Arista Networks (NYSE:ANET) Shares Down 3.2% – Time to Sell?

Shares of Arista Networks, Inc. (NYSE:ANET) traded down 3.2% during trading on Monday . The stock traded as low as $125.40 and last traded at $127.2310. 12,343,021 shares traded hands during mid-day trading, an increase of 23% from the average session volume of 10,017,943 shares. The stock had previously closed at $131.37.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Melius Research increased their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Rosenblatt Securities reiterated a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a research note on Wednesday, November 5th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Barclays reaffirmed an “overweight” rating and set a $183.00 price objective (up from $179.00) on shares of Arista Networks in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group lifted their target price on Arista Networks from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Stock Performance

The stock’s 50-day moving average price is $146.16 and its 200-day moving average price is $122.04. The company has a market capitalization of $160.22 billion, a price-to-earnings ratio of 50.04, a P/E/G ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue was up 27.5% on a year-over-year basis. During the same period last year, the company posted $2.40 EPS. Arista Networks has set its Q4 2025 guidance at EPS. Analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 30,000 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer directly owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,953,040 shares of company stock valued at $286,720,474. 3.39% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ANET. Brighton Jones LLC lifted its stake 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 purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Arista Networks in the fourth quarter valued at approximately $202,000. Bison Wealth LLC purchased a new position in Arista Networks in the fourth quarter valued at approximately $251,000. Private Advisor Group LLC lifted its position in Arista Networks by 45.3% during the first quarter. Private Advisor Group LLC now owns 71,578 shares of the technology company’s stock valued at $5,546,000 after buying an additional 22,317 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in Arista Networks by 0.3% during the first quarter. Kestra Private Wealth Services LLC now owns 96,691 shares of the technology company’s stock worth $7,492,000 after buying an additional 311 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

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.