Insider Selling: Arista Networks (NYSE:ANET) Director Sells $1,021,850.00 in Stock

Arista Networks, Inc. (NYSE:ANET) Director Mark Templeton sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the sale, the director directly owned 48,410 shares of the company’s stock, valued at $9,893,551.70. The trade was a 9.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Trading Down 0.2%

NYSE ANET traded down $0.49 on Monday, hitting $206.86. 3,559,946 shares of the stock traded hands, compared to its average volume of 4,575,653. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The company has a market capitalization of $260.90 billion, a P/E ratio of 65.26, a price-to-earnings-growth ratio of 2.44 and a beta of 1.60. The stock has a 50-day moving average of $194.51 and a 200 day moving average of $170.06.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The firm’s revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts expect that Arista Networks, Inc. will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deutsche Bank AG raised its holdings in Arista Networks by 4.3% during the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after buying an additional 388,354 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new position in Arista Networks in the 1st quarter worth $5,279,000. Whitaker Myers Wealth Managers LTD. grew its position in shares of Arista Networks by 564.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 16,847 shares of the technology company’s stock valued at $2,862,000 after purchasing an additional 14,310 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its position in Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company’s stock worth $10,664,000 after buying an additional 50,592 shares during the period. Finally, Nilsine Partners LLC grew its stake in shares of Arista Networks by 521.6% in the second quarter. Nilsine Partners LLC now owns 32,657 shares of the technology company’s stock worth $5,548,000 after acquiring an additional 27,403 shares during the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 18th. Citigroup reaffirmed a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Finally, Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $231.70.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.