Kelly Bodnar Battles Sells 422 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $117.15, for a total value of $49,437.30. Following the completion of the transaction, the director owned 8,980 shares of the company’s stock, valued at $1,052,007. The trade was a 4.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Arista Networks Stock Performance

Shares of NYSE ANET opened at $127.95 on Thursday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The firm has a market capitalization of $161.12 billion, a P/E ratio of 50.32, a PEG ratio of 3.37 and a beta of 1.48. The company’s fifty day moving average is $142.80 and its two-hundred day moving average is $123.76.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business’s revenue was up 27.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ANET. Rosenblatt Securities reissued a “neutral” rating and set a $140.00 price target on shares of Arista Networks in a research note on Monday. Citigroup boosted their target price on Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Morgan Stanley set a $171.00 price target on Arista Networks and gave the company an “overweight” rating in a research report on Friday, October 10th. Wolfe Research boosted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Finally, William Blair reissued an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Seventeen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Institutional Trading of Arista Networks

Large investors have recently made changes to their positions in the stock. Walkner Condon Financial Advisors LLC lifted its holdings in Arista Networks by 0.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company’s stock valued at $2,697,000 after purchasing an additional 70 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after buying an additional 72 shares during the last quarter. Crown Wealth Group LLC lifted its stake in shares of Arista Networks by 2.4% during the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company’s stock valued at $463,000 after buying an additional 75 shares during the period. Fragasso Financial Advisors Inc boosted its position in Arista Networks by 1.8% during the third quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company’s stock worth $616,000 after acquiring an additional 76 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in Arista Networks by 0.9% in the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

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.