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

Arista Networks (NYSE:ANET) had its price objective boosted by Barclays from $151.00 to $179.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 28.45% from the company’s previous close.

A number of other analysts have also weighed in on ANET. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $130.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. 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 for the company. BNP Paribas Exane lowered shares of Arista Networks from an “outperform” rating to a “neutral” rating and set a $106.00 price target for the company. in a research note on Wednesday, June 11th. Citigroup upped their price target on shares of Arista Networks from $123.00 to $136.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Finally, Wedbush initiated coverage on shares of Arista Networks in a research note on Wednesday, May 28th. They issued an “outperform” rating for the company. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.56.

Arista Networks Trading Down 8.9%

NYSE ANET opened at $139.35 on Friday. Arista Networks has a 52 week low of $59.43 and a 52 week high of $156.32. The stock has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. The company has a 50-day moving average price of $126.85 and a two-hundred day moving average price of $100.21.

Arista Networks (NYSE:ANET) last posted its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping 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 firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Arista Networks’s quarterly revenue was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. As a group, equities research analysts expect that Arista Networks will post 2.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kenneth Duda sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president directly owned 12,976 shares in the company, valued at approximately $1,771,353.76. This trade represents a 69.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at $799,567,735.71. The trade was a 18.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,582,614 shares of company stock worth $980,712,097. Corporate insiders own 3.39% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Arista Networks by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 98,993,100 shares of the technology company’s stock valued at $10,127,984,000 after acquiring an additional 1,136,167 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Arista Networks by 1.0% in the 2nd quarter. Cresset Asset Management LLC now owns 26,374,373 shares of the technology company’s stock valued at $2,698,362,000 after acquiring an additional 263,272 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Arista Networks by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 25,576,483 shares of the technology company’s stock valued at $2,606,694,000 after acquiring an additional 128,977 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Arista Networks by 9.0% in the 1st quarter. Alliancebernstein L.P. now owns 22,959,214 shares of the technology company’s stock valued at $1,778,880,000 after acquiring an additional 1,889,198 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Arista Networks in the 1st quarter valued at approximately $933,626,000. 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.