Arista Networks (NYSE:ANET) Shares Down 4.6% Following Insider Selling

Arista Networks, Inc. (NYSE:ANET)’s stock price fell 4.6% during trading on Thursday following insider selling activity. The stock traded as low as $157.40 and last traded at $166.31. 10,170,510 shares changed hands during trading, an increase of 15% from the average session volume of 8,874,015 shares. The stock had previously closed at $174.37.

Specifically, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $169.09, for a total value of $1,352,720.00. Following the sale, the director directly owned 200,333 shares in the company, valued at approximately $33,874,306.97. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ANET. Wells Fargo & Company increased their price objective on shares of Arista Networks from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $185.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research report on Friday, February 13th. Morgan Stanley reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Arista Networks in a research report on Friday, May 1st. Finally, Weiss Ratings raised shares of Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $185.72.

Arista Networks Stock Performance

The firm has a market cap of $209.42 billion, a P/E ratio of 56.96, a P/E/G ratio of 2.70 and a beta of 1.61. The firm’s fifty day moving average is $149.88 and its 200 day moving average is $138.46.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. Arista Networks’s revenue 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. As a group, equities research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Hedge Funds Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC increased its position in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after acquiring an additional 5,955 shares during the period. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in Arista Networks in the 4th quarter valued at approximately $251,000. Sivia Capital Partners LLC increased its position in Arista Networks by 48.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after acquiring an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL increased its position in Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after acquiring an additional 1,000 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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.