Kelly Bodnar Battles Sells 422 Shares of Arista Networks (NYSE:ANET) Stock

Key Points

• Arista Networks director Kelly Bodnar Battles sold 422 shares for approximately $79,057 at an average price of $187.34 under a pre-arranged Rule 10b5-1 plan, reducing her holdings by 3.98% to 10,194 shares.
• Arista shares rose 1.4% to $190.75, while the company reported quarterly revenue of $3.04 billion and adjusted EPS of $1.02, surpassing analyst estimates and marking 37.7% year-over-year revenue growth.
• Wall Street remains broadly bullish, with the stock carrying a consensus “Buy” rating and an average price target of $226.05; institutional investors own 82.47% of the shares.

Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction on Friday, August 21st. The stock was sold at an average price of $187.34, for a total transaction of $79,057.48. Following the transaction, the director owned 10,194 shares in the company, valued at approximately $1,909,743.96. This trade represents a 3.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Up 1.4%

Arista Networks stock traded up $2.60 during midday trading on Tuesday, hitting $190.75. 4,384,311 shares of the stock were exchanged, compared to its average volume of 8,122,694. The business's 50-day moving average price is $178.40 and its 200-day moving average price is $157.17. Arista Networks, Inc. has a 52-week low of $114.52 and a 52-week high of $214.89. The stock has a market capitalization of $240.58 billion, a price-to-earnings ratio of 60.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.60.

Arista Networks (NYSE:ANET - Get Free Report) last released its earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The business had revenue of $3.04 billion for the quarter, compared to analysts' expectations of $2.83 billion. During the same quarter in the prior year, the firm earned $0.73 earnings per share. The firm's revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, sell-side analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ANET shares. Morgan Stanley reiterated an "overweight" rating and issued a $220.00 price target (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. UBS Group restated a "buy" rating and set a $259.00 price target (up from $187.00) on shares of Arista Networks in a report on Wednesday, August 5th. Wells Fargo & Company restated an "overweight" rating and issued a $255.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wolfe Research restated an "outperform" rating and set a $175.00 target price on shares of Arista Networks in a research report on Wednesday, June 10th. Finally, Raymond James Financial raised Arista Networks from a "market perform" rating to an "outperform" rating and set a $164.00 price target for the company in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $226.05.

Hedge Funds Weigh In On Arista Networks

A number of large investors have recently modified their holdings of ANET. California State Teachers Retirement System increased its stake in Arista Networks by 17,042.6% in the 2nd quarter. California State Teachers Retirement System now owns 272,793,984 shares of the technology company's stock valued at $46,342,242,000 after buying an additional 271,202,666 shares during the last quarter. State Street Corp increased its stake in shares of Arista Networks by 1.4% in the 4th quarter. State Street Corp now owns 46,970,697 shares of the technology company's stock valued at $6,154,570,000 after acquiring an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Arista Networks by 1.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company's stock valued at $4,870,618,000 after buying an additional 380,724 shares during the last quarter. Geode Capital Management LLC grew its holdings in Arista Networks by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company's stock valued at $3,455,095,000 after purchasing an additional 477,625 shares during the period. Finally, Norges Bank purchased a new position in shares of Arista Networks during the 4th quarter valued at $1,558,563,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Company Profile

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.

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