Arista Networks (NYSE:ANET) Stock: Insider Mark Templeton Sells 5,000 Shares

Arista Networks, Inc. (NYSE:ANET) Director Mark Templeton sold 5,000 shares of Arista Networks stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $165.85, for a total value of $829,250.00. Following the transaction, the director directly owned 43,410 shares in the company, valued at approximately $7,199,548.50. This trade represents a 10.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Price Performance

Shares of NYSE:ANET opened at $159.21 on Friday. Arista Networks, Inc. has a 1-year low of $114.52 and a 1-year high of $217.41. The firm has a fifty day moving average price of $193.20 and a 200 day moving average price of $165.48. The stock has a market cap of $200.80 billion, a P/E ratio of 42.80, a P/E/G ratio of 2.06 and a beta of 1.61.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. Arista Networks had a return on equity of 32.20% and a net margin of 39.97%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business earned $0.75 EPS. The firm’s revenue was up 58.5% compared to the same quarter last year. Sell-side analysts expect that Arista Networks, Inc. will post 3.80 EPS for the current fiscal year.

Institutional Investors Weigh In On Arista Networks

Large investors have recently bought and sold shares of the stock. State Street Corp increased its stake in shares of Arista Networks by 159.4% during the second quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Arista Networks by 34.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 9,725,196 shares of the technology company’s stock worth $1,712,788,000 after buying an additional 2,497,275 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the period. Deutsche Bank AG grew its stake in shares of Arista Networks by 4.3% in the second quarter. Deutsche Bank AG now owns 9,357,496 shares of the technology company’s stock valued at $1,589,651,000 after acquiring an additional 388,354 shares in the last quarter. Finally, Amundi raised its stake in Arista Networks by 5.7% in the 1st quarter. Amundi now owns 9,064,443 shares of the technology company’s stock worth $1,112,932,000 after purchasing an additional 491,173 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the topic of several research analyst reports. Citigroup restated a “buy” rating and set a $248.00 target price (up from $215.00) on shares of Arista Networks in a research report on Thursday, October 8th. Barclays cut their price target on shares of Arista Networks from $289.00 to $236.00 and set an “overweight” rating for the company in a report on Wednesday. Zacks Research cut shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Finally, Bank of America restated a “buy” rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $240.24.

More Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista’s Q3 revenue rose 58.5% year over year to $3.66 billion, beating the $3.33 billion consensus, while adjusted EPS of $1.20 topped the $1.08 estimate. Management also projected about $18.5 billion in 2027 revenue—above Wall Street expectations—and expects AI-fabric revenue to double to roughly $7 billion. Article: Should You Add ANET Stock to Your Portfolio Post Solid Q3 Earnings?
• Neutral Sentiment: Insiders reported share sales, including director Mark Templeton’s 5,000-share sale and major shareholder Andreas Bechtolsheim’s sale of 267,892 shares. The transactions were made under pre-arranged Rule 10b5-1 plans; Bechtolsheim retained a very large stake. Article: Insider Selling at Arista Networks
• Negative Sentiment: Investors are selling AI hardware and networking stocks broadly, with reports attributing the pressure to policy concerns after the election. The sector-wide risk-off mood has overshadowed Arista’s growth outlook. Article: Arista Sinks as AI Selloff Deepens
• Negative Sentiment: Despite the positive guidance, analysts note execution and supply capacity risks, while Arista’s premium valuation and expected pressure on gross margins from a greater hardware mix leave the stock vulnerable to shifts in investor sentiment. Article: Arista Networks Stocks Fall Despite a Strong Networking Outlook

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.