Arista Networks (NYSE:ANET) Given New $179.00 Price Target at Barclays

Key Points

• Barclays increased Arista Networks' price target from $151.00 to $179.00, indicating a potential upside of 16.67% from the company's previous close.
• The stock has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $148.07.
• In the most recent quarter, Arista reported an EPS of $0.73, surpassing expectations and reflecting a year-over-year revenue increase of 30.4%.

Arista Networks (NYSE:ANET - Get Free Report) had its price target upped by analysts at Barclays from $151.00 to $179.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. Barclays's price target would suggest a potential upside of 16.67% from the company's previous close.

A number of other research analysts have also weighed in on ANET. Redburn Atlantic initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued a "buy" rating and a $112.00 price target on the stock. BNP Paribas Exane lowered shares of Arista Networks from an "outperform" rating to a "neutral" rating and set a $106.00 price target on the stock. in a research note on Wednesday, June 11th. UBS Group raised their price target on shares of Arista Networks from $115.00 to $155.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup raised their price target on shares of Arista Networks from $123.00 to $136.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Finally, Evercore ISI set a $150.00 price target on shares of Arista Networks and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Arista Networks presently has a consensus rating of "Moderate Buy" and an average price target of $148.07.

Arista Networks Price Performance

NYSE ANET opened at $153.43 on Friday. The stock's fifty day moving average price is $126.11 and its 200 day moving average price is $99.86. Arista Networks has a 1 year low of $59.43 and a 1 year high of $156.32. The company has a market cap of $192.84 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 3.54 and a beta of 1.50.

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

Insider Transactions at Arista Networks

In other news, Director Charles H. Giancarlo sold 8,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director owned 57,784 shares in the company, valued at $6,761,305.84. This trade represents a 12.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kenneth Duda sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the sale, the senior vice president owned 12,976 shares of the company's stock, valued at $1,771,353.76. This represents a 69.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,334,926 shares of company stock worth $795,392,998 in the last 90 days. Insiders own 3.39% of the company's stock.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently made changes to their positions in the stock. DSG Capital Advisors LLC purchased a new position in shares of Arista Networks during the 4th quarter worth approximately $5,984,000. Ibex Wealth Advisors grew its stake in shares of Arista Networks by 14.4% in the first quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock worth $4,501,000 after acquiring an additional 7,329 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Arista Networks in the first quarter worth $629,000. Commonwealth Equity Services LLC grew its stake in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock worth $47,519,000 after acquiring an additional 101,162 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Arista Networks in the first quarter worth $15,227,000. Hedge funds and other 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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