Insider Selling: Arista Networks, Inc. (NYSE:ANET) Insider Sells 420 Shares of Stock

Arista Networks, Inc. (NYSE:ANETGet Free Report) insider John F. Mccool sold 420 shares of Arista Networks stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $266.08, for a total value of $111,753.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Arista Networks Stock Performance

NYSE:ANET opened at $282.45 on Monday. The stock has a market cap of $87.87 billion, a P/E ratio of 47.08, a P/E/G ratio of 2.18 and a beta of 1.13. Arista Networks, Inc. has a 1 year low of $130.08 and a 1 year high of $284.82. The stock has a 50-day simple moving average of $246.02 and a 200-day simple moving average of $211.15.

Hedge Funds Weigh In On Arista Networks

A number of large investors have recently modified their holdings of ANET. Cibc World Market Inc. increased its stake in Arista Networks by 135.9% in the 1st quarter. Cibc World Market Inc. now owns 34,026 shares of the technology company’s stock valued at $4,729,000 after purchasing an additional 19,602 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Arista Networks by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,261,171 shares of the technology company’s stock worth $175,274,000 after purchasing an additional 19,738 shares during the last quarter. Prudential PLC acquired a new position in Arista Networks in the first quarter valued at $676,000. Sequoia Financial Advisors LLC acquired a new position in Arista Networks in the first quarter valued at $224,000. Finally, Vanguard Group Inc. raised its position in Arista Networks by 1.4% in the first quarter. Vanguard Group Inc. now owns 25,268,588 shares of the technology company’s stock valued at $3,511,828,000 after purchasing an additional 353,253 shares during the period. 67.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ANET has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Arista Networks from $225.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. The Goldman Sachs Group boosted their price objective on Arista Networks from $223.00 to $248.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Piper Sandler lifted their target price on Arista Networks from $190.00 to $209.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. Citigroup lifted their target price on Arista Networks from $220.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Needham & Company LLC lifted their target price on Arista Networks from $215.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.83.

Get Our Latest Report on ANET

About Arista Networks

(Get Free Report)

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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