Arista Networks, Inc. (NYSE:ANET – Get Free Report) has been given an average recommendation of “Moderate Buy” by the nineteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $214.72.
Several analysts have recently weighed in on ANET shares. Barclays upped their price objective on Arista Networks from $179.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, August 1st. Rosenblatt Securities raised their price objective on shares of Arista Networks from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Piper Sandler boosted their target price on shares of Arista Networks from $190.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. StockNews.com initiated coverage on shares of Arista Networks in a report on Thursday, October 5th. They set a “hold” rating for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a report on Tuesday, October 31st.
Insider Activity at Arista Networks
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ANET. RFP Financial Group LLC raised its holdings in Arista Networks by 169.2% during the second quarter. RFP Financial Group LLC now owns 175 shares of the technology company’s stock valued at $28,000 after buying an additional 110 shares in the last quarter. Larson Financial Group LLC acquired a new stake in Arista Networks in the 3rd quarter worth approximately $28,000. First Command Advisory Services Inc. bought a new stake in Arista Networks during the third quarter worth approximately $29,000. Hollencrest Capital Management acquired a new position in Arista Networks during the first quarter valued at approximately $30,000. Finally, TFC Financial Management Inc. grew its holdings in Arista Networks by 131.0% during the first quarter. TFC Financial Management Inc. now owns 194 shares of the technology company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. Institutional investors own 67.13% of the company’s stock.
Arista Networks Stock Performance
NYSE:ANET opened at $215.24 on Wednesday. The stock has a market cap of $66.96 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 1.76 and a beta of 1.12. Arista Networks has a 1 year low of $107.57 and a 1 year high of $216.89. The business has a fifty day moving average of $192.46 and a 200-day moving average of $174.09.
About Arista Networks
Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
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