Arista Networks (NYSE:ANET) Trading Up 4.5% – Here’s What Happened

Arista Networks, Inc. (NYSE:ANET) shot up 4.5% on Tuesday . The stock traded as high as $142.94 and last traded at $142.5960. 12,664,754 shares were traded during trading, an increase of 48% from the average session volume of 8,578,232 shares. The stock had previously closed at $136.43.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ANET. Truist Financial set a $175.00 price objective on Arista Networks in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. Susquehanna raised Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Piper Sandler reaffirmed an “overweight” rating and issued a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $188.00 price target (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. Three investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $182.83.

Arista Networks Stock Performance

The firm has a market capitalization of $179.56 billion, a P/E ratio of 48.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67. The stock has a 50-day moving average of $143.55 and a 200 day moving average of $137.77.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts predict that Arista Networks, Inc. will post 3.18 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $175.40, for a total value of $1,403,200.00. Following the transaction, the director directly owned 208,333 shares in the company, valued at approximately $36,541,608.20. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yvonne Wassenaar sold 1,395 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $153.07, for a total value of $213,532.65. Following the completion of the transaction, the director owned 9,784 shares in the company, valued at $1,497,636.88. The trade was a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,502,729 shares of company stock worth $246,707,719 over the last 90 days. Company insiders own 3.54% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Large investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Arista Networks in the 1st quarter valued at $982,000. Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of Arista Networks in the 1st quarter valued at $5,784,000. ABN Amro Investment Solutions lifted its stake in shares of Arista Networks by 4.1% in the 1st quarter. ABN Amro Investment Solutions now owns 124,426 shares of the technology company’s stock valued at $15,277,000 after purchasing an additional 4,895 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Arista Networks by 6.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 322,029 shares of the technology company’s stock valued at $39,539,000 after purchasing an additional 20,292 shares during the period. Finally, Oslo Pensjonsforsikring AS acquired a new position in shares of Arista Networks in the 1st quarter valued at $269,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.