Piper Sandler Reaffirms Neutral Rating for Arista Networks (NYSE:ANET)

Arista Networks (NYSE:ANET)‘s stock had its “neutral” rating restated by equities researchers at Piper Sandler in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a $145.00 target price on the technology company’s stock, up from their prior target price of $143.00. Piper Sandler’s price objective would suggest a potential upside of 8.22% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Arista Networks in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Arista Networks in a research report on Tuesday, October 14th. William Blair reaffirmed an “outperform” rating on shares of Arista Networks in a research note on Friday, September 12th. Morgan Stanley set a $171.00 price objective on Arista Networks and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, Erste Group Bank raised Arista Networks from a “hold” rating to a “buy” rating in a report on Wednesday, July 23rd. Nineteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $164.31.

Arista Networks Trading Down 4.6%

Shares of NYSE ANET opened at $133.99 on Wednesday. The stock has a market cap of $168.41 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.37 and a beta of 1.48. Arista Networks has a twelve month low of $59.43 and a twelve month high of $164.94. The stock has a 50 day moving average of $146.69 and a two-hundred day moving average of $118.95.

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

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 1,247,688 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $148.53, for a total value of $185,319,098.64. Following the completion of the transaction, the chief executive officer owned 5,383,207 shares in the company, valued at approximately $799,567,735.71. This represents a 18.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kenneth Duda sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $141.79, for a total transaction of $4,253,700.00. Following the sale, the insider owned 12,976 shares in the company, valued at $1,839,867.04. The trade was a 69.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,009,040 shares of company stock valued at $294,365,034. Corporate insiders own 3.39% of the company’s stock.

Institutional Trading of Arista Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC acquired a new position in Arista Networks during the first quarter worth about $933,626,000. Norges Bank purchased a new stake in shares of Arista Networks during the 2nd quarter worth approximately $1,228,177,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Arista Networks by 2,829.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,721,156 shares of the technology company’s stock worth $833,630,000 after acquiring an additional 5,525,828 shares during the period. AQR Capital Management LLC grew its holdings in shares of Arista Networks by 153.8% in the 1st quarter. AQR Capital Management LLC now owns 7,719,809 shares of the technology company’s stock worth $584,119,000 after acquiring an additional 4,678,372 shares during the period. Finally, Nordea Investment Management AB increased its stake in Arista Networks by 193.3% in the 2nd quarter. Nordea Investment Management AB now owns 7,065,054 shares of the technology company’s stock valued at $721,342,000 after purchasing an additional 4,656,021 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

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.