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

Arista Networks (NYSE:ANET) had its target price upped by investment analysts at Wolfe Research from $160.00 to $185.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Wolfe Research’s price target suggests a potential upside of 32.76% from the company’s current price.

ANET has been the subject of a number of other reports. Piper Sandler boosted their price target on Arista Networks from $89.00 to $143.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Citigroup boosted their price target on Arista Networks from $123.00 to $136.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Morgan Stanley reissued an “overweight” rating and issued a $135.00 price target (up from $125.00) on shares of Arista Networks in a report on Wednesday, September 3rd. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Finally, Evercore ISI set a $150.00 price target on Arista Networks and gave the company an “outperform” rating in a report on Wednesday, August 6th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.56.

Arista Networks Stock Down 8.9%

Arista Networks stock 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 company has a market capitalization 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 stock has a 50-day moving average price of $126.85 and a 200 day moving average price of $100.21.

Arista Networks (NYSE:ANET) last released its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $0.53 earnings per share. The company’s revenue was up 30.4% compared to the same quarter last year. Arista Networks has set its Q3 2025 guidance at EPS. Research analysts anticipate that Arista Networks will post 2.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Charles H. Giancarlo sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $117.01, for a total transaction of $936,080.00. Following the completion of the sale, the director directly owned 57,784 shares in the company, valued at approximately $6,761,305.84. The trade was a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 1,247,688 shares of the business’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 value 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. Insiders sold 7,582,614 shares of company stock worth $980,712,097 over the last three months. 3.39% of the stock is currently owned by corporate insiders.

Institutional Trading of Arista Networks

Several large investors have recently made changes to their positions in the company. American Trust increased its position in shares of Arista Networks by 49.6% during the second quarter. American Trust now owns 17,671 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 5,862 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of Arista Networks by 5.3% during the second quarter. Centaurus Financial Inc. now owns 12,490 shares of the technology company’s stock worth $1,278,000 after purchasing an additional 631 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of Arista Networks by 77.2% during the second quarter. Thrivent Financial for Lutherans now owns 548,356 shares of the technology company’s stock worth $55,909,000 after purchasing an additional 238,837 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Arista Networks during the second quarter worth approximately $4,373,000. Finally, Stance Capital LLC purchased a new stake in shares of Arista Networks during the second quarter worth approximately $1,426,000. 82.47% of the stock is currently owned by hedge funds and other 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.