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 Arista Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $169.09, for a total value of $1,352,720.00. Following the transaction, the director directly owned 200,333 shares in the company, valued at $33,874,306.97. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Trading Down 4.6%

Shares of ANET opened at $166.31 on Friday. The company has a market capitalization of $209.42 billion, a PE ratio of 56.96, a PEG ratio of 2.69 and a beta of 1.61. Arista Networks, Inc. has a 12 month low of $85.58 and a 12 month high of $179.80. The stock’s 50-day moving average price is $150.59 and its two-hundred day moving average price is $138.71.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. The firm 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%.The business’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 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Equities research analysts predict that Arista Networks, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ANET shares. Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. KeyCorp reaffirmed an “overweight” rating and set a $178.00 target price (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. TD Cowen reaffirmed a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Arista Networks in a report on Wednesday, May 6th. Rosenblatt Securities lifted their target price on Arista Networks from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised Arista Networks from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $185.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ANET. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks in the 4th quarter valued at about $26,000. Main Street Group LTD acquired a new position in shares of Arista Networks in the 1st quarter valued at about $26,000. Sankala Group LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new position in shares of Arista Networks in the 4th quarter valued at about $28,000. Finally, Knuff & Co LLC acquired a new position in shares of Arista Networks in the 3rd quarter valued at about $29,000. 82.47% of the stock is owned by institutional investors and hedge funds.

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.