista Networks in the first quarter valued at about $33,000. Finally, REAP Financial Group LLC lifted its stake in Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.