Key Points
- Director Charles Giancarlo sold 8,000 shares at an average price of $140.43 on Feb. 2 for $1,123,440, reducing his stake by 44.98% to 9,784 shares (about $1.37M).
- Strong quarterly results: Arista reported $0.75 EPS (vs. $0.72 expected) and $2.31B revenue, up 27.5% year‑over‑year, with a 39.7% net margin.
- The stock has a market cap of $164.09B and a PE of ~49.5, with a consensus rating of "Moderate Buy" and an average analyst target of $164.44 (one‑year range $59.43–$164.94).
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Charles Giancarlo sold 8,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $140.43, for a total value of $1,123,440.00. Following the transaction, the director directly owned 9,784 shares in the company, valued at approximately $1,373,967.12. The trade was a 44.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Arista Networks Price Performance
Arista Networks stock opened at $130.30 on Thursday. Arista Networks, Inc. has a one year low of $59.43 and a one year high of $164.94. The business's fifty day moving average is $131.64 and its 200 day moving average is $135.80. The stock has a market capitalization of $164.09 billion, a PE ratio of 49.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.42.
Arista Networks (NYSE:ANET - Get Free Report) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.26 billion. Arista Networks had a net margin of 39.73% and a return on equity of 30.28%. The business's revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.40 EPS. As a group, sell-side analysts expect that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.
Institutional Trading of Arista Networks
A number of large investors have recently added to or reduced their stakes in ANET. Mainsail Asset Management LLC purchased a new stake in shares of Arista Networks during the 4th quarter worth approximately $213,000. Catalyst Financial Partners LLC increased its position in Arista Networks by 7.3% in the fourth quarter. Catalyst Financial Partners LLC now owns 4,308 shares of the technology company's stock worth $564,000 after purchasing an additional 294 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Arista Networks by 0.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 118,264 shares of the technology company's stock valued at $15,496,000 after purchasing an additional 476 shares in the last quarter. Ameritas Advisory Services LLC lifted its position in Arista Networks by 110.5% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,407 shares of the technology company's stock valued at $708,000 after purchasing an additional 2,838 shares during the last quarter. Finally, AIFG Consultants Ltd. lifted its position in Arista Networks by 31.0% during the fourth quarter. AIFG Consultants Ltd. now owns 3,171 shares of the technology company's stock valued at $415,000 after purchasing an additional 750 shares during the last quarter. Institutional investors own 82.47% of the company's stock.
Analyst Ratings Changes
A number of research firms recently issued reports on ANET. Erste Group Bank downgraded shares of Arista Networks from a "buy" rating to a "hold" rating in a report on Monday, November 10th. Piper Sandler raised shares of Arista Networks from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $145.00 to $159.00 in a research note on Monday, January 5th. Morgan Stanley decreased their price objective on shares of Arista Networks from $171.00 to $159.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 17th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $140.00 target price on shares of Arista Networks in a report on Monday, November 24th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Arista Networks in a report on Monday, December 29th. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $164.44.
Check Out Our Latest Stock Report on Arista Networks
Arista Networks Company Profile
(
Get Free Report)
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.
Further Reading
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