John F. Mccool Sells 83 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 83 shares of the firm’s stock in a transaction on Tuesday, April 20th. The stock was sold at an average price of $312.97, for a total value of $25,976.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ANET stock opened at $312.83 on Friday. The company has a market cap of $23.88 billion, a PE ratio of 35.03, a PEG ratio of 3.91 and a beta of 1.21. Arista Networks, Inc. has a 12-month low of $192.96 and a 12-month high of $326.60. The business’s fifty day simple moving average is $297.22 and its 200-day simple moving average is $282.05.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Wednesday, February 17th. The technology company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.10. The firm had revenue of $648.48 million for the quarter, compared to analyst estimates of $628.76 million. Arista Networks had a net margin of 32.06% and a return on equity of 20.37%. As a group, sell-side analysts forecast that Arista Networks, Inc. will post 7.66 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in ANET. Baillie Gifford & Co. purchased a new stake in shares of Arista Networks during the fourth quarter valued at $28,000. Credit Agricole S A purchased a new stake in shares of Arista Networks during the fourth quarter valued at $29,000. Catalyst Private Wealth LLC purchased a new stake in shares of Arista Networks during the third quarter valued at $31,000. Veritas Investment Partners UK Ltd. purchased a new stake in shares of Arista Networks during the fourth quarter valued at $31,000. Finally, Carroll Financial Associates Inc. purchased a new stake in Arista Networks in the first quarter valued at $33,000. 61.75% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have commented on ANET. UBS Group raised their price target on Arista Networks from $308.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 19th. Barclays raised their price objective on Arista Networks from $294.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, February 25th. Piper Sandler raised their price objective on Arista Networks from $300.00 to $330.00 and gave the company a “neutral” rating in a research report on Friday, February 19th. MKM Partners raised their price objective on Arista Networks from $273.00 to $324.00 in a research report on Thursday, January 28th. Finally, Jefferies Financial Group lifted their price target on Arista Networks from $240.00 to $295.00 and gave the stock a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $318.29.

About Arista Networks

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.

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

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