Arista Networks (NYSE:ANET) Stock Price Expected to Rise, Wolfe Research Analyst Says

Key Points

• Wolfe Research analysts raised the price target for Arista Networks from $160 to $185, indicating a potential upside of 20.58% from its previous close.
• The company reported $0.73 earnings per share, exceeding estimates, and had a revenue increase of 30.4% year-over-year, indicating strong financial performance.
• Insider transactions showed CEO Jayshree Ullal sold over 1.78 million shares, resulting in a 23.86% decrease in their ownership of the stock.

Arista Networks (NYSE:ANET - Get Free Report) had its price objective raised by research analysts at Wolfe Research from $160.00 to $185.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Wolfe Research's price target would indicate a potential upside of 20.58% from the stock's previous close.

Several other analysts also recently issued reports on ANET. Needham & Company LLC upped their price target on Arista Networks from $130.00 to $155.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Rosenblatt Securities boosted their price objective on Arista Networks from $125.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday. KeyCorp increased their price target on Arista Networks from $115.00 to $145.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Piper Sandler increased their price target on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, UBS Group increased their price target on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $148.07.

Arista Networks Stock Performance

ANET opened at $153.43 on Friday. The company has a market cap of $192.84 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.50. The stock has a 50-day moving average of $126.11 and a 200-day moving average of $99.86. Arista Networks has a 52-week low of $59.43 and a 52-week high of $156.32.

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

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of Arista Networks stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 6,334,926 shares of company stock valued at $795,392,998. 3.39% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC bought a new stake in shares of Arista Networks in the first quarter valued at about $933,626,000. Norges Bank bought a new stake in shares of Arista Networks in the second quarter valued at about $1,228,177,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Arista Networks by 278.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,641,326 shares of the technology company's stock valued at $955,126,000 after purchasing an additional 6,357,753 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Arista Networks by 153.8% in the first quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company's stock valued at $584,119,000 after purchasing an additional 4,678,372 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Arista Networks by 193.3% in the second quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company's stock valued at $721,342,000 after purchasing an additional 4,656,021 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Company Profile

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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