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

Arista Networks, Inc. (NYSE:ANET)’s share price was down 4.6% on Thursday after an insider sold shares in the company. The stock traded as low as $157.40 and last traded at $166.31. Approximately 10,170,510 shares were traded during trading, an increase of 15% from the average daily 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 that occurred on Monday, June 1st. The stock was sold at an average price of $169.09, for a total transaction of $1,352,720.00. Following the transaction, the director directly owned 200,333 shares in the company, valued at approximately $33,874,306.97. This represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

ANET has been the topic of several research analyst reports. Evercore reissued an “outperform” rating and set a $200.00 target price on shares of Arista Networks in a research note on Friday, February 13th. JPMorgan Chase & Co. increased their target price on shares of Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. The Goldman Sachs Group reissued a “buy” rating and set a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Rosenblatt Securities raised their price objective on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, UBS Group reaffirmed a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $185.72.

Arista Networks Stock Down 4.6%

The firm has a market cap of $209.42 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 2.70 and a beta of 1.61. The firm’s 50-day simple moving average is $149.88 and its 200 day simple moving average is $138.46.

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. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Hedge Funds Weigh In On Arista Networks

Several hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Arista Networks by 20.1% in the 1st quarter. NewEdge Advisors LLC now owns 124,424 shares of the technology company’s stock worth $15,277,000 after acquiring an additional 20,797 shares during the last quarter. First Nebraska Trust Co bought a new position in Arista Networks in the 1st quarter worth about $1,807,000. Financial Solutions Advisory Group Inc. bought a new position in Arista Networks in the 1st quarter worth about $404,000. Cozad Asset Management Inc. grew its stake in Arista Networks by 35.4% in the 1st quarter. Cozad Asset Management Inc. now owns 9,146 shares of the technology company’s stock worth $1,123,000 after buying an additional 2,389 shares in the last quarter. Finally, Allen Capital Group LLC bought a new position in shares of Arista Networks in the 1st quarter worth $245,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

About Arista Networks

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.