Arista Networks (NYSE:ANET) Given New $240.00 Price Target at Truist Financial

Arista Networks (NYSE:ANET) had its price objective boosted by investment analysts at Truist Financial from $234.00 to $240.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Truist Financial‘s price target points to a potential upside of 34.32% from the company’s previous close.

A number of other research analysts have also weighed in on ANET. Zacks Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. UBS Group restated a “buy” rating and set a $291.00 price objective on shares of Arista Networks in a report on Wednesday. Evercore reaffirmed an “outperform” rating on shares of Arista Networks in a research report on Monday. TD Cowen dropped their target price on Arista Networks from $250.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, October 19th. Finally, Melius Research set a $305.00 target price on Arista Networks in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $238.67.

Arista Networks Trading Up 5.2%

Shares of NYSE ANET traded up $8.77 during midday trading on Wednesday, reaching $178.68. 7,765,942 shares of the stock were exchanged, compared to its average volume of 7,804,459. The stock has a 50 day moving average price of $194.30 and a 200-day moving average price of $165.10. The company has a market capitalization of $225.36 billion, a P/E ratio of 56.50, a P/E/G ratio of 1.91 and a beta of 1.61. Arista Networks has a 52-week low of $114.52 and a 52-week high of $217.41.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, November 3rd. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.12. The business had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.33 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The company’s quarterly revenue was up 58.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, analysts forecast that Arista Networks will post 3.79 earnings per share for the current year.

Insiders Place Their Bets

In other Arista Networks news, CEO Jayshree Ullal sold 573,509 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $208.13, for a total transaction of $119,364,428.17. Following the completion of the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $5,203,250. The trade was a 95.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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, September 17th. The stock was sold at an average price of $198.95, for a total value of $59,685,000.00. Following the sale, the insider owned 180,543,048 shares of the company’s stock, valued at $35,919,039,399.60. This represents a 0.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,487,846 shares of company stock worth $503,417,253 in the last quarter. 2.70% of the stock is owned by insiders.

Institutional Trading of Arista Networks

A number of institutional investors have recently modified their holdings of ANET. Mizuho Securities Co. Ltd. acquired a new position in Arista Networks in the 3rd quarter valued at approximately $61,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Arista Networks in the 3rd quarter worth approximately $202,000. Almanack Investment Partners LLC. boosted its stake in shares of Arista Networks by 12.4% during the 3rd quarter. Almanack Investment Partners LLC. now owns 1,862 shares of the technology company’s stock valued at $379,000 after buying an additional 205 shares during the period. IronBridge Private Wealth LLC acquired a new stake in shares of Arista Networks during the 3rd quarter valued at $205,000. Finally, M Holdings Securities Inc. acquired a new stake in shares of Arista Networks during the 3rd quarter valued at $2,918,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.

More Arista Networks News

Here are the key news stories impacting Arista Networks this week:

• Positive Sentiment: Arista reported third-quarter revenue of $3.66 billion, up 58.5% year over year and above the $3.33 billion analyst estimate. Adjusted EPS of $1.20 also topped the $1.08 consensus. Management called it the company’s strongest revenue growth since its IPO. Article: Arista Networks Notches Biggest Revenue Gain Since 2014 IPO
• Positive Sentiment: Fourth-quarter guidance came in well above expectations. Management also indicated 2027 revenue could reach roughly $18.5 billion, with AI-related networking revenue expected to about double to approximately $7 billion—reinforcing the growth opportunity from AI and data-center buildouts. Article: Arista Networks Q3 2026 Earnings Call Highlights
• Positive Sentiment: Rosenblatt Securities reaffirmed its “buy” rating and set a $280 price target, signaling confidence in further potential. Article: Rosenblatt Reaffirms Buy Rating
• Neutral Sentiment: Major shareholder Andreas Bechtolsheim sold 267,892 shares under a pre-arranged Rule 10b5-1 plan. The sale reduced his ownership by just 0.15%, leaving him with about 180.3 million shares. Article: Major Shareholder Andreas Bechtolsheim Sells Shares
• Negative Sentiment: Gross margin slipped as product sales made up a larger portion of revenue, a potential offset to the strong growth. Article: Arista Revenue Up 58% as Q4 Outlook Slows

Arista Networks Company Profile

Arista Networks, Inc develops and sells cloud networking solutions for data centers, cloud service providers, enterprises and specialized computing environments. The company’s products are designed to support high-performance, scalable and automated networks used for cloud computing, artificial intelligence, data analytics and other demanding applications.

Arista’s portfolio includes data center and campus switches, routing platforms, wireless networking products, network operating software and network management tools.