Arista Networks (NYSE:ANET) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein assumed coverage on shares of Arista Networks (NYSE:ANET) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $250.00 target price on the technology company’s stock.

A number of other equities analysts also recently weighed in on the stock. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 15th. Morgan Stanley restated an “overweight” rating and set a $220.00 price objective (up from $190.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen boosted their target price on shares of Arista Networks from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Arista Networks in a research report on Monday, August 31st. They set a “buy” rating and a $220.00 target price for the company. Finally, Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $231.70.

Arista Networks Stock Up 1.5%

ANET stock opened at $207.50 on Wednesday. The firm has a market cap of $261.70 billion, a PE ratio of 65.46, a P/E/G ratio of 2.40 and a beta of 1.60. The business has a 50 day moving average of $193.78 and a 200-day moving average of $169.30. Arista Networks has a 12-month low of $114.52 and a 12-month high of $214.89.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.13. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s quarterly revenue was up 37.7% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, research analysts expect that Arista Networks will post 3.74 earnings per share for the current year.

Insider Buying and Selling at Arista Networks

In other news, CEO Jayshree Ullal sold 62,622 shares of Arista Networks stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $211.40, for a total value of $13,238,290.80. Following the completion of the transaction, the chief executive officer owned 4,876,972 shares in the company, valued at $1,030,991,880.80. This trade represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, Director Mark B. Templeton sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $197.16, for a total transaction of $985,800.00. Following the completion of the sale, the director directly owned 53,410 shares in the company, valued at approximately $10,530,315.60. This trade represents a 8.56% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,382,316 shares of company stock valued at $675,904,720. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cura Wealth Advisors LLC grew its stake in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after purchasing an additional 52 shares during the period. Madison Wealth Partners Inc lifted its position in Arista Networks by 2.8% during the second quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after buying an additional 60 shares during the period. Intrua Financial LLC lifted its position in Arista Networks by 2.7% during the first quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock valued at $283,000 after buying an additional 61 shares during the period. Shepherd Financial Partners LLC boosted its holdings in shares of Arista Networks by 1.2% during the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock valued at $918,000 after buying an additional 66 shares in the last quarter. Finally, NBT Bank N A NY boosted its holdings in shares of Arista Networks by 37.2% during the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock valued at $30,000 after buying an additional 67 shares in the last quarter. 82.47% of the stock is owned by institutional investors.

About Arista Networks

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.

The company’s software portfolio includes Arista EOS, its network operating system, and CloudVision, a platform that helps customers manage, automate and monitor network infrastructure.