Arista Networks, Inc. (NYSE:ANET) insider Andreas Bechtolsheim sold 39,680 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $241.92, for a total transaction of $9,599,385.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arista Networks, Inc. (NYSE:ANET) opened at $242.06 on Monday. The stock has a market cap of $17,694.83, a P/E ratio of 58.19, a P/E/G ratio of 2.24 and a beta of 1.31. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. Arista Networks, Inc. has a 1-year low of $87.33 and a 1-year high of $245.65.

A number of brokerages recently commented on ANET. UBS AG increased their price target on shares of Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 price target (up previously from $167.00) on shares of Arista Networks in a report on Friday, August 4th. J P Morgan Chase & Co raised shares of Arista Networks from a “neutral” rating to an “overweight” rating and increased their price target for the company from $144.00 to $186.00 in a report on Friday, August 4th. BidaskClub raised shares of Arista Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 31st. Finally, Argus reaffirmed a “buy” rating on shares of Arista Networks in a report on Monday, August 7th. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $187.21.

A number of hedge funds have recently modified their holdings of ANET. PNC Financial Services Group Inc. increased its holdings in Arista Networks by 20.5% during the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock valued at $111,000 after buying an additional 126 shares during the period. LS Investment Advisors LLC purchased a new position in Arista Networks during the second quarter valued at approximately $119,000. Fieldpoint Private Securities LLC purchased a new position in Arista Networks during the third quarter valued at approximately $130,000. D.A. Davidson & CO. increased its holdings in Arista Networks by 3.2% during the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock valued at $147,000 after buying an additional 30 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in Arista Networks during the third quarter valued at approximately $151,000. 59.73% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: Arista Networks, Inc. (ANET) Insider Sells $9,599,385.60 in Stock” was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.watchlistnews.com/insider-selling-arista-networks-inc-anet-insider-sells-9599385-60-in-stock/1728294.html.

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)

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.