Arista Networks (NYSE:ANET) Trading 2.7% Higher – Time to Buy?

Arista Networks, Inc. (NYSE:ANET)’s stock price shot up 2.7% on Tuesday . The company traded as high as $194.69 and last traded at $192.8240. 4,906,076 shares changed hands during trading, a decline of 40% from the average daily volume of 8,197,946 shares. The stock had previously closed at $187.81.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group restated a “buy” rating and issued a $259.00 price objective (up from $187.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Evercore restated an “outperform” rating on shares of Arista Networks in a report on Thursday, September 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $225.00 price objective on shares of Arista Networks in a report on Wednesday, August 5th. Wolfe Research restated an “outperform” rating and set a $175.00 target price on shares of Arista Networks in a report on Wednesday, June 10th. Finally, Zacks Research upgraded shares of Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $227.80.

Arista Networks Trading Up 2.7%

The company has a market cap of $243.19 billion, a PE ratio of 60.83, a PEG ratio of 2.37 and a beta of 1.62. The stock has a 50 day moving average price of $186.19 and a 200 day moving average price of $162.75.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Equities analysts expect that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Transactions at Arista Networks

In related news, CFO Chantelle Breithaupt sold 612 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $195.77, for a total transaction of $119,811.24. Following the sale, the chief financial officer owned 69,921 shares of the company’s stock, valued at $13,688,434.17. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 dated Thursday, August 27th. The stock was sold at an average price of $202.60, for a total transaction of $60,780,000.00. Following the completion of the sale, the insider owned 180,843,048 shares in the company, valued at approximately $36,638,801,524.80. This trade represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,527,694 shares of company stock worth $684,665,787. 2.70% of the stock is owned by insiders.

Institutional Trading of Arista Networks

Hedge funds have recently made changes to their positions in the stock. Main Street Group LTD bought a new position in Arista Networks in the 1st quarter worth about $26,000. Sankala Group LLC bought a new stake in Arista Networks during the 4th quarter valued at about $27,000. ABS Investment Management LLC bought a new stake in Arista Networks during the 2nd quarter valued at about $29,000. ABS Direct Equity Fund LLC purchased a new position in Arista Networks in the second quarter worth about $29,000. Finally, Hilton Head Capital Partners LLC lifted its stake in shares of Arista Networks by 184.9% in the first quarter. Hilton Head Capital Partners LLC now owns 245 shares of the technology company’s stock worth $30,000 after buying an additional 159 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

Arista Networks Company Profile

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.