Arista Networks (NYSE:ANET) Stock Gets Price Target Trim from TD Cowen

Arista Networks (NYSE:ANET) had its target price reduced by research analysts at TD Cowen from $250.00 to $205.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential upside of 12.09% from the stock’s previous close.

Several other research analysts have also recently commented on ANET. Rosenblatt Securities raised their target price on shares of Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price target (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Jefferies Financial Group set a $250.00 price target on Arista Networks in a research note on Wednesday, August 5th. Sanford C. Bernstein began coverage on Arista Networks in a research report on Wednesday, September 30th. They set an “outperform” rating and a $250.00 price target on the stock. Finally, BNP Paribas Exane upgraded Arista Networks to a “strong-buy” rating in a research note on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and a consensus price target of $233.20.

Arista Networks Stock Performance

NYSE:ANET opened at $182.88 on Monday. Arista Networks has a 52 week low of $114.52 and a 52 week high of $217.41. The firm has a market cap of $230.65 billion, a price-to-earnings ratio of 57.69, a P/E/G ratio of 2.06 and a beta of 1.60. The firm’s 50-day simple moving average is $198.29 and its 200 day simple moving average is $175.18.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.13. The business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $2.83 billion. Arista Networks had a net margin of 38.37% and a return on equity of 30.65%. The business’s revenue was up 37.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 EPS. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. Sell-side analysts anticipate that Arista Networks will post 3.79 EPS for the current year.

Insider Buying and Selling at Arista Networks

In related news, CFO Chantelle Breithaupt sold 1,224 shares of Arista Networks stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $215.00, for a total value of $263,160.00. Following the transaction, the chief financial officer directly owned 68,697 shares of the company’s stock, valued at $14,769,855. This trade represents a 1.75% decrease in their ownership of the stock. The sale 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 17,333 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $203.50, for a total transaction of $3,527,265.50. Following the transaction, the insider owned 12,976 shares of the company’s stock, valued at approximately $2,640,616. This represents a 57.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,584,116 shares of company stock worth $733,396,013 in the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Arista Networks

A number of large investors have recently modified their holdings of the business. Freedom Day Solutions LLC lifted its holdings in shares of Arista Networks by 6.4% in the third quarter. Freedom Day Solutions LLC now owns 17,423 shares of the technology company’s stock valued at $3,547,000 after purchasing an additional 1,048 shares in the last quarter. Ayrshire Capital Management LLC boosted its position in shares of Arista Networks by 35.9% during the third quarter. Ayrshire Capital Management LLC now owns 29,764 shares of the technology company’s stock valued at $6,060,000 after buying an additional 7,867 shares during the last quarter. CWA Asset Management Group LLC grew its holdings in Arista Networks by 11.1% during the third quarter. CWA Asset Management Group LLC now owns 7,279 shares of the technology company’s stock worth $1,482,000 after buying an additional 726 shares in the last quarter. Warwick Investment Management Inc. grew its holdings in Arista Networks by 7.3% during the third quarter. Warwick Investment Management Inc. now owns 1,797 shares of the technology company’s stock worth $366,000 after buying an additional 122 shares in the last quarter. Finally, Retirement Planning Group LLC raised its position in Arista Networks by 1.1% in the 3rd quarter. Retirement Planning Group LLC now owns 5,705 shares of the technology company’s stock valued at $1,161,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

About Arista Networks

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.