Arista Networks (NYSE:ANET) Insider Kenneth Duda Sells 30,000 Shares

Key Points

• Insider Kenneth Duda of Arista Networks sold 30,000 shares on October 17th for a total of $4.28 million, resulting in a 69.81% decrease in his ownership position.
• The stock reached a trading price of $145.87 with a market capitalization of $183.34 billion and a P/E ratio of 57.37.
• Analysts have set a consensus target price of $163.94 for Arista Networks, with 19 out of 23 rating the stock as a "Buy."

Arista Networks, Inc. (NYSE:ANET - Get Free Report) insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Friday, October 17th. The shares were sold at an average price of $142.75, for a total transaction of $4,282,500.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Kenneth Duda also recently made the following trade(s):

• On Friday, October 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $142.75, for a total transaction of $3,711,500.00.
• On Wednesday, September 17th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The shares were sold at an average price of $141.80, for a total transaction of $3,686,800.00.
• On Wednesday, September 17th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The shares were sold at an average price of $141.79, for a total transaction of $4,253,700.00.
• On Monday, August 18th, Kenneth Duda sold 26,000 shares of Arista Networks stock. The stock was sold at an average price of $136.51, for a total transaction of $3,549,260.00.
• On Monday, August 18th, Kenneth Duda sold 30,000 shares of Arista Networks stock. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00.

Arista Networks Price Performance

Arista Networks stock traded down $0.61 during midday trading on Tuesday, reaching $145.87. 3,646,830 shares of the company traded hands, compared to its average volume of 10,166,530. The firm has a market capitalization of $183.34 billion, a price-to-earnings ratio of 57.37, a price-to-earnings-growth ratio of 2.98 and a beta of 1.47. The business has a 50 day moving average of $142.29 and a two-hundred day moving average of $112.00. Arista Networks, Inc. has a 12 month low of $59.43 and a 12 month high of $162.68.

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, topping the consensus estimate 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%. The company's quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current year.

Institutional Investors Weigh In On Arista Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Bare Financial Services Inc grew its holdings in shares of Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock worth $25,000 after buying an additional 233 shares in the last quarter. HighMark Wealth Management LLC grew its holdings in shares of Arista Networks by 179.7% during the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company's stock worth $28,000 after buying an additional 230 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of Arista Networks by 56.7% during the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock worth $29,000 after buying an additional 72 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Arista Networks during the first quarter worth $30,000. Finally, Saudi Central Bank purchased a new stake in shares of Arista Networks during the first quarter worth $33,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Citigroup raised their target price on shares of Arista Networks from $136.00 to $176.00 and gave the company a "buy" rating in a research report on Friday, September 12th. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 target price on the stock in a research report on Thursday, September 25th. Morgan Stanley set a $171.00 target price on shares of Arista Networks and gave the company an "overweight" rating in a research report on Friday, October 10th. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, BNP Paribas raised shares of Arista Networks from a "hold" rating to an "outperform" rating in a research report on Thursday, September 25th. Nineteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average target price of $163.94.

Arista Networks Company Profile

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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