Brokerages Set Arista Networks, Inc. (NYSE:ANET) PT at $188.95

Arista Networks, Inc. (NYSE:ANET) has received a consensus recommendation of “Buy” from the twenty-five brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $188.9474.

A number of equities research analysts have commented on ANET shares. UBS Group reissued a “buy” rating and issued a $187.00 price objective (up from $177.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and set a $190.00 target price (up from $180.00) on shares of Arista Networks in a research note on Friday, June 12th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price (up from $178.00) on shares of Arista Networks in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Research downgraded Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 234,578 shares of the stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $187.18, for a total value of $43,908,310.04. Following the transaction, the chief executive officer directly owned 5,134,207 shares in the company, valued at $961,020,866.26. This represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 240,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $162.67, for a total transaction of $39,040,800.00. Following the sale, the insider directly owned 182,043,048 shares in the company, valued at approximately $29,612,942,618.16. The trade was a 0.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,786,844 shares of company stock worth $467,941,533 over the last 90 days. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock worth $863,000 after purchasing an additional 5,955 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the 4th quarter valued at about $251,000. Sivia Capital Partners LLC grew its stake in Arista Networks by 48.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 10,723 shares of the technology company’s stock worth $1,097,000 after buying an additional 3,496 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in Arista Networks by 31.3% during the second quarter. Gamco Investors INC. ET AL now owns 4,193 shares of the technology company’s stock worth $429,000 after buying an additional 1,000 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

Arista Networks Stock Down 0.0%

ANET opened at $168.60 on Friday. Arista Networks has a 52 week low of $106.99 and a 52 week high of $189.82. The business has a fifty day simple moving average of $161.75 and a 200-day simple moving average of $147.34. The firm has a market cap of $212.30 billion, a P/E ratio of 57.74, a P/E/G ratio of 2.59 and a beta of 1.60.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.62 billion. Arista Networks had a net margin of 38.32% and a return on equity of 30.10%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Sell-side analysts expect that Arista Networks will post 3.28 earnings per share for the current year.

Arista Networks Company Profile

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.