Arista Networks (NYSE:ANET) Trading 2.8% Higher – Should You Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price shot up 2.8% during trading on Monday . The stock traded as high as $186.57 and last traded at $185.3260. Approximately 8,314,763 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 8,583,052 shares. The stock had previously closed at $180.35.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. TD Cowen reiterated a “buy” rating and set a $210.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Monday, July 13th. Raymond James Financial upgraded Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Truist Financial set a $175.00 price objective on shares of Arista Networks in a research report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $190.00 target price (up from $180.00) on shares of Arista Networks in a research report on Friday, June 12th. Finally, Barclays reaffirmed an “overweight” rating and issued a $195.00 price target (up from $184.00) on shares of Arista Networks in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Arista Networks currently has an average rating of “Buy” and an average price target of $189.74.

Arista Networks Stock Up 2.8%

The company’s 50-day simple moving average is $167.39 and its 200 day simple moving average is $150.30. The company has a market capitalization of $233.36 billion, a P/E ratio of 63.47, a P/E/G ratio of 2.77 and a beta of 1.60.

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

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 242,422 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $188.17, for a total transaction of $45,616,547.74. Following the completion of the sale, the chief executive officer directly owned 5,171,095 shares in the company, valued at $973,044,946.15. This represents a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, major shareholder Andreas Bechtolsheim sold 260,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $165.57, for a total value of $43,048,200.00. Following the completion of the sale, the insider directly owned 182,543,048 shares in the company, valued at approximately $30,223,652,457.36. This represents a 0.14% decrease in their ownership of the stock. 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 2,300,316 shares of company stock valued at $382,160,575 in the last quarter. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD acquired a new stake in shares of Arista Networks in the 1st quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new stake in Arista Networks during the 4th quarter worth about $28,000. Ameliora Wealth Management Ltd. bought a new position in Arista Networks in the fourth quarter valued at approximately $30,000. Finally, Hilton Head Capital Partners LLC grew its position in shares of Arista Networks by 184.9% in the 1st quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock valued at $30,000 after acquiring an additional 159 shares during the period. Institutional investors own 82.47% of the company’s stock.

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.