Arista Networks (NYSE:ANET) Stock Price Down 3.7% – Time to Sell?

Arista Networks, Inc. (NYSE:ANET) traded down 3.7% during trading on Monday . The company traded as low as $135.13 and last traded at $136.5120. 17,878,842 shares were traded during trading, an increase of 110% from the average session volume of 8,525,166 shares. The stock had previously closed at $141.77.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore restated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research report on Friday, February 13th. UBS Group reiterated a “buy” rating and set a $187.00 price target (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Piper Sandler reiterated an “overweight” rating and set a $181.00 price target (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Zacks Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Finally, KeyCorp reiterated an “overweight” rating and set a $178.00 price target (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Three equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Arista Networks currently has a consensus rating of “Buy” and an average target price of $182.83.

Arista Networks Trading Down 3.7%

The company has a fifty day moving average of $143.25 and a two-hundred day moving average of $137.87. The stock has a market capitalization of $171.90 billion, a price-to-earnings ratio of 46.75, a price-to-earnings-growth ratio of 2.24 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its earnings results 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. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.65 EPS. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. As a group, sell-side analysts predict that Arista Networks, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Activity at Arista Networks

In other Arista Networks news, insider Kenneth Duda sold 32,000 shares of Arista Networks stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at $1,740,600.64. The trade was a 71.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jayshree Ullal sold 428,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $177.44, for a total value of $75,944,320.00. Following the completion of the transaction, the chief executive officer directly owned 5,209,207 shares in the company, valued at approximately $924,321,690.08. This 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. Over the last ninety days, insiders sold 1,502,729 shares of company stock worth $246,707,719. Company insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ANET. Brighton Jones LLC increased its position in Arista Networks by 321.7% in the 4th quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after buying an additional 5,955 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $202,000. Bison Wealth LLC acquired a new position in shares of Arista Networks in the fourth quarter valued at $251,000. Sivia Capital Partners LLC raised its stake in shares of Arista Networks by 48.4% in the second quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock valued at $1,097,000 after purchasing an additional 3,496 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of Arista Networks by 31.3% in the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock valued at $429,000 after purchasing an additional 1,000 shares in 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.