Arista Networks (NYSE:ANET) Director Charles Giancarlo Sells 58,000 Shares

Key Points

• Arista Networks Director Charles Giancarlo sold 58,000 shares on September 19th, generating $8.6 million from the sale, with shares priced at an average of $148.42.
• The company's stock recently traded at $143.82 and has a market cap of $180.76 billion, reflecting a significant increase in revenue of 30.4% year-over-year.
• Analysts have set a consensus rating of "Moderate Buy" on Arista Networks, with an average price target of $157.88, indicating strong investor confidence.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Charles Giancarlo sold 58,000 shares of the business's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $148.42, for a total transaction of $8,608,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Arista Networks Price Performance

Arista Networks stock traded down $1.58 during trading hours on Tuesday, reaching $143.82. The stock had a trading volume of 8,207,847 shares, compared to its average volume of 9,536,023. The company has a market cap of $180.76 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 3.03 and a beta of 1.50. The business's 50 day moving average price is $132.32 and its 200-day moving average price is $103.02. Arista Networks, Inc. has a 52 week low of $59.43 and a 52 week high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Stablepoint Partners LLC raised its stake in Arista Networks by 0.8% in the 2nd quarter. Stablepoint Partners LLC now owns 9,406 shares of the technology company's stock valued at $962,000 after purchasing an additional 77 shares during the last quarter. Glenview Trust co raised its stake in Arista Networks by 2.5% in the 2nd quarter. Glenview Trust co now owns 3,502 shares of the technology company's stock valued at $358,000 after purchasing an additional 84 shares during the last quarter. Telos Capital Management Inc. increased its stake in shares of Arista Networks by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company's stock worth $947,000 after acquiring an additional 88 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Arista Networks by 1.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company's stock worth $618,000 after acquiring an additional 95 shares during the last quarter. Finally, Putney Financial Group LLC increased its stake in shares of Arista Networks by 0.7% in the 2nd quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company's stock worth $1,447,000 after acquiring an additional 95 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ANET shares. Redburn Atlantic started coverage on Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 price target on the stock. Erste Group Bank upgraded Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Rosenblatt Securities boosted their price target on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. William Blair reiterated an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Finally, Citigroup upped their target price on Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $157.88.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.

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