Arista Networks (NYSE:ANET) Trading Up 2.9% – Here’s What Happened

Arista Networks, Inc. (NYSE:ANET) shares rose 2.9% during trading on Monday . The company traded as high as $175.20 and last traded at $174.6580. Approximately 9,441,242 shares traded hands during trading, an increase of 8% from the average session volume of 8,750,697 shares. The stock had previously closed at $169.67.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ANET shares. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Weiss Ratings lowered Arista Networks from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. JPMorgan Chase & Co. lifted their price objective on Arista Networks from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Bank of America boosted their target price on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, Citigroup dropped their target price on Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $187.63.

Arista Networks Stock Up 2.9%

The company has a market capitalization of $219.93 billion, a price-to-earnings ratio of 59.81, a P/E/G ratio of 2.62 and a beta of 1.61. The company has a 50-day moving average price of $158.10 and a 200-day moving average price of $141.53.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Arista Networks’s revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of Arista Networks stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the completion of the transaction, the insider directly owned 182,543,048 shares of the company’s stock, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the completion of the transaction, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This trade represents a 7.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,603,747 shares of company stock valued at $423,901,619 in the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Arista Networks

Hedge funds have recently modified their holdings of the stock. Intrua Financial LLC increased its stake in shares of Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after buying an additional 61 shares during the period. NBT Bank N A NY raised its position in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. Hoxton Planning & Management LLC lifted its stake in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after acquiring an additional 68 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Arista Networks by 0.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 70 shares during the period. Finally, Y.D. More Investments Ltd boosted its holdings in Arista Networks by 8.7% in the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

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.