Arista Networks (NYSE:ANET) Stock Price Down 1.6% – Time to Sell?

Arista Networks, Inc. (NYSE:ANET) fell 1.6% during trading on Friday . The stock traded as low as $170.91 and last traded at $173.7870. 4,631,840 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 8,606,536 shares. The stock had previously closed at $176.61.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 price target (up from $180.00) on shares of Arista Networks in a report on Friday, June 12th. KeyCorp reiterated an “overweight” rating and set a $200.00 price target (up from $178.00) on shares of Arista Networks in a research report on Thursday, June 18th. TD Cowen restated a “buy” rating and issued a $210.00 price objective (up from $200.00) on shares of Arista Networks in a report on Monday, July 13th. Truist Financial set a $175.00 target price on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Citigroup dropped their target price on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Two 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. According to MarketBeat.com, Arista Networks has an average rating of “Buy” and a consensus target price of $189.74.

Arista Networks Stock Down 1.6%

The stock has a market cap of $218.83 billion, a price-to-earnings ratio of 59.52, a PEG ratio of 2.68 and a beta of 1.60. The stock’s fifty day moving average is $164.31 and its 200-day moving average is $148.52.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share 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 company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business posted $0.65 earnings per share. The business’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. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 242,422 shares of Arista Networks stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $188.17, for a total value of $45,616,547.74. Following the transaction, the chief executive officer owned 5,171,095 shares in the company, valued at $973,044,946.15. This trade represents a 4.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,264,983 shares of company stock valued at $376,175,065. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intrua Financial LLC raised its stake 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 valued at $283,000 after purchasing an additional 61 shares during the period. NBT Bank N A NY grew its holdings in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after buying an additional 67 shares in the last quarter. Hoxton Planning & Management LLC raised its position in Arista Networks by 4.1% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after buying an additional 68 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Arista Networks by 0.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 70 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Arista Networks by 8.7% during the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock worth $107,000 after acquiring an additional 70 shares during the last quarter. 82.47% of the stock is 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.