Key Points
- Kelly Bodnar Battles sold 422 shares of Arista on Nov. 21 at an average price of $117.15 for about $49,437, reducing her stake by 4.49% to 8,980 shares, according to an SEC filing.
- Arista beat Q3 estimates with $0.75 EPS and $2.31 billion in revenue (revenue +27.5% YoY, 40.9% net margin), and analysts have raised targets to a consensus price of $164.31 (rated a "Moderate Buy").
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Kelly Bodnar Battles sold 422 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $117.15, for a total value of $49,437.30. Following the sale, the director directly owned 8,980 shares of the company's stock, valued at approximately $1,052,007. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Arista Networks Stock Performance
Shares of ANET opened at $125.08 on Wednesday. The firm has a market cap of $157.51 billion, a P/E ratio of 49.20, a PEG ratio of 3.37 and a beta of 1.48. Arista Networks, Inc. has a twelve month low of $59.43 and a twelve month high of $164.94. The firm's 50 day moving average price is $143.09 and its two-hundred day moving average price is $123.73.
Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's quarterly revenue was up 27.5% on a year-over-year basis. During the same period last year, the business posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Morgan Stanley set a $171.00 price target on shares of Arista Networks and gave the stock an "overweight" rating in a research note on Friday, October 10th. Wells Fargo & Company boosted their price objective on shares of Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Weiss Ratings restated a "hold (c+)" rating on shares of Arista Networks in a report on Monday. Finally, Evercore ISI lifted their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, Arista Networks has an average rating of "Moderate Buy" and a consensus target price of $164.31.
Check Out Our Latest Stock Report on Arista Networks
Hedge Funds Weigh In On Arista Networks
A number of institutional investors have recently added to or reduced their stakes in ANET. Bare Financial Services Inc grew its position in shares of Arista Networks by 2,118.2% in the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company's stock valued at $25,000 after acquiring an additional 233 shares during the period. AdvisorNet Financial Inc lifted its stake in Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after purchasing an additional 72 shares during the last quarter. Knuff & Co LLC bought a new position in Arista Networks during the third quarter worth about $29,000. Richardson Financial Services Inc. increased its position in Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company's stock worth $32,000 after buying an additional 130 shares during the last quarter. Finally, Saudi Central Bank acquired a new position in Arista Networks during the first quarter worth approximately $33,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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