Arista Networks (NYSE:ANET) Trading Down 3.7% – Should You Sell?

Shares of Arista Networks, Inc. (NYSE:ANET) traded down 3.7% during trading on Monday . The company traded as low as $135.13 and last traded at $136.5120. 17,878,842 shares were traded during trading, an increase of 110% from the average session volume of 8,525,166 shares. The stock had previously closed at $141.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Rosenblatt Securities lifted their price target on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Citigroup dropped their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. KeyCorp reaffirmed an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a research note on Friday, February 13th. Zacks Research raised shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Barclays reaffirmed an “overweight” rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Three analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $182.83.

Arista Networks Trading Down 1.4%

The firm’s 50-day moving average price is $143.96 and its two-hundred day moving average price is $137.66. The stock has a market cap of $176.98 billion, a PE ratio of 48.13, a PEG ratio of 2.20 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating 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 company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. Arista Networks’s revenue for the quarter 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. On average, analysts anticipate that Arista Networks, Inc. will post 3.26 earnings per share for the current year.

Insider Activity at Arista Networks

In related news, Director Charles H. Giancarlo sold 8,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $175.40, for a total transaction of $1,403,200.00. Following the completion of the sale, the director owned 208,333 shares of the company’s stock, valued at $36,541,608.20. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total transaction of $1,378,127.80. Following the sale, the chief financial officer directly owned 60,734 shares of the company’s stock, valued at $9,414,984.68. The trade was a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,502,729 shares of company stock valued at $246,707,719 over the last three months. Company insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ANET. Brighton Jones LLC increased its stake in Arista Networks by 321.7% during the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks during the 4th quarter valued at approximately $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter worth $251,000. Sivia Capital Partners LLC increased its stake in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 3,496 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds 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.