Arista Networks, Inc. (NYSE:ANET – Get Free Report) shares traded down 5.9% during trading on Monday . The company traded as low as $186.11 and last traded at $187.8330. 5,650,798 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 8,218,238 shares. The stock had previously closed at $199.59.
Wall Street Analyst Weigh In
ANET has been the topic of a number of research analyst reports. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Rosenblatt Securities raised their price objective on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating and issued a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, UBS Group reaffirmed a “buy” rating and set a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $227.80.
Get Our Latest Research Report on Arista Networks
Arista Networks Stock Down 5.9%
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities research analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current year.
Insider Activity
In related news, CEO Jayshree Ullal sold 13,809 shares of Arista Networks stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $191.79, for a total value of $2,648,428.11. Following the completion of the transaction, the chief executive officer owned 9,917 shares in the company, valued at $1,901,981.43. The trade was a 58.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the transaction, the insider owned 180,843,048 shares of the company’s stock, valued at $36,638,801,524.80. This trade represents a 0.17% 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. In the last three months, insiders sold 3,527,694 shares of company stock valued at $684,665,787. 2.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Arista Networks
Several large investors have recently bought and sold shares of the business. Talon Private Wealth LLC purchased a new stake in Arista Networks during the 2nd quarter worth about $232,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Arista Networks during the 2nd quarter worth about $29,000. Bouchey Financial Group Ltd. raised its position in shares of Arista Networks by 17.1% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 1,787 shares of the technology company’s stock worth $304,000 after acquiring an additional 261 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new stake in Arista Networks during the second quarter worth approximately $207,000. Finally, MCF Advisors LLC lifted its stake in Arista Networks by 19.9% during the second quarter. MCF Advisors LLC now owns 640 shares of the technology company’s stock worth $109,000 after purchasing an additional 106 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 designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.
The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.
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