Arista Networks, Inc. $ANET Shares Bought by Cyndeo Wealth Partners LLC

Key Points

• Cyndeo Wealth Partners LLC significantly increased its stake in Arista Networks by 987.3%, owning 31,085 shares valued at approximately $3.18 million as of their latest SEC filing.
• Arista Networks reported strong quarterly earnings with an EPS of $0.73, exceeding the consensus estimate, alongside a 30.4% year-over-year revenue increase to $2.20 billion.
• Institutional investors currently hold 82.47% of Arista Networks' stock, indicating strong confidence among large financial entities in the company's future growth prospects.

Cyndeo Wealth Partners LLC raised its stake in Arista Networks, Inc. (NYSE:ANET - Free Report) by 987.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,085 shares of the technology company's stock after acquiring an additional 28,226 shares during the period. Cyndeo Wealth Partners LLC's holdings in Arista Networks were worth $3,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. KRS Capital Management LLC acquired a new position in Arista Networks in the second quarter valued at $285,000. IFP Advisors Inc boosted its stake in Arista Networks by 42.9% in the second quarter. IFP Advisors Inc now owns 7,075 shares of the technology company's stock valued at $724,000 after acquiring an additional 2,124 shares in the last quarter. Callan Family Office LLC boosted its stake in Arista Networks by 164.2% in the second quarter. Callan Family Office LLC now owns 19,261 shares of the technology company's stock valued at $1,971,000 after acquiring an additional 11,971 shares in the last quarter. Blair William & Co. IL boosted its stake in Arista Networks by 12.1% in the second quarter. Blair William & Co. IL now owns 1,157,382 shares of the technology company's stock valued at $118,412,000 after acquiring an additional 125,362 shares in the last quarter. Finally, Rice Partnership LLC acquired a new position in Arista Networks in the second quarter valued at $3,245,000. Institutional investors and hedge funds own 82.47% of the company's stock.

Arista Networks Stock Up 0.8%

NYSE ANET opened at $158.57 on Friday. The stock has a market capitalization of $199.30 billion, a P/E ratio of 62.37, a P/E/G ratio of 3.28 and a beta of 1.47. Arista Networks, Inc. has a 52-week low of $59.43 and a 52-week high of $159.80. The firm has a 50-day moving average price of $140.11 and a 200 day moving average price of $108.23.

Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The technology company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.08. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.11 billion. Arista Networks had a net margin of 40.90% and a return on equity of 31.05%. The firm's revenue for the quarter was up 30.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Arista Networks has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.

Insider Transactions at Arista Networks

In related news, CEO Jayshree Ullal sold 1,785,165 shares of the stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the completion of the transaction, the chief executive officer directly owned 5,698,074 shares of the company's stock, valued at $776,191,640.28. This represents a 23.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 6,678,904 shares of company stock worth $894,021,161 over the last three months. Corporate insiders own 3.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ANET. BNP Paribas Exane raised shares of Arista Networks from a "neutral" rating to an "outperform" rating and set a $172.00 target price for the company in a report on Thursday, September 25th. Barclays upped their target price on shares of Arista Networks from $151.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, September 12th. William Blair reaffirmed an "outperform" rating on shares of Arista Networks in a report on Friday, September 12th. KeyCorp upped their target price on shares of Arista Networks from $115.00 to $145.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group upped their target price on shares of Arista Networks from $155.00 to $175.00 and gave the company a "buy" rating in a report on Friday, September 12th. Nineteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Arista Networks Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.