Arista Networks (NYSE:ANET) Stock Rating Lowered by Erste Group Bank

Arista Networks (NYSE:ANET) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Monday, Marketbeat Ratings reports.

Other equities analysts also recently issued research reports about the company. Needham & Company LLC boosted their price target on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Wolfe Research lifted their target price on Arista Networks from $160.00 to $185.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. JPMorgan Chase & Co. increased their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. KeyCorp raised their price target on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, August 6th. Finally, William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Friday, September 12th. Eighteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Trading Down 1.7%

Shares of ANET opened at $134.88 on Monday. The company’s fifty day simple moving average is $146.66 and its 200 day simple moving average is $120.95. Arista Networks has a 1-year low of $59.43 and a 1-year high of $164.94. The company has a market cap of $169.85 billion, a price-to-earnings ratio of 53.05, a PEG ratio of 3.37 and a beta of 1.48.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 27.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.40 earnings per share. Arista Networks has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Arista Networks will post 2.2 earnings per share for the current year.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of Arista Networks stock in a transaction dated 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 in the company, valued at $799,567,735.71. The trade was a 18.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,839,867.04. The trade was a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 2,009,040 shares of company stock valued at $294,365,034. 3.39% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arista Networks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bare Financial Services Inc raised its stake in 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 purchasing an additional 233 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after buying an additional 72 shares during the period. Richardson Financial Services Inc. raised its position in shares of Arista Networks by 141.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock valued at $32,000 after buying an additional 130 shares in the last quarter. Saudi Central Bank bought a new stake in shares of Arista Networks during the 1st quarter worth approximately $33,000. Finally, REAP Financial Group LLC boosted its position in shares of Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock worth $34,000 after acquiring an additional 175 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

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.