Arista Networks’ (ANET) Neutral Rating Reiterated at Piper Sandler

Piper Sandler reissued their neutral rating on shares of Arista Networks (NYSE:ANET) in a research note released on Wednesday, Marketbeat Ratings reports. The firm currently has a $145.00 price objective on the technology company’s stock, up from their previous price objective of $143.00.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC boosted their price objective on Arista Networks from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Rosenblatt Securities reissued a “neutral” rating and set a $140.00 price target on shares of Arista Networks in a report on Wednesday. Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research report on Friday, September 12th. Finally, Evercore ISI boosted their target price on shares of Arista Networks from $150.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Nineteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Price Performance

NYSE:ANET opened at $134.62 on Wednesday. Arista Networks has a one year low of $59.43 and a one year high of $164.94. The company has a market cap of $169.20 billion, a P/E ratio of 52.95, a P/E/G ratio of 3.37 and a beta of 1.48. The firm’s fifty day moving average price is $146.66 and its two-hundred day moving average price is $119.41.

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

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the firm’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the sale, the chief executive officer owned 5,383,207 shares of the company’s stock, valued at approximately $799,567,735.71. This trade represents a 18.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kenneth Duda sold 30,000 shares of Arista Networks stock in a transaction dated Friday, October 17th. The shares were sold at an average price of $142.75, for a total value of $4,282,500.00. Following the completion of the transaction, the insider owned 12,976 shares in the company, valued at approximately $1,852,324. This represents a 69.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,009,040 shares of company stock worth $294,365,034 over the last three months. Insiders own 3.39% of the company’s stock.

Institutional Trading of Arista Networks

A number of hedge funds and other institutional investors have recently modified their holdings of ANET. Brighton Jones LLC increased its holdings in Arista Networks by 321.7% in 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 period. Revolve Wealth Partners LLC bought a new stake in shares of Arista Networks in the 4th quarter valued at about $202,000. Bison Wealth LLC acquired a new stake in shares of Arista Networks in the fourth quarter valued at about $251,000. Concurrent Investment Advisors LLC raised its position in shares of Arista Networks by 8.9% during the first quarter. Concurrent Investment Advisors LLC now owns 16,886 shares of the technology company’s stock worth $1,308,000 after acquiring an additional 1,374 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Arista Networks by 7.6% in the first quarter. TD Private Client Wealth LLC now owns 19,638 shares of the technology company’s stock worth $1,522,000 after acquiring an additional 1,392 shares during the period. Institutional investors 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.