Arista Networks Inc (NYSE:ANET) has earned an average recommendation of “Buy” from the twenty-seven ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nineteen have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $300.09.

Several research firms recently commented on ANET. Rosenblatt Securities assumed coverage on Arista Networks in a research note on Friday, March 29th. They issued a “neutral” rating and a $330.00 price objective on the stock. Nomura raised shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Friday, January 18th. Morgan Stanley raised Arista Networks from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $290.00 to $250.00 in a research note on Monday, January 7th. ValuEngine cut Arista Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research lowered shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd.

Arista Networks stock traded up $2.57 during midday trading on Monday, reaching $327.34. The stock had a trading volume of 18,677 shares, compared to its average volume of 815,587. Arista Networks has a 12 month low of $187.08 and a 12 month high of $326.49. The firm has a market capitalization of $24.90 billion, a price-to-earnings ratio of 46.28, a PEG ratio of 1.94 and a beta of 1.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 4.04.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, February 14th. The technology company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.45. Arista Networks had a return on equity of 29.37% and a net margin of 29.47%. The business had revenue of $595.70 million during the quarter, compared to the consensus estimate of $591.41 million. During the same quarter in the previous year, the business earned $1.71 EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. On average, sell-side analysts expect that Arista Networks will post 8.24 EPS for the current year.

In other news, insider Anshul Sadana sold 42,084 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $286.27, for a total value of $12,047,386.68. Following the completion of the sale, the insider now directly owns 6,282 shares in the company, valued at $1,798,348.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jayshree Ullal sold 33,498 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $286.65, for a total transaction of $9,602,201.70. Following the completion of the sale, the insider now owns 10,425 shares of the company’s stock, valued at $2,988,326.25. The disclosure for this sale can be found here. Insiders sold 219,229 shares of company stock worth $63,744,447 in the last quarter. Company insiders own 24.95% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama lifted its stake in Arista Networks by 2.4% in the first quarter. Retirement Systems of Alabama now owns 24,333 shares of the technology company’s stock worth $7,652,000 after acquiring an additional 560 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Arista Networks by 3.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 2,800 shares of the technology company’s stock valued at $880,000 after acquiring an additional 100 shares during the period. Scout Investments Inc. increased its holdings in shares of Arista Networks by 109.4% in the 1st quarter. Scout Investments Inc. now owns 489,326 shares of the technology company’s stock valued at $153,873,000 after acquiring an additional 255,663 shares during the period. Virtu Financial LLC increased its holdings in shares of Arista Networks by 336.9% in the 1st quarter. Virtu Financial LLC now owns 4,234 shares of the technology company’s stock valued at $1,331,000 after acquiring an additional 3,265 shares during the period. Finally, CAPROCK Group Inc. acquired a new position in Arista Networks in the 1st quarter valued at $365,000. Institutional investors and hedge funds own 56.33% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Read More: Differences Between Momentum Investing and Long Term Investing

Analyst Recommendations for Arista Networks (NYSE:ANET)

Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.