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

Arista Networks, Inc. (NYSE:ANET)’s stock price dropped 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 firm’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $217.10, for a total transaction of $28,343,056.30. Following the completion of the sale, the chief executive officer owned 4,774,691 shares of the company’s stock, valued at $1,036,585,416.10. This trade represents a 2.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 that occurred on Thursday, October 8th. The stock was 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 owned 4,793,347 shares of the company’s stock, valued at approximately $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 other Arista Networks news, CEO Jayshree Ullal sold 96,992 shares of Arista Networks stock in a transaction that occurred on Wednesday, October 7th. The stock was sold at an average price of $217.14, for a total value of $21,060,842.88. Following the completion of the sale, the chief executive officer directly 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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

ANET has been the topic of a number of research analyst reports. Barclays restated an “overweight” rating and set a $289.00 price target (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a research note on Wednesday, August 5th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. 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, Morgan Stanley reissued an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and a consensus price target of $235.45.

Arista Networks Trading Down 5.1%

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

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

Hedge Funds Weigh In On Arista Networks

A number of large investors have recently modified their holdings of the company. Davidson Trust Co. bought a new stake in Arista Networks in the 3rd quarter worth $3,512,000. Deutsche Bank AG raised its stake in shares of Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after acquiring an additional 388,354 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Arista Networks by 2,827.9% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock valued at $10,664,000 after acquiring an additional 50,592 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Arista Networks during the first quarter valued at about $5,279,000. Finally, Whitaker Myers Wealth Managers LTD. boosted its holdings in shares of Arista Networks by 564.1% during the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock worth $2,862,000 after purchasing an additional 14,310 shares during the period. 82.47% of the stock is currently owned by institutional investors.

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.