Arista Networks (NYSE:ANET) Stock Price Down 4.6% After Insider Selling

Arista Networks, Inc. (NYSE:ANET) fell 4.6% on Thursday following insider selling activity. The company traded as low as $132.59 and last traded at $133.99. 13,062,946 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 10,038,902 shares. The stock had previously closed at $140.42.

Specifically, Director Charles H. Giancarlo sold 8,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $157.12, for a total transaction of $1,256,960.00. Following the completion of the sale, the director directly owned 33,784 shares in the company, valued at $5,308,142.08. This represents a 19.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ANET. Citigroup upped their price target on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Piper Sandler restated a “neutral” rating and set a $145.00 price target (up from $143.00) on shares of Arista Networks in a research report on Wednesday. Needham & Company LLC increased their target price on shares of Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. The Goldman Sachs Group increased their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and an average price target of $164.31.

Arista Networks Price Performance

The stock’s 50 day moving average is $146.74 and its 200-day moving average is $118.84. The company has a market capitalization of $168.41 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.37 and a beta of 1.48.

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

Hedge Funds Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bare Financial Services Inc grew its holdings in shares of Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock valued at $25,000 after buying an additional 233 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Arista Networks by 56.7% during 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. Richardson Financial Services Inc. grew its holdings in shares of Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after buying an additional 130 shares during the last quarter. Saudi Central Bank purchased a new stake in shares of Arista Networks during the first quarter valued at approximately $33,000. Finally, REAP Financial Group LLC grew its holdings in shares of Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after buying an additional 175 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.