Arista Networks (NYSE:ANET) Given “Neutral” Rating at Piper Sandler

Piper Sandler reiterated their neutral rating on shares of Arista Networks (NYSE:ANET) in a research note published on Wednesday morning, Marketbeat reports. The brokerage currently has a $145.00 price target on the technology company’s stock, up from their prior price target of $143.00.

ANET has been the topic of several other reports. BNP Paribas Exane raised Arista Networks from a “neutral” rating to an “outperform” rating and set a $172.00 price target on the stock in a research note on Thursday, September 25th. Barclays restated an “overweight” rating and issued a $183.00 price target (up from $179.00) on shares of Arista Networks in a report on Wednesday. Erste Group Bank raised shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley set a $171.00 target price on Arista Networks and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, KeyCorp boosted their target price on Arista Networks from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Nineteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and a consensus target price of $164.31.

Arista Networks Trading Down 8.5%

Shares of ANET opened at $140.47 on Wednesday. The stock has a market capitalization of $176.55 billion, a P/E ratio of 55.25, a price-to-earnings-growth ratio of 3.37 and a beta of 1.48. The firm’s fifty day simple moving average is $146.74 and its two-hundred day simple moving average is $118.84. Arista Networks has a 12 month low of $59.43 and a 12 month high of $164.94.

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

Insider Buying and Selling at Arista Networks

In other Arista Networks news, Director Charles H. Giancarlo sold 58,000 shares of Arista Networks stock in a transaction on Friday, September 19th. The shares were sold at an average price of $148.42, for a total transaction of $8,608,360.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kenneth Duda sold 30,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $136.51, for a total transaction of $4,095,300.00. Following the completion of the sale, the senior vice president owned 12,976 shares of the company’s stock, valued at approximately $1,771,353.76. This represents a 69.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 2,202,019 shares of company stock worth $321,318,411. Corporate insiders own 3.39% of the company’s stock.

Hedge Funds Weigh In On Arista Networks

Institutional investors have recently modified their holdings of the business. AdvisorNet Financial Inc grew its stake in Arista Networks by 56.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company’s stock valued at $29,000 after purchasing an additional 72 shares during the period. Richardson Financial Services Inc. boosted its holdings in shares of Arista Networks by 141.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 222 shares of the technology company’s stock worth $32,000 after buying an additional 130 shares during the last quarter. Bare Financial Services Inc grew 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 valued at $25,000 after buying an additional 233 shares during the period. SJS Investment Consulting Inc. grew its position in Arista Networks by 979.2% during the third quarter. SJS Investment Consulting Inc. now owns 259 shares of the technology company’s stock valued at $38,000 after buying an additional 235 shares during the period. Finally, Guerra Advisors Inc purchased a new stake in Arista Networks during the third quarter worth about $41,000. 82.47% of the stock is owned by institutional investors.

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.