Arista Networks (NYSE:ANET) Sets New 52-Week High – Here’s What Happened

Arista Networks, Inc. (NYSE:ANET)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $181.27 and last traded at $180.9310, with a volume of 11852651 shares traded. The stock had previously closed at $166.46.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Truist Financial set a $175.00 target price on shares of Arista Networks in a research note on Wednesday, May 6th. Citigroup cut their price target on shares of Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Wolfe Research reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Arista Networks in a report on Wednesday, June 10th. TD Cowen reaffirmed a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Susquehanna upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and an average target price of $187.63.

Arista Networks Stock Up 1.5%

The stock has a market capitalization of $236.05 billion, a price-to-earnings ratio of 64.14, a price-to-earnings-growth ratio of 2.79 and a beta of 1.60. The stock’s 50-day simple moving average is $159.41 and its 200 day simple moving average is $145.45.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The company’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, equities research analysts anticipate that Arista Networks, Inc. will post 3.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Andreas Bechtolsheim sold 260,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $165.57, for a total transaction of $43,048,200.00. Following the sale, the insider owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 428,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the sale, the chief executive officer owned 5,209,207 shares of the company’s stock, valued at approximately $924,321,690.08. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 3,147,080 shares of company stock worth $513,396,642. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $1,558,563,000. Arrowstreet Capital Limited Partnership boosted its position in Arista Networks by 82.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company’s stock valued at $1,396,939,000 after buying an additional 4,332,659 shares during the last quarter. M&T Bank Corp boosted its position in Arista Networks by 3,182.7% in the 4th quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company’s stock valued at $525,741,000 after buying an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Arista Networks by 59.3% in the 4th quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after buying an additional 2,934,098 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in shares of Arista Networks by 86.0% during the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company’s stock worth $520,168,000 after acquiring an additional 1,960,829 shares during the last quarter. 82.47% of the stock is owned by institutional investors.

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.