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

Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the completion of the transaction, the director owned 10,078 shares of the company’s stock, valued at approximately $1,475,822.32. This represents a 4.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Up 2.7%

Shares of NYSE ANET opened at $158.21 on Wednesday. Arista Networks, Inc. has a 52 week low of $83.86 and a 52 week high of $179.80. The business has a 50-day simple moving average of $146.24 and a two-hundred day simple moving average of $137.17. The company has a market cap of $199.22 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.37 and a beta of 1.67.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The business had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.65 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts anticipate that Arista Networks, Inc. will post 3.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ANET. TD Cowen restated a “buy” rating and issued a $200.00 target price (up from $170.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. The Goldman Sachs Group restated a “buy” rating and issued a $188.00 target price (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Barclays restated an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Finally, UBS Group restated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $181.84.

Institutional Trading of Arista Networks

A number of large investors have recently modified their holdings of the business. Intrua Financial LLC boosted its position in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after acquiring an additional 61 shares during the last quarter. NBT Bank N A NY boosted its position in shares of Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after acquiring an additional 67 shares during the last quarter. Hoxton Planning & Management LLC boosted its position in shares of Arista Networks by 4.1% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock valued at $214,000 after acquiring an additional 68 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Arista Networks by 0.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock valued at $2,133,000 after acquiring an additional 70 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in shares of Arista Networks by 8.8% during the 1st quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock valued at $107,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

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.