Charles Giancarlo Sells 58,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Charles Giancarlo sold 58,000 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arista Networks Price Performance

ANET stock opened at $142.52 on Thursday. The company has a 50 day moving average price of $133.00 and a 200 day moving average price of $103.29. Arista Networks, Inc. has a fifty-two week low of $59.43 and a fifty-two week high of $156.32. The stock has a market capitalization of $179.13 billion, a PE ratio of 56.06, a price-to-earnings-growth ratio of 3.00 and a beta of 1.50.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company posted $0.53 EPS. Arista Networks’s revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ANET. Citigroup boosted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Wolfe Research raised their price target on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. The Goldman Sachs Group lifted their price objective on Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Finally, KeyCorp lifted their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Moderate Buy” and an average price target of $157.88.

Institutional Trading of Arista Networks

A number of large investors have recently made changes to their positions in ANET. Nuveen LLC bought a new stake in shares of Arista Networks in the 1st quarter valued at $933,626,000. Norges Bank bought a new position in Arista Networks during the 2nd quarter worth about $1,228,177,000. AQR Capital Management LLC increased its holdings in Arista Networks by 153.8% during the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Arista Networks by 37.3% during the first quarter. Goldman Sachs Group Inc. now owns 9,552,484 shares of the technology company’s stock worth $740,126,000 after buying an additional 2,594,184 shares during the period. Institutional investors own 82.47% of the company’s stock.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.