Arista Networks (NYSE:ANET) Stock Price Up 3% – Time to Buy?

Shares of Arista Networks, Inc. (NYSE:ANET) were up 3% during trading on Monday . The company traded as high as $205.95 and last traded at $205.37. 4,913,078 shares traded hands during trading, a decline of 40% from the average session volume of 8,162,768 shares. The stock had previously closed at $199.39.

Analysts Set New Price Targets

ANET has been the subject of a number of research reports. KeyCorp restated an “overweight” rating and set a $250.00 price objective (up from $200.00) on shares of Arista Networks in a research report on Wednesday, August 5th. Zacks Research raised Arista Networks from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. UBS Group reiterated a “buy” rating and issued a $259.00 target price (up from $187.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Evercore restated an “outperform” rating on shares of Arista Networks in a research report on Thursday, September 10th. Finally, Citigroup restated a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $227.80.

Arista Networks Trading Down 0.0%

The firm has a fifty day moving average price of $188.56 and a 200 day moving average price of $165.68. The firm has a market capitalization of $258.72 billion, a price-to-earnings ratio of 64.71, a P/E/G ratio of 2.44 and a beta of 1.62.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data 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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, equities analysts predict that Arista Networks, Inc. will post 3.7 EPS for the current fiscal year.

Insider Buying and Selling at Arista Networks

In related news, Director Mark Templeton sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $197.16, for a total value of $985,800.00. Following the completion of the sale, the director owned 53,410 shares in the company, valued at approximately $10,530,315.60. This represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 13,809 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $191.79, for a total transaction of $2,648,428.11. Following the completion of the sale, the chief executive officer owned 9,917 shares in the company, valued at approximately $1,901,981.43. This trade represents a 58.20% 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. Insiders sold 3,784,361 shares of company stock valued at $736,922,644 over the last quarter. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arista Networks

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

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.