Arista Networks (NYSE:ANET) Director Sells 5,000 Shares of Stock

Key Points

• Arista Networks director Mark Templeton sold 5,000 shares at an average price of $204.37, generating approximately $1.02 million. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his direct ownership by 9.36%.
• Arista reported quarterly EPS of $1.02, exceeding the $0.89 consensus estimate, while revenue rose 37.7% year over year to $3.04 billion. The stock was trading near its 12-month high, with a market capitalization of about $260.9 billion.
• Wall Street maintained a broadly bullish view, with a consensus “Buy” rating and an average price target of $231.70. Institutional investors own approximately 82.47% of the company.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Mark Templeton sold 5,000 shares of Arista Networks stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares in the company, valued at $9,893,551.70. The trade was a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Performance

NYSE ANET traded down $0.49 during trading on Monday, reaching $206.86. The company's stock had a trading volume of 3,559,946 shares, compared to its average volume of 4,575,653. Arista Networks, Inc. has a twelve month low of $114.52 and a twelve month high of $214.89. The firm has a market cap of $260.90 billion, a price-to-earnings ratio of 65.26, a P/E/G ratio of 2.44 and a beta of 1.60. The business's fifty day moving average price is $194.51 and its 200-day moving average price is $170.06.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same period in the prior year, the business earned $0.73 EPS. The firm's revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ANET shares. Zacks Research upgraded Arista Networks from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Morgan Stanley restated an "overweight" rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research report on Wednesday, August 5th. UBS Group reiterated a "buy" rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Citigroup reaffirmed a "buy" rating on shares of Arista Networks in a research note on Thursday, August 6th. Finally, KeyCorp reiterated an "overweight" rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $231.70.

Institutional Trading of Arista Networks

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Horizons Wealth Management purchased a new stake in Arista Networks in the third quarter valued at approximately $163,000. Neville Rodie & Shaw Inc. purchased a new position in Arista Networks in the third quarter valued at approximately $4,026,000. Baker Tilly Wealth Management LLC purchased a new position in shares of Arista Networks in the 3rd quarter valued at $280,000. Ferguson Wellman Capital Management Inc. increased its holdings in Arista Networks by 2,827.9% in the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 52,381 shares of the technology company's stock valued at $10,664,000 after purchasing an additional 50,592 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Arista Networks by 1,049.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 96,781 shares of the technology company's stock worth $19,704,000 after buying an additional 88,361 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company's software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.

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