Arista Networks (NYSE:ANET) Shares Down 3.1% – Time to Sell?

Arista Networks, Inc. (NYSE:ANET)’s share price traded down 3.1% on Monday . The company traded as low as $180.50 and last traded at $181.1670. Approximately 9,114,891 shares were traded during trading, an increase of 4% from the average session volume of 8,777,177 shares. The stock had previously closed at $186.96.

Analysts Set New Price Targets

Several research firms have recently commented on ANET. Wolfe Research restated an “outperform” rating and set a $175.00 price target on shares of Arista Networks in a research note on Wednesday, June 10th. Piper Sandler reissued an “overweight” rating and issued a $181.00 price objective (up from $175.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Zacks Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Raymond James Financial upgraded shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price target on the stock in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $188.16.

Arista Networks Trading Down 3.1%

The firm has a market capitalization of $228.13 billion, a price-to-earnings ratio of 62.04, a PEG ratio of 2.88 and a beta of 1.60. The stock’s 50 day moving average price is $159.79 and its two-hundred day moving average price is $145.85.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In related news, insider Kenneth Duda sold 17,333 shares of Arista Networks stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $171.42, for a total transaction of $2,971,222.86. Following the completion of the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $2,224,345.92. The trade was a 57.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $155.04, for a total value of $2,140,947.36. Following the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,537,531.68. The trade was a 58.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,034,268 shares of company stock valued at $496,462,432 in the last 90 days. Insiders own 2.70% of the company’s stock.

Institutional Trading of Arista Networks

Several institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $251,000. Sivia Capital Partners LLC increased its position in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Arista Networks by 31.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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.