Arista Networks (NYSE:ANET) Given New $200.00 Price Target at JPMorgan Chase & Co.

Arista Networks (NYSE:ANET) had its price target upped by JPMorgan Chase & Co. from $190.00 to $200.00 in a report issued on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also issued reports on the stock. TD Cowen initiated coverage on shares of Arista Networks in a report on Thursday, March 12th. They issued a “buy” rating and a $170.00 price objective for the company. Truist Financial initiated coverage on shares of Arista Networks in a report on Tuesday, March 31st. They issued a “buy” rating and a $161.00 price objective for the company. KeyCorp reiterated an “overweight” rating and issued a $178.00 price objective (up from $170.00) on shares of Arista Networks in a report on Friday, February 13th. Needham & Company LLC raised their price objective on shares of Arista Networks from $165.00 to $185.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Arista Networks in a report on Friday, February 13th. Three analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $177.83.

Arista Networks Trading Up 4.2%

ANET opened at $160.77 on Thursday. The company’s 50 day moving average is $135.66 and its 200-day moving average is $136.25. Arista Networks has a 1-year low of $66.59 and a 1-year high of $164.94. The company has a market cap of $202.01 billion, a P/E ratio of 58.25, a PEG ratio of 2.72 and a beta of 1.48.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. Arista Networks had a net margin of 38.99% and a return on equity of 30.37%. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same period last year, the company posted $0.66 EPS. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities analysts forecast that Arista Networks will post 2.2 EPS for the current year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, CFO Chantelle Yvette Breithaupt sold 8,890 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $155.02, for a total transaction of $1,378,127.80. Following the completion of the transaction, the chief financial officer owned 60,734 shares in the company, valued at approximately $9,414,984.68. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles H. Giancarlo sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $140.43, for a total transaction of $1,123,440.00. Following the transaction, the director owned 9,784 shares of the company’s stock, valued at approximately $1,373,967.12. The trade was a 44.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 321,334 shares of company stock worth $45,185,941 in the last 90 days. Corporate insiders own 3.39% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Walkner Condon Financial Advisors LLC raised its holdings in Arista Networks by 0.4% during the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company’s stock worth $2,697,000 after purchasing an additional 70 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Arista Networks by 0.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 70 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after purchasing an additional 72 shares during the last quarter. United Asset Strategies Inc. raised its holdings in Arista Networks by 1.2% during the 4th quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company’s stock worth $827,000 after purchasing an additional 72 shares during the last quarter. Finally, Crown Wealth Group LLC raised its holdings in Arista Networks by 2.4% during the 3rd quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company’s stock worth $463,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 82.47% of the company’s stock.

Key Headlines Impacting Arista Networks

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: JPMorgan raised its price target on ANET to $200 and reiterated an “overweight” rating, implying ~24% upside versus the recent share price — a clear catalyst for buying interest. JPMorgan raises ANET price target to $200
• Positive Sentiment: Zacks upgraded Arista from “hold” to “strong‑buy”, which can attract retail momentum flows and algorithmic buying. Zacks upgrades ANET to strong-buy
• Positive Sentiment: Brokerage coverage remains tilted bullish (Needham, UBS, Susquehanna and others raising targets or assigning buy/strong‑buy ratings), supporting multiple expansion expectations.
• Neutral Sentiment: Peer data shows AI networking demand is broadening: Cisco reported strong AI‑driven growth and Ciena is boosting capex — this confirms a market tailwind for vendors like Arista but also signals intensifying competition and supply dynamics. Cisco’s AI Networking Surge Gathers Momentum Ciena’s Capex Acceleration
• Neutral Sentiment: Short‑term momentum articles note Arista has outperformed the broader market in recent sessions — this can amplify intraday moves but doesn’t change fundamentals. Arista outperforms broader market
• Negative Sentiment: CEO Jayshree Ullal sold 112,812 shares (avg. $150.11) under a pre‑arranged Rule 10b5‑1 plan, cutting her reported direct stake ~92%. Large insider sales can weigh on sentiment despite being planned trades. CEO Jayshree Ullal Sells 112,812 Shares

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.