Arista Networks (NYSE:ANET) Shares Down 3.1% After Insider Selling

Arista Networks, Inc. (NYSE:ANET) fell 3.1% on Tuesday after an insider sold shares in the company. The company traded as low as $197.60 and last traded at $204.3450. Approximately 7,909,160 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 7,878,851 shares. The stock had previously closed at $210.88.

Specifically, CEO Jayshree Ullal sold 130,553 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $217.10, for a total value of $28,343,056.30. Following the sale, the chief executive officer directly owned 4,774,691 shares in the company, valued at approximately $1,036,585,416.10. The trade was a 2.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 27,990 shares of Arista Networks stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $217.05, for a total value of $6,075,229.50. Following the completion of the sale, the chief executive officer directly owned 4,793,347 shares of the company’s stock, valued at $1,040,395,966.35. The trade was a 0.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In related news, CEO Jayshree Ullal sold 96,992 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 7th. The shares were sold at an average price of $217.14, for a total value of $21,060,842.88. Following the completion of the transaction, the chief executive officer owned 4,797,347 shares in the company, valued at approximately $1,041,695,927.58. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

ANET has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. Sanford C. Bernstein assumed coverage on shares of Arista Networks in a research report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 target price on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Barclays reaffirmed an “overweight” rating and issued a $289.00 target price (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Arista Networks from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $235.45.

Arista Networks Trading Down 5.1%

The business has a 50-day moving average price of $198.83 and a 200 day moving average price of $173.87. The company has a market cap of $234.00 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 2.38 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.79 earnings per share for the current year.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in ANET. Cura Wealth Advisors LLC grew its position in Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after buying an additional 52 shares in the last quarter. Affinity Capital Advisors LLC raised its holdings in Arista Networks by 1.4% in the 3rd quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company’s stock valued at $817,000 after acquiring an additional 53 shares in the last quarter. Madison Wealth Partners Inc raised its holdings in Arista Networks by 2.8% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares in the last quarter. Intrua Financial LLC lifted its position in shares of Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after acquiring an additional 61 shares during the period. Finally, Shepherd Financial Partners LLC lifted its position in shares of Arista Networks by 1.2% in the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.