Arista Networks (NYSE:ANET) Shares Down 4.1% Following Insider Selling

Arista Networks, Inc. (NYSE:ANET) was down 4.1% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $118.90 and last traded at $119.6920. Approximately 12,319,409 shares changed hands during trading, an increase of 23% from the average daily volume of 10,028,004 shares. The stock had previously closed at $124.81.

Specifically, insider Kenneth Duda sold 26,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $128.61, for a total value of $3,343,860.00. Following the sale, the insider owned 542,400 shares in the company, valued at approximately $69,758,064. The trade was a 4.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,668,843.36. This represents a 69.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ANET shares. The Goldman Sachs Group increased their target price on shares of Arista Networks from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Wolfe Research boosted their price target on shares of Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Barclays restated an “overweight” rating and issued a $183.00 price objective (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. BNP Paribas Exane upgraded Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price on the stock in a report on Thursday, September 25th. Finally, Citigroup increased their price objective on Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a report on Friday, September 12th. Seventeen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.31.

Arista Networks Stock Performance

The stock has a market capitalization of $150.73 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The business has a fifty day simple moving average of $145.01 and a 200 day simple moving average of $122.56.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter in the previous year, the business posted $2.40 earnings per share. Arista Networks’s quarterly revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC grew its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the 4th quarter valued at $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth $251,000. Ignite Planners LLC increased its position in shares of Arista Networks by 12.6% in the first quarter. Ignite Planners LLC now owns 2,441 shares of the technology company’s stock worth $189,000 after purchasing an additional 273 shares during the period. Finally, PFG Advisors raised its stake in Arista Networks by 2.7% in the first quarter. PFG Advisors now owns 5,061 shares of the technology company’s stock valued at $392,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Company Profile

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.