Arista Networks, Inc. (NYSE:ANET) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Arista Networks, Inc. has a consensus recommendation of "Moderate Buy" from analysts, with 16 out of 21 brokerages giving a buy rating.
• Target price estimates among analysts vary, with some raising targets to as high as $185.00, while BNP Paribas Exane set a lower target at $106.00.
• CEO Jayshree Ullal sold over 1.78 million shares of the company, representing a significant 23.86% decrease in her ownership.

Shares of Arista Networks, Inc. (NYSE:ANET - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-one brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $157.8750.

Several research analysts have recently commented on the company. William Blair reissued an "outperform" rating on shares of Arista Networks in a research report on Friday, September 12th. Wells Fargo & Company boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Wolfe Research boosted their price target on Arista Networks from $160.00 to $185.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. BNP Paribas Exane downgraded Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 target price on the stock. in a research note on Wednesday, June 11th. Finally, Needham & Company LLC upped their target price on Arista Networks from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 7,582,614 shares of company stock worth $983,487,717 in the last quarter. Corporate insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently made changes to their positions in ANET. Vanguard Group Inc. increased its holdings in shares of Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock valued at $10,127,984,000 after purchasing an additional 1,136,167 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Arista Networks by 1.0% in the second quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company's stock valued at $2,698,362,000 after purchasing an additional 263,272 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Arista Networks by 0.5% in the second quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company's stock valued at $2,606,694,000 after purchasing an additional 128,977 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Arista Networks by 9.0% in the first quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company's stock valued at $1,778,880,000 after purchasing an additional 1,889,198 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Arista Networks in the first quarter valued at approximately $933,626,000. Hedge funds and other institutional investors own 82.47% of the company's stock.

Arista Networks Stock Performance

Shares of Arista Networks stock opened at $149.51 on Friday. The stock has a market cap of $187.91 billion, a price-to-earnings ratio of 58.80, a price-to-earnings-growth ratio of 3.06 and a beta of 1.50. The stock has a 50 day moving average price of $130.85 and a 200-day moving average price of $102.07. Arista Networks has a one year low of $59.43 and a one year high of $156.32.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.08. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company's quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Sell-side analysts predict that Arista Networks will post 2.2 earnings per share for the current fiscal year.

About Arista Networks

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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