Arista Networks (NYSE:ANET – Free Report) had its target price increased by JPMorgan Chase & Co. from $150.00 to $175.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.
Other equities analysts have also recently issued reports about the company. KeyCorp increased their target price on Arista Networks from $115.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Redburn Atlantic initiated coverage on Arista Networks in a report on Wednesday, May 28th. They issued a “buy” rating and a $112.00 target price for the company. Piper Sandler increased their target price on Arista Networks from $89.00 to $143.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Barclays increased their target price on Arista Networks from $151.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday. Finally, BNP Paribas cut Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 11th. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.56.
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Arista Networks Stock Down 8.9%
Shares of NYSE:ANET opened at $139.35 on Friday. The business has a 50 day moving average price of $126.85 and a 200 day moving average price of $100.27. Arista Networks has a twelve month low of $59.43 and a twelve month high of $156.32. The company has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 3.28 and a beta of 1.49.
Arista Networks (NYSE:ANET – Get Free Report) last announced its earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.11 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Analysts anticipate that Arista Networks will post 2.2 EPS for the current year.
Insider Buying and Selling at Arista Networks
In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the company’s stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction 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 directly 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. Over the last 90 days, insiders sold 7,582,614 shares of company stock valued at $980,712,097. Corporate insiders own 3.54% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Stablepoint Partners LLC lifted its stake in Arista Networks by 0.8% in the second quarter. Stablepoint Partners LLC now owns 9,406 shares of the technology company’s stock valued at $962,000 after acquiring an additional 77 shares during the last quarter. Glenview Trust co lifted its stake in Arista Networks by 2.5% in the second quarter. Glenview Trust co now owns 3,502 shares of the technology company’s stock valued at $358,000 after acquiring an additional 84 shares during the last quarter. Telos Capital Management Inc. lifted its stake in Arista Networks by 1.0% in the second quarter. Telos Capital Management Inc. now owns 9,260 shares of the technology company’s stock valued at $947,000 after acquiring an additional 88 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Arista Networks by 1.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,038 shares of the technology company’s stock valued at $618,000 after acquiring an additional 95 shares during the last quarter. Finally, Putney Financial Group LLC lifted its stake in Arista Networks by 0.7% in the second quarter. Putney Financial Group LLC now owns 14,139 shares of the technology company’s stock valued at $1,447,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
Arista Networks Company Profile
(Get Free Report)
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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