Arista Networks (NYSE:ANET) Stock Price Up 1.5% – Still a Buy?

02 Oct 2026, 21:21 by Tristan Rich · The Markets Daily

Arista Networks, Inc. (NYSE:ANET – Get Free Report)’s stock price traded up 1.5% during trading on Friday. The company traded as high as $208.63 and last traded at $207.50. 4,112,869 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 7,979,429 shares. The stock had previously closed at $204.49.

Analysts Set New Price Targets

Several equities analysts have issued reports on ANET shares. The Goldman Sachs Group reiterated a “buy” rating and set a $225.00 target price on shares of Arista Networks in a research report on Wednesday, August 5th. Bank of America reissued a “buy” rating and issued a $240.00 price target (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. TD Cowen upped their price objective on Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft began coverage on Arista Networks in a research report on Monday, August 31st. They issued a “buy” rating and a $220.00 price objective for the company. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $255.00 target price (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $231.70.

Read Our Latest Stock Report on Arista Networks

Arista Networks Price Performance

The stock has a 50-day simple moving average of $193.11 and a 200 day simple moving average of $169.03. The company has a market capitalization of $261.70 billion, a PE ratio of 65.46, a P/E/G ratio of 2.39 and a beta of 1.60.

Arista Networks (NYSE:ANET – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 30.65% and a net margin of 38.37%.The business’s revenue for the quarter was up 37.7% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. As a group, research analysts predict that Arista Networks, Inc. will post 3.74 EPS for the current fiscal year.

Insider Activity

In other Arista Networks news, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $203.30, for a total transaction of $60,990,000.00. Following the completion of the transaction, the insider owned 181,143,048 shares in the company, valued at approximately $36,826,381,658.40. The trade was a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Jayshree Ullal sold 767,029 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $201.22, for a total transaction of $154,341,575.38. Following the completion of the sale, the chief executive officer owned 16,387,981 shares in the company, valued at $3,297,589,536.82. This represents a 4.47% 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 3,382,316 shares of company stock valued at $675,904,720 over the last 90 days. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Arista Networks

Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Arista Networks by 159.4% during the 2nd quarter. State Street Corp now owns 121,303,125 shares of the technology company’s stock worth $20,606,975,000 after purchasing an additional 74,541,134 shares during the last quarter. Jupiter Topco LLC acquired a new position in shares of Arista Networks in the second quarter valued at approximately $1,101,860,000. Envestnet Asset Management Inc. raised its position in shares of Arista Networks by 199.0% in the second quarter. Envestnet Asset Management Inc. now owns 9,630,196 shares of the technology company’s stock valued at $1,635,978,000 after buying an additional 6,409,612 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Arista Networks during the second quarter valued at approximately $537,736,000. Finally, Franklin Resources Inc. lifted its stake in shares of Arista Networks by 59.3% during the fourth quarter. Franklin Resources Inc. now owns 7,878,360 shares of the technology company’s stock valued at $1,032,302,000 after buying an additional 2,934,098 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

(Get Free Report)

Arista Networks, Inc develops and sells cloud networking solutions for data centers, campus environments and high-performance computing applications. Its products include Ethernet switches, routers, wireless access points and related networking equipment designed to support cloud computing, artificial intelligence, enterprise and service-provider networks.