Arista Networks (NYSE:ANET) Stock Price Down 3.2% - What's Next?

Key Points

• Arista Networks' stock price fell by 3.2% to trade between $141.25 and $144.55, following a decline in trading volume by 8% compared to its average session.
• Analysts have raised their price targets on the stock, with Barclays setting a new target of $179.00, reflecting a strong overall consensus rating of "Moderate Buy" among 18 analysts.
• CEO Jayshree Ullal sold 1.78 million shares of the company, reducing her ownership by 23.86% amid significant insider selling as over 6.67 million shares were sold by insiders in the last 90 days.

Arista Networks, Inc. (NYSE:ANET - Get Free Report)'s share price traded down 3.2% during mid-day trading on Thursday . The company traded as low as $141.25 and last traded at $144.55. 9,450,116 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 10,274,665 shares. The stock had previously closed at $149.27.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Arista Networks from $151.00 to $179.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Piper Sandler lifted their price objective on shares of Arista Networks from $89.00 to $143.00 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. 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 report on Wednesday, August 6th. Erste Group Bank upgraded shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. lifted their price objective 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. Eighteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arista Networks has a consensus rating of "Moderate Buy" and an average target price of $162.00.

Arista Networks Stock Performance

The stock has a market cap of $181.68 billion, a price-to-earnings ratio of 56.85, a PEG ratio of 3.04 and a beta of 1.47. The company's 50 day simple moving average is $136.30 and its 200 day simple moving average is $105.52.

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

Insider Activity

In other news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred 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 transaction, the chief executive officer owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 6,670,904 shares of company stock valued at $892,841,241. Insiders own 3.39% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Stablepoint Partners LLC raised its position in Arista Networks by 0.8% during 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 in the last quarter. Glenview Trust co increased its holdings in shares of 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 acquiring an additional 84 shares during the period. Telos Capital Management Inc. increased its holdings 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 valued at $947,000 after acquiring an additional 88 shares during the period. Wealthcare Advisory Partners LLC increased its holdings 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 valued at $618,000 after acquiring an additional 95 shares during the period. Finally, Putney Financial Group LLC increased its holdings 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 valued at $1,447,000 after acquiring an additional 95 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

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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