Citigroup Increases Arista Networks (NYSE:ANET) Price Target to $176.00

Arista Networks (NYSE:ANET) had its price objective lifted by investment analysts at Citigroup from $136.00 to $176.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Citigroup’s price objective would indicate a potential upside of 26.30% from the company’s current price.

Several other research analysts have also weighed in on the company. Erste Group Bank upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Needham & Company LLC increased their price objective on Arista Networks from $130.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Wells Fargo & Company increased their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. BNP Paribas lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 11th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $135.00 price objective (up from $125.00) on shares of Arista Networks in a research report on Wednesday, September 3rd. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $157.56.

Arista Networks Price Performance

ANET stock opened at $139.35 on Friday. The business has a 50 day simple moving average of $126.85 and a 200-day simple moving average of $100.21. The firm has a market capitalization of $175.14 billion, a PE ratio of 54.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.50. Arista Networks has a 1 year low of $59.43 and a 1 year high of $156.32.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.08. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.11 billion. Arista Networks had a return on equity of 31.05% and a net margin of 40.90%.The business’s revenue was up 30.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks will post 2.2 EPS for the current year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 1,785,165 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 5,698,074 shares in the company, valued at $776,191,640.28. This trade represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 7,582,614 shares of company stock worth $980,712,097 in the last ninety days. Company insiders own 3.39% of the company’s stock.

Institutional Trading of Arista Networks

Hedge funds have recently modified their holdings of the stock. Bare Financial Services Inc raised its stake in shares of Arista Networks by 2,118.2% in the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock valued at $25,000 after acquiring an additional 233 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at $35,000. REAP Financial Group LLC raised its stake in shares of Arista Networks by 108.0% in the second quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares in the last quarter. HighMark Wealth Management LLC raised its stake in shares of Arista Networks by 179.7% in the first quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock valued at $28,000 after acquiring an additional 230 shares in the last quarter. Finally, Solstein Capital LLC raised its stake in shares of Arista Networks by 493.8% in the second quarter. Solstein Capital LLC now owns 380 shares of the technology company’s stock valued at $39,000 after acquiring an additional 316 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.

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.