Cypress Wealth Services LLC Purchases 2,148 Shares of Arista Networks, Inc. $ANET

Key Points

• Cypress Wealth Services LLC increased its holdings in Arista Networks by 42.6%, acquiring an additional 2,148 shares, bringing its total to 7,186 shares valued at $735,000.
• Arista Networks reported a quarterly EPS of $0.73, surpassing analysts' expectations of $0.65, with revenues of $2.20 billion, a 30.4% increase from the previous year.
• Several analysts have raised their price targets for Arista Networks, with JPMorgan Chase and Wells Fargo increasing their target to $175.00, demonstrating strong investor interest and confidence in the company.

Cypress Wealth Services LLC raised its position in Arista Networks, Inc. (NYSE:ANET - Free Report) by 42.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,186 shares of the technology company's stock after buying an additional 2,148 shares during the quarter. Cypress Wealth Services LLC's holdings in Arista Networks were worth $735,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sowell Financial Services LLC purchased a new position in shares of Arista Networks in the first quarter valued at $629,000. Commonwealth Equity Services LLC grew its position in shares of Arista Networks by 19.8% in the first quarter. Commonwealth Equity Services LLC now owns 613,309 shares of the technology company's stock valued at $47,519,000 after purchasing an additional 101,162 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Arista Networks in the first quarter valued at $15,227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Arista Networks by 94.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 650,011 shares of the technology company's stock worth $50,363,000 after buying an additional 316,309 shares in the last quarter. Finally, Dunhill Financial LLC grew its position in Arista Networks by 2,317.5% during the first quarter. Dunhill Financial LLC now owns 6,358 shares of the technology company's stock worth $493,000 after buying an additional 6,095 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Trading Down 4.3%

NYSE ANET opened at $147.45 on Tuesday. The stock has a 50-day moving average of $141.39 and a 200-day moving average of $109.58. The firm has a market cap of $185.32 billion, a PE ratio of 57.99, a price-to-earnings-growth ratio of 3.21 and a beta of 1.47. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $162.68.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ANET shares. Piper Sandler boosted their target price on Arista Networks from $89.00 to $143.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. UBS Group upped their price objective on Arista Networks from $115.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Wells Fargo & Company upped their price objective on Arista Networks from $150.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Arista Networks in a report on Saturday, September 27th. Nineteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $163.94.

Insider Buying and Selling

In other Arista Networks news, CEO Jayshree Ullal sold 1,785,165 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $136.22, for a total transaction of $243,175,176.30. Following the transaction, the chief executive officer owned 5,698,074 shares in the company, valued at approximately $776,191,640.28. This represents a 23.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders sold 6,678,904 shares of company stock worth $894,021,161. Corporate insiders own 3.54% of the company's stock.

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.

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