Shares of Arista Networks, Inc. (NYSE:ANET – Get Free Report) fell 1.8% during mid-day trading on Wednesday . The company traded as low as $159.20 and last traded at $166.7760. Approximately 9,054,748 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 8,757,854 shares. The stock had previously closed at $169.88.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. lifted their target price on Arista Networks from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Finally, Needham & Company LLC restated a “buy” rating and issued a $185.00 price target on shares of Arista Networks in a research note on Wednesday, May 6th. Two 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, Arista Networks currently has an average rating of “Buy” and an average target price of $187.63.
Get Our Latest Analysis on Arista Networks
Arista Networks Stock Performance
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, research analysts predict that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares of the company’s stock, valued at $924,321,690.08. This represents a 7.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,639,080 shares of company stock worth $430,322,162. Insiders own 2.70% of the company’s stock.
Institutional Trading of Arista Networks
Institutional investors have recently bought and sold shares of the business. Lighthouse Financial Services Inc. ADV bought a new position in Arista Networks in the fourth quarter valued at approximately $1,549,000. Bensler LLC acquired a new position in Arista Networks during the fourth quarter valued at approximately $6,350,000. QRG Capital Management Inc. lifted its stake in Arista Networks by 6.4% during the fourth quarter. QRG Capital Management Inc. now owns 169,613 shares of the technology company’s stock worth $22,224,000 after purchasing an additional 10,217 shares during the last quarter. Reaves W H & Co. Inc. acquired a new stake in shares of Arista Networks in the 4th quarter valued at $3,058,000. Finally, Jefferies Financial Group Inc. boosted its holdings in shares of Arista Networks by 59.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 17,621 shares of the technology company’s stock valued at $2,309,000 after purchasing an additional 6,591 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.
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.
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