Arista Networks, Inc. $ANET Stake Raised by Cherry Tree Wealth Management LLC

Cherry Tree Wealth Management LLC lifted its holdings in Arista Networks, Inc. (NYSE:ANET) by 1,383.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,420 shares of the technology company’s stock after purchasing an additional 4,122 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Arista Networks were worth $751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cura Wealth Advisors LLC grew its position in Arista Networks by 3.1% in the second quarter. Cura Wealth Advisors LLC now owns 1,748 shares of the technology company’s stock worth $297,000 after buying an additional 52 shares during the last quarter. Madison Wealth Partners Inc lifted its position in shares of Arista Networks by 2.8% during the 2nd quarter. Madison Wealth Partners Inc now owns 2,179 shares of the technology company’s stock valued at $370,000 after acquiring an additional 60 shares during the last quarter. Intrua Financial LLC boosted its stake in shares of Arista Networks by 2.7% during the 1st quarter. Intrua Financial LLC now owns 2,307 shares of the technology company’s stock worth $283,000 after acquiring an additional 61 shares in the last quarter. Shepherd Financial Partners LLC boosted its stake in shares of Arista Networks by 1.2% during the 2nd quarter. Shepherd Financial Partners LLC now owns 5,403 shares of the technology company’s stock worth $918,000 after acquiring an additional 66 shares in the last quarter. Finally, NBT Bank N A NY grew its holdings in shares of Arista Networks by 37.2% in the 1st quarter. NBT Bank N A NY now owns 247 shares of the technology company’s stock worth $30,000 after acquiring an additional 67 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ANET shares. Jefferies Financial Group set a $250.00 target price on Arista Networks in a research report on Wednesday, August 5th. Citigroup reissued a “buy” rating on shares of Arista Networks in a research note on Thursday, August 6th. Piper Sandler restated an “overweight” rating and set a $240.00 price objective (up from $181.00) on shares of Arista Networks in a report on Wednesday, August 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective (up from $200.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Finally, TD Cowen raised their target price on shares of Arista Networks from $210.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of “Buy” and a consensus target price of $227.80.

Arista Networks Stock Up 2.1%

Shares of ANET traded up $3.85 during mid-day trading on Tuesday, reaching $191.66. The company’s stock had a trading volume of 1,851,047 shares, compared to its average volume of 8,181,823. The company has a market cap of $241.73 billion, a price-to-earnings ratio of 60.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.62. The business has a fifty day moving average of $186.19 and a 200 day moving average of $162.75. Arista Networks, Inc. has a 1 year low of $114.52 and a 1 year high of $214.89.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.13. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $2.83 billion. Arista Networks had a return on equity of 30.65% and a net margin of 38.37%.Arista Networks’s quarterly revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 earnings per share. Arista Networks has set its Q3 2026 guidance at 1.060-1.080 EPS. On average, analysts predict that Arista Networks, Inc. will post 3.7 earnings per share for the current year.

Insider Activity at Arista Networks

In other news, CEO Jayshree Ullal sold 767,029 shares of the business’s stock in a transaction 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 transaction, the chief executive officer directly owned 16,387,981 shares in the company, valued at $3,297,589,536.82. The trade was a 4.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. This trade represents a 0.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 3,527,694 shares of company stock worth $684,665,787. Company insiders own 2.70% of the company’s stock.

Arista Networks Profile

Arista Networks, Inc designs, develops and sells cloud networking solutions for large data centers, cloud service providers, internet companies, enterprises and other organizations. Its portfolio includes high-performance Ethernet switches, routers and wireless networking products used to connect servers, storage systems, users and applications across data center and campus environments.

The company’s software offerings include Arista EOS, its Linux-based network operating system, and CloudVision, a cloud-based platform for network management, automation, monitoring and analytics.