Arista Networks (NYSE:ANET) Price Target Raised to $185.00 at Melius Research

Arista Networks (NYSE:ANET) had its price target increased by Melius Research from $160.00 to $185.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

ANET has been the topic of a number of other reports. William Blair reissued an “outperform” rating on shares of Arista Networks in a research report on Friday. Citigroup boosted their price objective on shares of Arista Networks from $136.00 to $176.00 and gave the company a “buy” rating in a research report on Friday. UBS Group boosted 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. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 23rd. Finally, Wolfe Research boosted their price objective on shares of Arista Networks from $160.00 to $185.00 and gave the company an “outperform” rating in a research report on Friday. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.56.

Arista Networks Stock Down 8.9%

Shares of NYSE ANET opened at $139.35 on Friday. Arista Networks has a 52 week low of $59.43 and a 52 week high of $156.32. The firm’s fifty day moving average is $126.85 and its 200 day moving average is $100.18. The company has a market cap of $175.14 billion, a price-to-earnings ratio of 54.81, a PEG ratio of 3.60 and a beta of 1.50.

Arista Networks (NYSE:ANET) last issued its earnings results on Tuesday, August 5th. The technology company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.65 by $0.08. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.11 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Arista Networks has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Arista Networks will post 2.2 earnings per share for the current year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the company’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total value of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at $776,191,640.28. The trade was a 23.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 7,582,614 shares of company stock valued at $980,712,097. Insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds have recently bought and sold shares of ANET. Bare Financial Services Inc boosted its stake in Arista Networks by 2,118.2% in the 2nd quarter. Bare Financial Services Inc now owns 244 shares of the technology company’s stock worth $25,000 after purchasing an additional 233 shares in the last quarter. HighMark Wealth Management LLC boosted its stake in Arista Networks by 179.7% in the 1st quarter. HighMark Wealth Management LLC now owns 358 shares of the technology company’s stock worth $28,000 after purchasing an additional 230 shares in the last quarter. Cloud Capital Management LLC bought a new position in Arista Networks in the 1st quarter worth about $30,000. Saudi Central Bank bought a new position in Arista Networks in the 1st quarter worth about $33,000. Finally, REAP Financial Group LLC lifted its stake in Arista Networks by 108.0% during the 2nd quarter. REAP Financial Group LLC now owns 337 shares of the technology company’s stock valued at $34,000 after acquiring an additional 175 shares during the period. Institutional investors own 82.47% of the company’s stock.

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.