Arista Networks (NYSE:ANET) Price Target Cut to $205.00 by Analysts at TD Cowen

Key Points

• TD Cowen lowered Arista Networks’ price target to $205 from $250 while maintaining a “buy” rating, implying roughly 12% upside from the stock’s current price.
• Despite the cut, analyst sentiment remains positive: Arista has an average “Buy” rating and a consensus price target of $233.20, with other firms recently raising their targets.
• Arista reported strong quarterly results, including $1.02 in EPS versus $0.89 expected and $3.04 billion in revenue, up 37.7% year over year. Insiders have sold more than $733 million in shares over the past 90 days.

Arista Networks (NYSE:ANET - Get Free Report) had its price target reduced by equities research analysts at TD Cowen from $250.00 to $205.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. TD Cowen's price target indicates a potential upside of 12.09% from the stock's current price.

Several other research firms have also commented on ANET. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research report on Wednesday, July 15th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $255.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial boosted their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. KeyCorp reissued an "overweight" rating and set a $250.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Finally, Bank of America reissued a "buy" rating and set a $240.00 target price (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $233.20.

Arista Networks Trading Up 3.3%

ANET opened at $182.88 on Monday. The firm has a market cap of $230.65 billion, a price-to-earnings ratio of 57.69, a PEG ratio of 2.06 and a beta of 1.60. Arista Networks has a 12 month low of $114.52 and a 12 month high of $217.41. The stock has a fifty day moving average price of $198.29 and a 200-day moving average price of $175.18.

Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.13. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%. The firm had revenue of $3.04 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period in the prior year, the business posted $0.73 EPS. The firm's quarterly revenue was up 37.7% on a year-over-year basis. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, equities research analysts forecast that Arista Networks will post 3.79 EPS for the current year.

Insider Buying and Selling

In other Arista Networks news, insider Kenneth Duda sold 17,333 shares of the company's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $2,640,616. This represents a 57.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark B. Templeton sold 5,000 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $204.37, for a total transaction of $1,021,850.00. Following the completion of the transaction, the director directly owned 48,410 shares of the company's stock, valued at approximately $9,893,551.70. This represents a 9.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,584,116 shares of company stock worth $733,396,013 over the last ninety days. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Arista Networks

A number of large investors have recently made changes to their positions in the stock. Cura Wealth Advisors LLC increased its stake in shares of Arista Networks by 3.1% during the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company's stock worth $297,000 after purchasing an additional 52 shares during the period. Affinity Capital Advisors LLC lifted its holdings in Arista Networks by 1.4% during the 3rd quarter. Affinity Capital Advisors LLC now owns 3,770 shares of the technology company's stock worth $817,000 after purchasing an additional 53 shares during the last quarter. Madison Wealth Partners Inc lifted its holdings in Arista Networks by 2.8% during the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company's stock worth $370,000 after purchasing an additional 60 shares during the last quarter. Intrua Financial LLC boosted its stake in Arista Networks by 2.7% in the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company's stock valued at $283,000 after purchasing an additional 61 shares during the period. Finally, Retirement Planning Group LLC boosted its stake in Arista Networks by 1.1% in the 3rd quarter. Retirement Planning Group LLC now owns 5,705 shares of the technology company's stock valued at $1,161,000 after purchasing an additional 64 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company's products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista's portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.

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