Charles Giancarlo Sells 8,000 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Charles Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $167.06, for a total transaction of $1,336,480.00. Following the completion of the transaction, the director directly owned 192,333 shares in the company, valued at approximately $32,131,150.98. The trade was a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Performance

Shares of Arista Networks stock traded up $13.30 on Monday, hitting $173.29. 8,498,611 shares of the company’s stock were exchanged, compared to its average volume of 8,764,199. Arista Networks, Inc. has a 1 year low of $100.33 and a 1 year high of $179.80. The company has a 50-day simple moving average of $159.07 and a 200-day simple moving average of $144.04. The stock has a market capitalization of $218.21 billion, a PE ratio of 59.35, a PEG ratio of 2.47 and a beta of 1.60.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts expect that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

ANET has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Zacks Research cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Bank of America boosted their price objective on Arista Networks from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Susquehanna raised Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $187.63.

Hedge Funds Weigh In On Arista Networks

Several institutional investors have recently bought and sold shares of ANET. Vanguard Group Inc. boosted its holdings in shares of Arista Networks by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 101,189,629 shares of the technology company’s stock valued at $13,258,877,000 after purchasing an additional 1,188,799 shares during the last quarter. State Street Corp grew its holdings in Arista Networks by 1.4% during 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 buying an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Arista Networks by 1.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,171,766 shares of the technology company’s stock worth $4,870,618,000 after acquiring an additional 380,724 shares during the last quarter. Geode Capital Management LLC increased its stake in Arista Networks by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 26,447,629 shares of the technology company’s stock worth $3,455,095,000 after acquiring an additional 477,625 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Arista Networks during the 4th quarter worth approximately $1,558,563,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

About Arista Networks

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.