Arista Networks (NYSE:ANET) Price Target Raised to $176.00

Key Points

• Citigroup raised its price target for Arista Networks from $136.00 to $176.00, indicating a potential upside of 23.07% and maintaining a "buy" rating on the stock.
• In its latest earnings report, Arista Networks surpassed expectations with $0.73 EPS on revenue of $2.20 billion, marking a 30.4% year-over-year increase.
• Institutional investors hold an impressive 82.47% stake in Arista Networks, with several firms increasing their positions recently.

Arista Networks (NYSE:ANET - Get Free Report) had its target price upped by stock analysts at Citigroup from $136.00 to $176.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Citigroup's price objective suggests a potential upside of 23.07% from the stock's previous close.

Several other research analysts have also issued reports on ANET. The Goldman Sachs Group raised their target price 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. Rosenblatt Securities raised their target price on shares of Arista Networks from $125.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday. Erste Group Bank raised shares of Arista Networks from a "hold" rating to a "buy" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their target price on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Arista Networks from $130.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Fifteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $154.07.

Arista Networks Stock Down 6.6%

ANET stock traded down $10.03 during midday trading on Friday, reaching $143.01. The stock had a trading volume of 3,396,405 shares, compared to its average volume of 10,330,495. Arista Networks has a twelve month low of $59.43 and a twelve month high of $156.32. The firm has a market cap of $179.75 billion, a price-to-earnings ratio of 56.42, a PEG ratio of 3.54 and a beta of 1.50. The business has a fifty day simple moving average of $126.11 and a two-hundred day simple moving average of $99.86.

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

Insider Activity

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total value of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 6,334,926 shares of company stock valued at $795,392,998. 3.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arista Networks

Several institutional investors have recently bought and sold shares of the company. DSG Capital Advisors LLC bought a new stake in shares of Arista Networks during the 4th quarter worth approximately $5,984,000. Ibex Wealth Advisors raised its stake in Arista Networks by 14.4% in the 1st quarter. Ibex Wealth Advisors now owns 58,093 shares of the technology company's stock valued at $4,501,000 after acquiring an additional 7,329 shares during the period. Sowell Financial Services LLC bought a new stake in Arista Networks in the 1st quarter valued at $629,000. Commonwealth Equity Services LLC raised its stake in Arista Networks by 19.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after acquiring an additional 101,162 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in Arista Networks in the 1st quarter valued at $15,227,000. 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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