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

Shares of Arista Networks, Inc. (NYSE:ANET) have been given a consensus rating of “Buy” by the twenty-three ratings firms that are presently covering the company, Marketbeat reports. Twenty-one analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $231.70.

A number of research firms recently commented on ANET. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Thursday, September 10th. KeyCorp restated an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 price objective on shares of Arista Networks in a research report on Wednesday, August 5th. Wells Fargo & Company reissued an “overweight” rating and set a $255.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Arista Networks in a report on Monday, August 31st. They issued a “buy” rating and a $220.00 target price on the stock.

Arista Networks Stock Up 0.1%

Shares of NYSE:ANET opened at $207.50 on Wednesday. The firm has a market cap of $261.70 billion, a P/E ratio of 65.46, a P/E/G ratio of 2.44 and a beta of 1.60. Arista Networks has a 12-month low of $114.52 and a 12-month high of $214.89. The business has a fifty day simple moving average of $193.78 and a 200 day simple moving average of $169.54.

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

Insider Activity

In related news, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $198.95, for a total transaction of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares in the company, valued at $35,919,039,399.60. This represents a 0.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 17,333 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $203.50, for a total value of $3,527,265.50. Following the sale, the insider directly owned 12,976 shares of the company’s stock, valued at $2,640,616. This represents a 57.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,382,316 shares of company stock worth $675,904,720. 2.70% of the stock is owned by insiders.

Institutional Trading of Arista Networks

Several large investors have recently modified their holdings of ANET. Cura Wealth Advisors LLC lifted its stake in shares of Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $297,000 after buying an additional 52 shares in the last quarter. Madison Wealth Partners Inc grew its holdings in shares of Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after buying an additional 60 shares during the last quarter. Intrua Financial LLC increased its position in shares of Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after acquiring an additional 61 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of Arista Networks by 1.2% in the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after acquiring an additional 66 shares during the last quarter. Finally, NBT Bank N A NY lifted its position in Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after acquiring an additional 67 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Company Profile

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.