Arista Networks (NYSE:ANET) Trading Up 4.2% – Still a Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price rose 4.2% during trading on Monday . The stock traded as high as $122.42 and last traded at $122.31. Approximately 12,254,312 shares changed hands during trading, an increase of 22% from the average daily volume of 10,068,658 shares. The stock had previously closed at $117.43.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ANET shares. Melius Research upped their price target on shares of Arista Networks from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Zacks Research lowered shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Wells Fargo & Company upped their price target on shares of Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Arista Networks in a report on Monday. Finally, BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 target price for the company in a research report on Thursday, September 25th. Seventeen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Price Performance

The stock has a fifty day moving average of $143.09 and a 200 day moving average of $123.73. The firm has a market capitalization of $161.12 billion, a P/E ratio of 50.32, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48.

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

Insider Transactions at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $1,668,843.36. This trade represents a 69.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kelly Bodnar Battles sold 422 shares of Arista Networks stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $117.15, for a total value of $49,437.30. Following the completion of the transaction, the director owned 8,980 shares in the company, valued at approximately $1,052,007. This represents a 4.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,985,422 shares of company stock worth $290,780,281. 3.39% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arista Networks

Several hedge funds have recently made changes to their positions in the company. Walkner Condon Financial Advisors LLC boosted its holdings in shares of Arista Networks by 0.4% in the third quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company’s stock valued at $2,697,000 after acquiring an additional 70 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Crown Wealth Group LLC boosted its holdings in Arista Networks by 2.4% in the 3rd quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company’s stock valued at $463,000 after purchasing an additional 75 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in Arista Networks by 1.8% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 4,237 shares of the technology company’s stock worth $616,000 after purchasing an additional 76 shares during the period. Finally, West Family Investments Inc. raised its stake in shares of Arista Networks by 0.9% during the 3rd quarter. West Family Investments Inc. now owns 8,364 shares of the technology company’s stock worth $1,219,000 after buying an additional 76 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Arista Networks Company Profile

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.