Kelly Bodnar Battles Sells 422 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles sold 422 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $187.34, for a total value of $79,057.48. Following the completion of the sale, the director owned 10,194 shares in the company, valued at $1,909,743.96. This represents a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Trading Up 1.4%

Shares of NYSE:ANET traded up $2.60 on Tuesday, reaching $190.75. The company had a trading volume of 4,384,311 shares, compared to its average volume of 8,122,694. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The firm has a market capitalization of $240.58 billion, a PE ratio of 60.18, a PEG ratio of 1.95 and a beta of 1.60. The firm’s 50 day simple moving average is $178.40 and its 200-day simple moving average is $157.17.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities research analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ANET. Wells Fargo & Company restated an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen boosted their price target on Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a research note on Wednesday, August 5th. Barclays restated an “overweight” rating and set a $289.00 target price (up from $195.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $226.05.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Main Street Group LTD purchased a new position in shares of Arista Networks in the first quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the 4th quarter valued at about $27,000. Prosperity Bancshares Inc bought a new position in shares of Arista Networks during the 4th quarter valued at approximately $28,000. ABS Investment Management LLC bought a new stake in Arista Networks in the 2nd quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC lifted its position in Arista Networks by 184.9% during the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after purchasing an additional 159 shares during the last quarter. 82.47% of the stock is currently 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.