Arista Networks (NYSE:ANET) Shares Down 2.1% After Insider Selling

Arista Networks, Inc. (NYSE:ANET)’s stock price traded down 2.1% during trading on Wednesday following insider selling activity. The stock traded as low as $163.93 and last traded at $164.5080. 6,080,361 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 8,722,695 shares. The stock had previously closed at $168.01.

Specifically, major shareholder Andreas Bechtolsheim sold 260,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a report on Friday, May 15th. Rosenblatt Securities boosted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Barclays reaffirmed an “overweight” rating and set a $195.00 price target (up from $184.00) on shares of Arista Networks in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Truist Financial set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $187.63.

Arista Networks Stock Performance

The firm has a fifty day simple moving average of $157.61 and a 200-day simple moving average of $141.24. The firm has a market cap of $213.86 billion, a price-to-earnings ratio of 58.16, a P/E/G ratio of 2.54 and a beta of 1.61.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Analysts expect that Arista Networks, Inc. will post 3.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PVG Asset Management Corp bought a new position in Arista Networks in the 1st quarter valued at about $176,000. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Arista Networks during the first quarter worth approximately $5,279,000. Pine Valley Investments Ltd Liability Co grew its position in shares of Arista Networks by 31.5% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 10,031 shares of the technology company’s stock valued at $1,232,000 after purchasing an additional 2,404 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Arista Networks by 20.1% in the first quarter. NewEdge Advisors LLC now owns 124,424 shares of the technology company’s stock valued at $15,277,000 after purchasing an additional 20,797 shares during the last quarter. Finally, First Nebraska Trust Co acquired a new position in shares of Arista Networks in the first quarter valued at approximately $1,807,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Company Profile

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.