Arista Networks, Inc. (NYSE:ANET) Sees Significant Decrease in Short Interest

Arista Networks, Inc. (NYSE:ANET) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 12,815,409 shares, a decline of 35.6% from the July 15th total of 19,887,856 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 6,608,958 shares, the days-to-cover ratio is presently 1.9 days.

Arista Networks Stock Performance

Shares of NYSE:ANET traded down $5.82 on Wednesday, reaching $187.36. The company’s stock had a trading volume of 2,986,764 shares, compared to its average volume of 8,571,003. The company has a 50-day simple moving average of $175.81 and a 200 day simple moving average of $155.48. Arista Networks has a 52-week low of $114.52 and a 52-week high of $214.89. The company has a market cap of $236.30 billion, a P/E ratio of 59.12, a PEG ratio of 2.06 and a beta of 1.60.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. 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 previous year, the business posted $0.73 earnings per share. The business’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. On average, equities research analysts forecast that Arista Networks will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total value of $60,990,000.00. Following the completion of the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the transaction, the chief executive officer owned 16,387,981 shares in the company, valued at approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 4,334,197 shares of company stock valued at $798,500,786 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 buying an additional 1,188,799 shares in the last quarter. State Street Corp grew its stake in Arista Networks by 1.4% in the fourth quarter. State Street Corp now owns 46,970,697 shares of the technology company’s stock worth $6,154,570,000 after purchasing an additional 628,146 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Arista Networks by 1.0% during 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 purchasing an additional 380,724 shares during the period. Geode Capital Management LLC increased its holdings in Arista Networks by 1.8% during 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 purchasing an additional 477,625 shares during the period. Finally, Norges Bank bought a new stake in Arista Networks during the 4th quarter valued at $1,558,563,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

ANET has been the topic of several research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. TD Cowen upped their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $220.00 target price (up from $190.00) on shares of Arista Networks in a research note on Wednesday, August 5th. KeyCorp reiterated an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Jefferies Financial Group set a $250.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $226.05.

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.