Arista Networks, Inc. (NYSE:ANET) Stock Has Consensus Price Target of $230.74 According to Brokerages

Shares of Arista Networks, Inc. (NYSE:ANET) have received an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the company, Marketbeat.com reports. Twenty-one equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $231.70.

Several equities analysts have commented on ANET shares. Wolfe Research reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Arista Networks in a report on Wednesday, June 10th. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. KeyCorp restated an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Truist Financial increased their price objective on shares of Arista Networks from $175.00 to $234.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Barclays reaffirmed an “overweight” rating and set a $289.00 price objective (up from $195.00) on shares of Arista Networks in a report on Wednesday, August 5th.

Insiders Place Their Bets

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares of the company’s stock, valued at $35,919,039,399.60. The trade was a 0.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Chantelle Breithaupt sold 612 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total value of $119,811.24. Following the completion of the sale, the chief financial officer owned 69,921 shares in the company, valued at $13,688,434.17. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,382,316 shares of company stock worth $675,904,720 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

Several large investors have recently made changes to their positions in the company. State Street Corp increased its position in Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after buying an additional 74,541,134 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Arista Networks during the second quarter worth $1,101,860,000. Envestnet Asset Management Inc. boosted its position in shares of Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after acquiring an additional 6,409,612 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Arista Networks in the second quarter valued at about $537,736,000. Finally, Franklin Resources Inc. grew its stake in shares of Arista Networks by 59.3% in the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after acquiring an additional 2,934,098 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Arista Networks Trading Up 1.5%

Shares of Arista Networks stock opened at $207.50 on Wednesday. The company’s fifty day simple moving average is $193.78 and its 200-day simple moving average is $169.30. The company has a market cap of $261.70 billion, a price-to-earnings ratio of 65.46, a PEG ratio of 2.40 and a beta of 1.60. Arista Networks has a 1 year low of $114.52 and a 1 year high of $214.89.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period last year, the business posted $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts forecast that Arista Networks will post 3.74 earnings per share for the current fiscal year.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.