Erste Group Bank Downgrades Arista Networks (NYSE:ANET) to Hold

Arista Networks (NYSE:ANET) was downgraded by equities research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

ANET has been the subject of a number of other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their price target on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. UBS Group upped their price target on Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on Arista Networks from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Finally, Barclays reaffirmed an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a report on Wednesday. Eighteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Stock Performance

Shares of Arista Networks stock traded up $1.00 on Monday, reaching $135.65. The stock had a trading volume of 1,926,702 shares, compared to its average volume of 10,006,854. The stock has a market cap of $170.83 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. Arista Networks has a fifty-two week low of $59.43 and a fifty-two week high of $164.94. The business’s 50-day moving average price is $146.66 and its two-hundred day moving average price is $120.11.

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

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total transaction of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $141.79, for a total value of $4,253,700.00. Following the completion of the sale, the insider directly owned 12,976 shares in the company, valued at $1,839,867.04. This represents a 69.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,009,040 shares of company stock valued at $294,365,034 over the last three months. 3.39% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in Arista Networks by 321.7% during the fourth quarter. Brighton Jones LLC now owns 7,806 shares of the technology company’s stock valued at $863,000 after purchasing an additional 5,955 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Arista Networks in the fourth quarter valued at $202,000. Bison Wealth LLC bought a new position in shares of Arista Networks in the fourth quarter valued at $251,000. Allworth Financial LP increased its holdings in Arista Networks by 5.7% during the first quarter. Allworth Financial LP now owns 10,866 shares of the technology company’s stock worth $818,000 after buying an additional 585 shares during the last quarter. Finally, Alps Advisors Inc. raised its position in Arista Networks by 7.3% during the first quarter. Alps Advisors Inc. now owns 4,225 shares of the technology company’s stock worth $327,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

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.