Insider Selling: Arista Networks (NYSE:ANET) Director Sells 8,000 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) Director Charles Giancarlo sold 8,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $32,131,150.98. The trade was a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Performance

Shares of NYSE:ANET traded up $13.30 on Monday, reaching $173.29. The company’s stock had a trading volume of 8,498,611 shares, compared to its average volume of 8,764,199. The company has a 50-day simple moving average of $159.07 and a 200 day simple moving average of $144.04. Arista Networks, Inc. has a 52-week low of $100.33 and a 52-week high of $179.80. The company has a market cap of $218.21 billion, a P/E ratio of 59.35, a PEG ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ANET. Needham & Company LLC reissued a “buy” rating and issued a $185.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Finally, Bank of America upped their target price on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $187.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Knuff & Co LLC bought a new stake in shares of Arista Networks during the third quarter valued at approximately $29,000. Board of the Pension Protection Fund purchased a new stake in shares of Arista Networks during the 4th quarter worth $26,000. Sankala Group LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks in the fourth quarter valued at approximately $28,000. Finally, Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter worth $26,000. 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.