Arista Networks (NYSE:ANET) Trading Down 2.2% – Here’s What Happened

Shares of Arista Networks, Inc. (NYSE:ANET) fell 2.2% on Thursday . The company traded as low as $163.68 and last traded at $168.1150. Approximately 8,400,415 shares were traded during trading, a decline of 4% from the average session volume of 8,760,517 shares. The stock had previously closed at $171.92.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley restated an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. Truist Financial set a $175.00 price target on Arista Networks in a research note on Wednesday, May 6th. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Wells Fargo & Company reissued an “overweight” rating and set a $200.00 price objective (up from $185.00) on shares of Arista Networks in a research report on Thursday. Finally, KeyCorp restated an “overweight” rating and set a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Arista Networks presently has an average rating of “Buy” and a consensus price target of $188.95.

Arista Networks Trading Up 0.0%

The company has a market cap of $212.30 billion, a PE ratio of 57.74, a P/E/G ratio of 2.60 and a beta of 1.60. The firm has a 50 day moving average of $161.75 and a two-hundred day moving average of $147.25.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly 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. On average, research analysts forecast that Arista Networks, Inc. will post 3.27 EPS for the current year.

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the transaction, the insider owned 182,543,048 shares in the company, valued at $30,223,652,457.36. The trade was a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total transaction of $75,944,320.00. Following the sale, the chief executive officer directly owned 5,209,207 shares in the company, valued at $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,092,983 shares of company stock valued at $519,161,650. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Arista Networks

Institutional investors have recently made changes to their positions in the company. Board of the Pension Protection Fund purchased a new stake in Arista Networks during the 4th quarter valued at $26,000. Main Street Group LTD bought a new position in shares of Arista Networks during the first quarter valued at $26,000. Sankala Group LLC purchased a new stake in shares of Arista Networks during the fourth quarter valued at $27,000. Prosperity Bancshares Inc purchased a new stake in shares of Arista Networks during the fourth quarter valued at $28,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in Arista Networks in the 4th quarter worth about $30,000. Hedge funds and other 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.