Arista Networks, Inc. (NYSE:ANET) SVP Kenneth Duda sold 7,775 shares of Arista Networks stock in a transaction on Monday, October 9th. The shares were sold at an average price of $194.12, for a total transaction of $1,509,283.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kenneth Duda also recently made the following trade(s):

  • On Monday, September 11th, Kenneth Duda sold 8,687 shares of Arista Networks stock. The shares were sold at an average price of $174.94, for a total transaction of $1,519,703.78.
  • On Wednesday, August 9th, Kenneth Duda sold 8,827 shares of Arista Networks stock. The shares were sold at an average price of $168.06, for a total transaction of $1,483,465.62.

Arista Networks, Inc. (ANET) traded up 0.07% during mid-day trading on Wednesday, reaching $192.95. 335,925 shares of the company were exchanged. Arista Networks, Inc. has a 12-month low of $78.82 and a 12-month high of $196.27. The company’s 50 day moving average price is $181.80 and its 200-day moving average price is $157.31. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 49.79 and a beta of 1.31.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.15. Arista Networks had a net margin of 21.74% and a return on equity of 22.64%. The business had revenue of $405.21 million during the quarter, compared to analysts’ expectations of $361.02 million. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue was up 50.8% on a year-over-year basis. On average, equities research analysts forecast that Arista Networks, Inc. will post $4.70 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its holdings in Arista Networks by 13.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 65,336 shares of the technology company’s stock valued at $9,787,000 after buying an additional 7,827 shares during the period. Federated Investors Inc. PA bought a new position in Arista Networks in the 2nd quarter valued at about $3,090,000. Janus Capital Management LLC increased its holdings in Arista Networks by 115.5% in the 1st quarter. Janus Capital Management LLC now owns 35,749 shares of the technology company’s stock valued at $4,728,000 after buying an additional 19,160 shares during the period. California Public Employees Retirement System increased its holdings in Arista Networks by 154.9% in the 1st quarter. California Public Employees Retirement System now owns 90,500 shares of the technology company’s stock valued at $11,970,000 after buying an additional 55,000 shares during the period. Finally, Utah Retirement Systems increased its holdings in Arista Networks by 34.7% in the 2nd quarter. Utah Retirement Systems now owns 9,700 shares of the technology company’s stock valued at $1,453,000 after buying an additional 2,500 shares during the period. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on ANET shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Arista Networks in a research note on Tuesday, July 4th. BidaskClub lowered shares of Arista Networks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. Deutsche Bank AG reissued a “buy” rating and set a $165.00 target price (up previously from $156.00) on shares of Arista Networks in a research report on Monday, July 17th. Citigroup Inc. boosted their target price on shares of Arista Networks from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Cowen and Company reissued a “buy” rating and set a $168.00 target price (up previously from $145.00) on shares of Arista Networks in a research report on Friday, August 4th. Fifteen analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Arista Networks presently has a consensus rating of “Buy” and an average target price of $166.49.

About Arista Networks

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

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

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