Cherry Tree Wealth Management LLC Acquires 4,122 Shares of Arista Networks, Inc. $ANET

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

Several other institutional investors and hedge funds have also modified their holdings of the business. ABS Investment Management LLC acquired a new position in Arista Networks during the second quarter worth $29,000. ABS Direct Equity Fund LLC bought a new stake in shares of Arista Networks during the 2nd quarter worth about $29,000. Kelleher Financial Advisors bought a new stake in shares of Arista Networks during the 2nd quarter worth about $31,000. Cornerstone Financial Management LLC increased its holdings in shares of Arista Networks by 61.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 183 shares of the technology company’s stock valued at $31,000 after acquiring an additional 70 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in shares of Arista Networks during the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Insider Transactions at Arista Networks

In other Arista Networks news, CEO Jayshree Ullal sold 767,029 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $201.22, for a total value 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 approximately $3,297,589,536.82. This trade represents a 4.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Andreas Bechtolsheim sold 300,000 shares of Arista Networks stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $203.30, for a total value of $60,990,000.00. Following the sale, the insider directly owned 181,143,048 shares in the company, valued at $36,826,381,658.40. The trade was a 0.17% decrease in their position. 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 3,527,694 shares of company stock valued at $684,665,787 in the last ninety days. 2.70% of the stock is owned by company insiders.

Arista Networks Stock Performance

Shares of ANET traded up $3.85 during mid-day trading on Tuesday, hitting $191.66. The company’s stock had a trading volume of 1,851,047 shares, compared to its average volume of 8,181,823. Arista Networks, Inc. has a one year low of $114.52 and a one year high of $214.89. The firm has a market capitalization of $241.73 billion, a PE ratio of 60.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.62. The stock’s 50-day moving average is $186.19 and its two-hundred day moving average is $162.75.

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

Analyst Ratings Changes

Several research firms recently weighed in on ANET. Rosenblatt Securities boosted their target price on Arista Networks from $210.00 to $280.00 and gave the stock a “buy” rating in a 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 research report on Wednesday, August 5th. Barclays restated an “overweight” rating and issued a $289.00 price objective (up from $195.00) on shares of Arista Networks in a research note on Wednesday, August 5th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $255.00 price objective (up from $200.00) on shares of Arista Networks in a report on Wednesday, August 5th. Finally, Erste Group Bank upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Buy” and an average target price of $227.80.

About Arista Networks

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.