Insider Selling: Arista Networks (NYSE:ANET) Director Sells $8,608,360.00 in Stock

Arista Networks, Inc. (NYSE:ANET) Director Charles Giancarlo sold 58,000 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $148.42, for a total value of $8,608,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Arista Networks Stock Up 0.3%

NYSE:ANET opened at $143.02 on Friday. The stock’s 50 day moving average price is $133.62 and its 200 day moving average price is $103.74. The company has a market capitalization of $179.76 billion, a PE ratio of 56.25, a P/E/G ratio of 2.97 and a beta of 1.50. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $156.32.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate 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 posted $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ANET shares. The Goldman Sachs Group raised their price target on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Piper Sandler raised their price target on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Melius Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Finally, Evercore ISI increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Eighteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Institutional Trading of Arista Networks

Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $202,000. Bank Pictet & Cie Europe AG lifted its holdings in shares of Arista Networks by 433.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 10,856 shares of the technology company’s stock valued at $1,200,000 after buying an additional 8,822 shares during the period. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at approximately $251,000. Finally, GTS Securities LLC lifted its holdings in shares of Arista Networks by 119.8% in the 4th quarter. GTS Securities LLC now owns 7,782 shares of the technology company’s stock valued at $860,000 after buying an additional 47,043 shares during the period. 82.47% of the stock is owned by institutional investors and hedge funds.

About Arista Networks

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.