Arista Networks (NYSE:ANET) Stock Price Down 2% – Time to Sell?

Arista Networks, Inc. (NYSE:ANET)’s stock price fell 2% on Monday . The stock traded as low as $165.90 and last traded at $170.4440. 6,014,275 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 8,590,361 shares. The stock had previously closed at $173.99.

Analyst Ratings Changes

Several analysts have commented on ANET shares. Morgan Stanley restated an “overweight” rating and set a $190.00 price objective (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Truist Financial set a $175.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Raymond James Financial raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Arista Networks has a consensus rating of “Buy” and an average price target of $189.74.

Arista Networks Trading Down 2.0%

The company has a 50-day simple moving average of $164.95 and a 200 day simple moving average of $148.78. The firm has a market cap of $214.62 billion, a PE ratio of 58.37, a price-to-earnings-growth ratio of 2.67 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities analysts expect that Arista Networks, Inc. will post 3.28 earnings per share for the current year.

Insider Activity

In other news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the sale, the director directly owned 192,333 shares of the company’s stock, valued at $32,131,150.98. This represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $162.67, for a total value of $39,040,800.00. Following the sale, the insider owned 182,043,048 shares in the company, valued at $29,612,942,618.16. This trade represents a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,264,983 shares of company stock worth $376,175,065 in the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently bought and sold shares of the business. Lighthouse Financial Services Inc. ADV acquired a new position in shares of Arista Networks during the fourth quarter valued at approximately $1,549,000. Bensler LLC acquired a new stake in shares of Arista Networks in the fourth quarter worth approximately $6,350,000. QRG Capital Management Inc. boosted its stake in shares of Arista Networks by 6.4% in the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after acquiring an additional 10,217 shares during the last quarter. Jefferies Financial Group Inc. increased its position in shares of Arista Networks by 59.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock worth $2,309,000 after purchasing an additional 6,591 shares in the last quarter. Finally, Reaves W H & Co. Inc. purchased a new stake in shares of Arista Networks during the fourth quarter worth approximately $3,058,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.