Insider Selling: Arista Networks, Inc. (NYSE:ANET) COO Sells 1,612 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) COO Anshul Sadana sold 1,612 shares of the company’s stock in a transaction dated Wednesday, November 18th. The shares were sold at an average price of $280.05, for a total value of $451,440.60. Following the completion of the transaction, the chief operating officer now owns 2,761 shares in the company, valued at approximately $773,218.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Anshul Sadana also recently made the following trade(s):

  • On Friday, November 13th, Anshul Sadana sold 8,686 shares of Arista Networks stock. The shares were sold at an average price of $270.41, for a total value of $2,348,781.26.
  • On Monday, November 9th, Anshul Sadana sold 382 shares of Arista Networks stock. The shares were sold at an average price of $270.28, for a total value of $103,246.96.
  • On Friday, November 6th, Anshul Sadana sold 3,169 shares of Arista Networks stock. The shares were sold at an average price of $260.04, for a total value of $824,066.76.
  • On Tuesday, November 3rd, Anshul Sadana sold 3,166 shares of Arista Networks stock. The shares were sold at an average price of $252.12, for a total value of $798,211.92.

ANET opened at $268.50 on Friday. Arista Networks, Inc. has a 1-year low of $156.63 and a 1-year high of $280.35. The stock has a market capitalization of $20.31 billion, a price-to-earnings ratio of 30.07, a P/E/G ratio of 3.73 and a beta of 1.04. The business has a 50 day moving average of $232.73 and a 200-day moving average of $223.04.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Monday, November 2nd. The technology company reported $2.42 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.20. Arista Networks had a return on equity of 20.37% and a net margin of 32.06%. The company had revenue of $605.40 million during the quarter, compared to analysts’ expectations of $581.55 million. During the same period in the prior year, the business earned $2.69 earnings per share. Arista Networks’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities research analysts anticipate that Arista Networks, Inc. will post 7.66 EPS for the current fiscal year.

ANET has been the subject of several recent research reports. Citigroup cut Arista Networks from a “buy” rating to a “neutral” rating and lowered their price target for the company from $290.00 to $230.00 in a research note on Monday, October 12th. Wells Fargo & Company boosted their price target on Arista Networks from $230.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Bank of America raised Arista Networks from a “neutral” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Tuesday, November 3rd. FBN Securities boosted their price target on Arista Networks from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, November 3rd. Finally, Smith Barney Citigroup upped their target price on Arista Networks from $230.00 to $240.00 in a research report on Tuesday, November 3rd. Thirteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $239.45.

Institutional investors and hedge funds have recently bought and sold shares of the company. Catalyst Private Wealth LLC acquired a new position in shares of Arista Networks in the third quarter valued at $31,000. Great West Life Assurance Co. Can raised its stake in shares of Arista Networks by 0.6% in the third quarter. Great West Life Assurance Co. Can now owns 42,779 shares of the technology company’s stock valued at $8,851,000 after purchasing an additional 235 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Arista Networks by 273.4% in the third quarter. Voloridge Investment Management LLC now owns 86,889 shares of the technology company’s stock valued at $17,980,000 after purchasing an additional 63,620 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Arista Networks by 2.4% in the third quarter. California State Teachers Retirement System now owns 106,725 shares of the technology company’s stock valued at $22,085,000 after purchasing an additional 2,474 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Arista Networks by 167.3% in the third quarter. Captrust Financial Advisors now owns 1,144 shares of the technology company’s stock valued at $237,000 after purchasing an additional 716 shares in the last quarter. 58.99% of the stock is owned by institutional investors.

Arista Networks Company Profile

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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