Jayshree Ullal Sells 832 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 832 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $397.39, for a total transaction of $330,628.48. Following the completion of the transaction, the chief executive officer now owns 17,681 shares of the company’s stock, valued at $7,026,252.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jayshree Ullal also recently made the following trade(s):

• On Wednesday, October 2nd, Jayshree Ullal sold 836 shares of Arista Networks stock. The shares were sold at an average price of $386.68, for a total value of $323,264.48.
• On Tuesday, September 3rd, Jayshree Ullal sold 832 shares of Arista Networks stock. The shares were sold at an average price of $337.23, for a total value of $280,575.36.
• On Wednesday, August 21st, Jayshree Ullal sold 17,752 shares of Arista Networks stock. The stock was sold at an average price of $354.29, for a total value of $6,289,356.08.

Arista Networks Trading Up 2.0 %

Shares of ANET opened at $431.56 on Friday. The company’s fifty day simple moving average is $379.96 and its 200 day simple moving average is $342.48. Arista Networks, Inc. has a 1-year low of $203.19 and a 1-year high of $431.97. The company has a market cap of $135.57 billion, a price-to-earnings ratio of 55.97, a PEG ratio of 3.48 and a beta of 1.08.

Arista Networks’s stock is set to split on the morning of Wednesday, December 4th. The 4-1 split was announced on Thursday, November 7th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, December 3rd.

Wall Street Analyst Weigh In

ANET has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Arista Networks from $340.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Citigroup lifted their price target on shares of Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. KeyCorp upped their price objective on shares of Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group lifted their target price on Arista Networks from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Barclays raised their price target on Arista Networks from $320.00 to $341.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $373.88.

Institutional Investors Weigh In On Arista Networks

Hedge funds have recently bought and sold shares of the company. GQG Partners LLC bought a new position in Arista Networks during the first quarter worth $881,848,000. Legal & General Group Plc lifted its stake in shares of Arista Networks by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 2,195,733 shares of the technology company’s stock worth $769,560,000 after buying an additional 20,278 shares during the last quarter. Swedbank AB bought a new stake in shares of Arista Networks during the 1st quarter worth about $521,767,000. Ameriprise Financial Inc. grew its stake in Arista Networks by 97.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock valued at $628,966,000 after buying an additional 884,703 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in Arista Networks by 18.7% in the 1st quarter. TD Asset Management Inc now owns 943,694 shares of the technology company’s stock valued at $273,652,000 after acquiring an additional 148,759 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

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.