Arista Networks (NYSE:ANET) Given New $140.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities has raised its price target for Arista Networks from $125.00 to $140.00, maintaining a "neutral" rating, which indicates a potential downside of 8.75% from the current price.
• Other analysts have issued higher target prices, with KeyCorp and Goldman Sachs setting objectives of $145.00 and $155.00 respectively, and a consensus target price of $148.07 among 19 analysts.
• Arista Networks reported a 30.4% year-over-year revenue increase to $2.20 billion and earnings per share of $0.73, surpassing estimates by $0.08.

Arista Networks (NYSE:ANET - Get Free Report) had its target price increased by equities researchers at Rosenblatt Securities from $125.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. Rosenblatt Securities' target price would suggest a potential downside of 8.75% from the stock's current price.

Several other equities research analysts have also recently weighed in on ANET. KeyCorp increased their price target on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. The Goldman Sachs Group upped their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Evercore ISI set a $150.00 price objective on shares of Arista Networks and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Redburn Atlantic started coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They set a "buy" rating and a $112.00 price objective on the stock. Finally, Morgan Stanley reissued an "overweight" rating and set a $135.00 price objective (up previously from $125.00) on shares of Arista Networks in a research note on Wednesday, September 3rd. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.07.

Arista Networks Stock Up 1.8%

Arista Networks stock opened at $153.43 on Friday. The company has a market capitalization of $192.84 billion, a PE ratio of 60.35, a P/E/G ratio of 3.54 and a beta of 1.50. The firm has a fifty day simple moving average of $126.11 and a two-hundred day simple moving average of $99.86. Arista Networks has a twelve month low of $59.43 and a twelve month high of $156.32.

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

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 6th. The shares were 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 of the company's stock, valued at $776,191,640.28. The trade was a 23.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 6,334,926 shares of company stock worth $795,392,998 over the last quarter. 3.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Arista Networks

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Arista Networks by 1.2% in the second quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company's stock worth $10,127,984,000 after purchasing an additional 1,136,167 shares during the last quarter. Cresset Asset Management LLC increased its position in Arista Networks by 1.0% during 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 acquiring an additional 263,272 shares during the last quarter. Geode Capital Management LLC increased its position in Arista Networks by 0.5% during 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 acquiring an additional 128,977 shares during the last quarter. Alliancebernstein L.P. increased its position in Arista Networks by 9.0% during 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 acquiring an additional 1,889,198 shares during the last quarter. Finally, Nuveen LLC bought a new position in Arista Networks during the first quarter valued at $933,626,000. Institutional investors own 82.47% of the company's stock.

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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