Short Interest in Arista Networks, Inc. (NYSE:ANET) Declines By 35.6%

Arista Networks, Inc. (NYSE:ANET) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 12,815,409 shares, a decline of 35.6% from the July 15th total of 19,887,856 shares. Based on an average trading volume of 6,608,958 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have recently commented on ANET shares. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Wolfe Research reissued an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $226.05.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total value of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the transaction, the insider owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 4,335,168 shares of company stock valued at $798,637,629 over the last three months. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arista Networks

Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in Arista Networks during the second quarter worth about $68,741,000. Strive Financial Group LLC lifted its position in shares of Arista Networks by 289.3% during the second quarter. Strive Financial Group LLC now owns 3,842 shares of the technology company’s stock worth $653,000 after purchasing an additional 2,855 shares in the last quarter. Corient Private Wealth LP boosted its stake in shares of Arista Networks by 16.2% in the second quarter. Corient Private Wealth LP now owns 269,727 shares of the technology company’s stock valued at $45,815,000 after purchasing an additional 37,580 shares during the period. Freestone Grove Partners LP acquired a new position in shares of Arista Networks in the second quarter valued at approximately $57,833,000. Finally, Western Wealth Management LLC grew its holdings in shares of Arista Networks by 9.6% in the second quarter. Western Wealth Management LLC now owns 22,691 shares of the technology company’s stock valued at $3,855,000 after purchasing an additional 1,989 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Stock Up 1.6%

ANET stock opened at $202.05 on Tuesday. The stock has a market capitalization of $254.83 billion, a PE ratio of 63.74, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. Arista Networks has a 52 week low of $114.52 and a 52 week high of $214.89. The firm has a 50 day moving average of $175.00 and a 200 day moving average of $155.18.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter last year, the business posted $0.73 earnings per share. The firm’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts expect that Arista Networks will post 3.7 earnings per share for the current year.

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.