Arista Networks (NYSE:ANET) Trading 1.4% Higher – Time to Buy?

Arista Networks, Inc. (NYSE:ANET)’s share price traded up 1.4% on Tuesday . The stock traded as high as $193.15 and last traded at $190.7550. 4,383,123 shares changed hands during trading, a decline of 49% from the average daily volume of 8,513,199 shares. The stock had previously closed at $188.15.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded Arista Networks to a “buy” rating in a research report on Wednesday, June 10th. Needham & Company LLC reissued a “buy” rating and issued a $260.00 target price (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 target price on shares of Arista Networks in a report on Wednesday, August 5th. KeyCorp reiterated an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Raymond James Financial raised shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $226.05.

Arista Networks Trading Up 1.4%

The stock has a market capitalization of $240.58 billion, a price-to-earnings ratio of 60.18, a price-to-earnings-growth ratio of 1.95 and a beta of 1.60. The business has a 50 day simple moving average of $177.95 and a 200-day simple moving average of $156.75.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.13. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Research analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer directly owned 16,387,981 shares of the company’s stock, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider owned 181,143,048 shares of the company’s stock, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. 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 quarter, insiders sold 3,935,851 shares of company stock worth $738,332,610. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arista Networks

Several hedge funds and other institutional investors have recently modified their holdings of the company. Main Street Group LTD acquired a new position in Arista Networks during the first quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of Arista Networks in the fourth quarter worth $27,000. Prosperity Bancshares Inc purchased a new position in shares of Arista Networks in the 4th quarter valued at $28,000. ABS Investment Management LLC purchased a new position in shares of Arista Networks in the 2nd quarter valued at $29,000. Finally, Hilton Head Capital Partners LLC lifted its holdings in shares of Arista Networks by 184.9% during 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 in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

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.