Arista Networks (NYSE:ANET) Shares Down 2.1% on Insider Selling

Shares of Arista Networks, Inc. (NYSE:ANET) traded down 2.1% during mid-day trading on Wednesday after an insider sold shares in the company. The company traded as low as $163.93 and last traded at $164.5080. 6,080,361 shares were traded during trading, a decline of 30% from the average session volume of 8,722,695 shares. The stock had previously closed at $168.01.

Specifically, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total value of $43,048,200.00. Following the sale, the insider directly owned 182,543,048 shares of the company’s stock, valued at approximately $30,223,652,457.36. This trade represents a 0.14% 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ANET. Bank of America upped their price objective on shares of Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Truist Financial set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, May 6th. UBS Group restated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised shares of Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Citigroup decreased their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $187.63.

Arista Networks Trading Up 0.1%

The firm has a market capitalization of $213.86 billion, a price-to-earnings ratio of 58.16, a price-to-earnings-growth ratio of 2.54 and a beta of 1.61. The firm has a 50 day moving average price of $157.61 and a two-hundred day moving average price of $141.24.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, research analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Institutional Investors Weigh In On Arista Networks

Several large investors have recently made changes to their positions in the business. PVG Asset Management Corp acquired a new stake in Arista Networks in the 1st quarter valued at $176,000. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Arista Networks during the first quarter worth about $5,279,000. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Arista Networks by 31.5% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 10,031 shares of the technology company’s stock worth $1,232,000 after purchasing an additional 2,404 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Arista Networks by 20.1% in the first quarter. NewEdge Advisors LLC now owns 124,424 shares of the technology company’s stock worth $15,277,000 after buying an additional 20,797 shares during the period. Finally, First Nebraska Trust Co purchased a new stake in shares of Arista Networks in the first quarter worth about $1,807,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

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.