Arista Networks (NYSE:ANET) Trading Up 1.3% Following Analyst Upgrade

Arista Networks, Inc. (NYSE:ANET) traded up 1.3% during mid-day trading on Monday after Bank of America raised their price target on the stock from $185.00 to $200.00. Bank of America currently has a buy rating on the stock. Arista Networks traded as high as $159.23 and last traded at $156.3160. 5,971,101 shares were traded during trading, a decline of 33% from the average session volume of 8,852,336 shares. The stock had previously closed at $154.27.

Several other analysts have also recently issued reports on ANET. The Goldman Sachs Group reaffirmed a “buy” rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research note on Friday, February 13th. Susquehanna upgraded shares of Arista Networks to a “strong-buy” rating in a report on Wednesday, April 1st. Rosenblatt Securities boosted their target price on shares of Arista Networks from $180.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. UBS Group reiterated a “buy” rating and issued a $187.00 target price (up from $177.00) on shares of Arista Networks in a report on Wednesday, May 6th. Finally, Barclays reiterated an “overweight” rating and issued a $195.00 target price (up from $184.00) on shares of Arista Networks in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $186.47.

Insider Transactions at Arista Networks

In other news, insider Kenneth Duda sold 32,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares in the company, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Andreas Bechtolsheim sold 220,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total transaction of $34,509,200.00. Following the completion of the transaction, the insider owned 182,803,048 shares in the company, valued at approximately $28,674,486,109.28. This represents a 0.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,943,142 shares of company stock worth $314,941,943. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arista Networks

Large investors have recently made changes to their positions in the stock. Board of the Pension Protection Fund acquired a new position in shares of Arista Networks in the 4th quarter worth approximately $26,000. Main Street Group LTD acquired a new stake in Arista Networks during the 1st quarter worth approximately $26,000. Sankala Group LLC acquired a new stake in Arista Networks during the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc acquired a new stake in Arista Networks during the 4th quarter worth approximately $28,000. Finally, Knuff & Co LLC acquired a new stake in Arista Networks during the 3rd quarter worth approximately $29,000. 82.47% of the stock is currently owned by institutional investors and hedge funds.

Arista Networks Trading Up 1.3%

The company has a market capitalization of $196.83 billion, a price-to-earnings ratio of 53.53, a price-to-earnings-growth ratio of 2.38 and a beta of 1.61. The stock’s fifty day simple moving average is $150.97 and its 200-day simple moving average is $138.90.

Arista Networks (NYSE:ANET) last released its 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 firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. On average, analysts anticipate that Arista Networks, Inc. will post 3.27 EPS for the current fiscal 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.