Kelly Bodnar Battles Sells 422 Shares of Arista Networks (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles sold 422 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $146.44, for a total value of $61,797.68. Following the sale, the director owned 10,078 shares in the company, valued at $1,475,822.32. This trade represents a 4.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arista Networks Stock Down 2.4%

ANET stock opened at $154.17 on Thursday. Arista Networks, Inc. has a 52-week low of $83.86 and a 52-week high of $179.80. The stock’s fifty day simple moving average is $146.62 and its 200-day simple moving average is $137.31. The stock has a market capitalization of $194.13 billion, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 2.43 and a beta of 1.67.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) 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 business had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue 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, analysts anticipate that Arista Networks, Inc. will post 3.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Arista Networks in the fourth quarter valued at $26,000. Main Street Group LTD purchased a new position in Arista Networks in the first quarter valued at about $26,000. Sankala Group LLC purchased a new position in Arista Networks in the fourth quarter valued at about $27,000. Prosperity Bancshares Inc purchased a new position in Arista Networks in the fourth quarter valued at about $28,000. Finally, Knuff & Co LLC purchased a new position in Arista Networks in the third quarter valued at about $29,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Susquehanna upgraded Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Evercore restated an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Wells Fargo & Company lifted their target price on Arista Networks from $175.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Truist Financial set a $175.00 target price on Arista Networks in a report on Wednesday, May 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $181.00 target price (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, nineteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $185.72.

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.