Arista Networks (NYSE:ANET) Director Sells 8,000 Shares

Key Points

• Arista Networks Director Charles Giancarlo sold 8,000 shares at an average price of $147.49, totaling approximately $1.18 million, reducing his ownership in the company by 16.07%.
• The company reported a 30.4% year-over-year revenue increase in its latest quarterly earnings, with earnings per share (EPS) beats and a net margin of 40.90%.
• Equities analysts have shown bullish sentiment towards Arista Networks, with an average price target of $162.00 and 19 analysts issuing a "Buy" rating.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Charles Giancarlo sold 8,000 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $147.49, for a total transaction of $1,179,920.00. Following the transaction, the director directly owned 41,784 shares of the company's stock, valued at $6,162,722.16. The trade was a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arista Networks Trading Up 0.7%

ANET stock traded up $1.05 on Friday, hitting $145.51. 7,127,336 shares of the company's stock traded hands, compared to its average volume of 9,700,280. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $156.32. The stock has a market cap of $182.88 billion, a price-to-earnings ratio of 57.23, a P/E/G ratio of 3.01 and a beta of 1.47. The stock has a fifty day moving average of $136.91 and a 200-day moving average of $105.93.

Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion for 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%. Arista Networks's revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arista Networks

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in Arista Networks by 321.7% in the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company's stock valued at $863,000 after acquiring an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Arista Networks in the fourth quarter valued at $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks during the fourth quarter worth about $251,000. NBC Securities Inc. acquired a new stake in shares of Arista Networks during the first quarter worth about $84,000. Finally, Merit Financial Group LLC boosted its stake in shares of Arista Networks by 113.0% during the first quarter. Merit Financial Group LLC now owns 51,629 shares of the technology company's stock worth $4,000,000 after buying an additional 27,387 shares during the period. Hedge funds and other institutional investors own 82.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ANET shares. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Wells Fargo & Company lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. KeyCorp lifted their price objective on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup boosted their target price on shares of Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Finally, Rosenblatt Securities boosted their price objective on shares of Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, September 12th. Nineteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $162.00.

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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