Arista Networks (NYSE:ANET) Shares Down 1.1% - What's Next?

Key Points

• Arista Networks' stock fell by 1.1% to $143.82, with trading volume down 21% from the average.
• Analysts have raised their price targets for Arista Networks to as high as $185, with a consensus rating of "Moderate Buy."
• Insider selling has occurred recently, including CEO Jayshree Ullal selling 1.8 million shares, reducing her ownership by 23.86%.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) fell 1.1% during mid-day trading on Tuesday . The stock traded as low as $143.02 and last traded at $143.82. 8,194,551 shares traded hands during trading, a decline of 21% from the average session volume of 10,408,622 shares. The stock had previously closed at $145.40.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Melius Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Wolfe Research raised their price objective on Arista Networks from $160.00 to $185.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. KeyCorp raised their price objective on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Erste Group Bank raised Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, Citigroup raised their price objective on Arista Networks from $136.00 to $176.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.88.

Arista Networks Trading Down 1.1%

The stock has a 50-day simple moving average of $131.59 and a 200 day simple moving average of $102.73. The company has a market cap of $180.76 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 3.12 and a beta of 1.49.

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

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders have sold 7,582,614 shares of company stock valued at $983,487,717. Insiders own 3.54% of the company's stock.

Hedge Funds Weigh In On Arista Networks

Large investors have recently made changes to their positions in the company. Bare Financial Services Inc boosted its position in 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 purchasing an additional 233 shares in the last quarter. HighMark Wealth Management LLC boosted its position in 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 purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Arista Networks during the first quarter worth approximately $30,000. Saudi Central Bank purchased a new position in Arista Networks during the first quarter worth approximately $33,000. Finally, REAP Financial Group LLC boosted its position in Arista Networks by 108.0% during the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company's stock worth $34,000 after purchasing an additional 175 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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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