Key Points
- Arista Networks director Kelly Bodnar Battles sold 422 shares on May 21 at an average price of $146.44, totaling $61,797.68. After the pre-arranged Rule 10b5-1 sale, she still held 10,078 shares valued at about $1.48 million.
- The stock was trading higher and has strong recent performance metrics, opening at $158.21 and up 2.7% on the day. Arista has a market cap of about $199.22 billion and recently traded near its 50-day and 200-day moving averages of $146.24 and $137.17, respectively.
- Arista beat quarterly expectations and analysts remain bullish, reporting Q1 EPS of $0.87 versus $0.81 expected and revenue of $2.71 billion versus $2.62 billion expected. Wall Street’s consensus rating is “Buy,” with an average target price of $181.84.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Kelly Bodnar Battles sold 422 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $146.44, for a total value of $61,797.68. Following the transaction, the director directly owned 10,078 shares in the company, valued at approximately $1,475,822.32. This represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Arista Networks Trading Up 2.7%
Shares of NYSE ANET opened at $158.21 on Wednesday. The stock has a market cap of $199.22 billion, a price-to-earnings ratio of 54.18, a P/E/G ratio of 2.37 and a beta of 1.67. Arista Networks, Inc. has a 1-year low of $83.86 and a 1-year high of $179.80. The stock's 50-day moving average is $146.24 and its 200 day moving average is $137.17.
Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analysts' expectations of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.Arista Networks's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts forecast that Arista Networks, Inc. will post 3.28 EPS for the current fiscal year.
Institutional Trading of Arista Networks
Several hedge funds and other institutional investors have recently bought and sold shares of ANET. Norges Bank bought a new stake in Arista Networks in the fourth quarter valued at approximately $1,558,563,000. Arrowstreet Capital Limited Partnership lifted its position in Arista Networks by 82.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 9,587,115 shares of the technology company's stock valued at $1,396,939,000 after purchasing an additional 4,332,659 shares during the last quarter. M&T Bank Corp lifted its position in Arista Networks by 3,182.7% in the fourth quarter. M&T Bank Corp now owns 4,012,373 shares of the technology company's stock valued at $525,741,000 after purchasing an additional 3,890,146 shares during the last quarter. Franklin Resources Inc. lifted its position in Arista Networks by 59.3% in the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company's stock valued at $1,032,302,000 after purchasing an additional 2,934,098 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in Arista Networks by 86.0% in the first quarter. Pictet Asset Management Holding SA now owns 4,240,951 shares of the technology company's stock valued at $520,168,000 after purchasing an additional 1,960,829 shares during the last quarter. Institutional investors own 82.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on ANET. TD Cowen reissued 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. Evercore reissued an "outperform" rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Needham & Company LLC reissued a "buy" rating and set a $185.00 price objective on shares of Arista Networks in a report on Wednesday, May 6th. Susquehanna raised Arista Networks to a "strong-buy" rating in a report on Wednesday, April 1st. Finally, Piper Sandler reissued an "overweight" rating and set a $181.00 price objective (up from $175.00) on shares of Arista Networks in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $181.84.
Read Our Latest Research 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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