Arista Networks (NYSE:ANET) Price Target Raised to $200.00

Arista Networks (NYSE:ANET) had its price objective upped by equities research analysts at Bank of America from $185.00 to $200.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Bank of America‘s price target would indicate a potential upside of 26.79% from the stock’s current price.

ANET has been the subject of a number of other reports. The Goldman Sachs Group reissued a “buy” rating and set a $188.00 price objective (up from $165.00) on shares of Arista Networks in a research report on Friday, February 13th. TD Cowen reissued a “buy” rating and set a $200.00 price objective (up from $170.00) on shares of Arista Networks in a research report on Wednesday, May 6th. Evercore reissued an “outperform” rating and set a $200.00 price objective on shares of Arista Networks in a research report on Friday, February 13th. Citigroup cut their price objective on Arista Networks from $176.00 to $173.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Raymond James Financial raised Arista Networks from a “market perform” rating to an “outperform” rating and set a $164.00 price objective for the company in a research report on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Arista Networks has an average rating of “Buy” and a consensus target price of $186.47.

Arista Networks Stock Performance

Shares of NYSE ANET traded up $3.47 during trading on Monday, hitting $157.74. 2,690,579 shares of the company were exchanged, compared to its average volume of 8,820,131. Arista Networks has a 12-month low of $85.58 and a 12-month high of $179.80. The company has a fifty day moving average price of $150.97 and a 200-day moving average price of $138.90. The firm has a market capitalization of $198.62 billion, a PE ratio of 54.03, a P/E/G ratio of 2.38 and a beta of 1.61.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.62 billion. Arista Networks had a return on equity of 30.10% and a net margin of 38.32%.The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.65 EPS. Arista Networks has set its Q2 2026 guidance at 0.880-0.880 EPS. Research analysts anticipate that Arista Networks will post 3.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Arista Networks

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 220,000 shares of Arista Networks stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $156.86, for a total value of $34,509,200.00. Following the completion of the transaction, the insider directly owned 182,803,048 shares of the company’s stock, valued at $28,674,486,109.28. The trade was a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kenneth Duda sold 32,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $134.14, for a total value of $4,292,480.00. Following the transaction, the insider directly owned 12,976 shares of the company’s stock, valued at approximately $1,740,600.64. This represents a 71.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,943,142 shares of company stock valued at $314,941,943 in the last three months. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Intrua Financial LLC grew its position in shares of 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. NBT Bank N A NY grew its position in shares of Arista Networks by 37.2% during the first quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after buying an additional 67 shares in the last quarter. Hoxton Planning & Management LLC grew its position in shares of Arista Networks by 4.1% during the first quarter. Hoxton Planning & Management LLC now owns 1,744 shares of the technology company’s stock worth $214,000 after buying an additional 68 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Arista Networks by 0.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company’s stock worth $2,133,000 after purchasing an additional 70 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its stake in Arista Networks by 8.8% during the first quarter. Y.D. More Investments Ltd now owns 870 shares of the technology company’s stock worth $107,000 after purchasing an additional 70 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

About Arista Networks

Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista’s offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.

Central to Arista’s product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company’s hardware platforms.