Arista Networks (NYSE:ANET) Trading 2.8% Higher – Time to Buy?

Arista Networks, Inc. (NYSE:ANET)’s share price rose 2.8% during trading on Friday . The stock traded as high as $131.41 and last traded at $131.2490. Approximately 3,893,506 shares were traded during trading, a decline of 61% from the average daily volume of 10,015,415 shares. The stock had previously closed at $127.65.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Arista Networks from $115.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Barclays reaffirmed an “overweight” rating and issued a $183.00 target price (up previously from $179.00) on shares of Arista Networks in a report on Wednesday, November 5th. Evercore ISI increased their price target on shares of Arista Networks from $150.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. BNP Paribas upgraded shares of Arista Networks from a “hold” rating to an “outperform” rating in a research report on Thursday, September 25th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $140.00 target price on shares of Arista Networks in a research report on Monday. Seventeen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Stock Performance

The stock has a market capitalization of $165.28 billion, a PE ratio of 51.62, a P/E/G ratio of 3.37 and a beta of 1.48. The company’s fifty day simple moving average is $142.42 and its two-hundred day simple moving average is $123.79.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $2.40 earnings per share. The company’s quarterly revenue was up 27.5% on a year-over-year basis. Arista Networks has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, insider Kenneth Duda sold 30,000 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $128.61, for a total transaction of $3,858,300.00. Following the sale, the insider owned 12,976 shares of the company’s stock, valued at $1,668,843.36. This trade represents a 69.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles H. Giancarlo sold 8,000 shares of Arista Networks stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $157.12, for a total value of $1,256,960.00. Following the sale, the director owned 33,784 shares of the company’s stock, valued at approximately $5,308,142.08. This represents a 19.15% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,985,422 shares of company stock worth $290,780,281. 3.39% of the stock is owned by insiders.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently modified their holdings of the company. Bare Financial Services Inc boosted its position in Arista Networks by 2,118.2% during the second quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after acquiring an additional 233 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Arista Networks by 56.7% during the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock worth $29,000 after purchasing an additional 72 shares during the period. Knuff & Co LLC acquired a new stake in shares of Arista Networks during the third quarter worth $29,000. Richardson Financial Services Inc. boosted its holdings in shares of Arista Networks by 141.3% during the third quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock worth $32,000 after purchasing an additional 130 shares during the last quarter. Finally, Saudi Central Bank purchased a new stake in shares of Arista Networks in the first quarter valued at $33,000. 82.47% of the stock is owned by institutional investors and hedge funds.

Arista Networks Company Profile

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.