Insider Selling: Arista Networks, Inc. (NYSE:ANET) SVP Sells 20,000 Shares of Stock

Arista Networks, Inc. (NYSE:ANETGet Free Report) SVP Kenneth Duda sold 20,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $290.05, for a total value of $5,801,000.00. Following the completion of the transaction, the senior vice president now directly owns 3,244 shares in the company, valued at approximately $940,922.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, March 11th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $269.15, for a total value of $5,383,000.00.
  • On Monday, February 12th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $284.31, for a total value of $5,686,200.00.

Arista Networks Trading Down 8.5 %

Shares of NYSE:ANET traded down $25.15 during trading on Friday, hitting $271.43. 5,747,439 shares of the stock were exchanged, compared to its average volume of 2,436,959. The company has a fifty day moving average price of $281.81 and a two-hundred day moving average price of $241.33. The company has a market cap of $84.86 billion, a PE ratio of 41.74, a P/E/G ratio of 2.49 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74.

Arista Networks (NYSE:ANETGet Free Report) last posted its earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the company earned $1.25 EPS. Arista Networks’s revenue was up 20.8% on a year-over-year basis. Equities research analysts anticipate that Arista Networks, Inc. will post 6.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ANET has been the topic of a number of research analyst reports. Morgan Stanley lifted their target price on Arista Networks from $230.00 to $272.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Citigroup lifted their target price on Arista Networks from $220.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Needham & Company LLC reiterated a “buy” rating and set a $320.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. Wells Fargo & Company lifted their target price on Arista Networks from $225.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer restated a “market perform” rating on shares of Arista Networks in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $275.59.

View Our Latest Stock Report on ANET

Institutional Investors Weigh In On Arista Networks

A number of institutional investors and hedge funds have recently bought and sold shares of ANET. CGN Advisors LLC raised its holdings in Arista Networks by 22.4% in the 1st quarter. CGN Advisors LLC now owns 8,621 shares of the technology company’s stock valued at $2,500,000 after acquiring an additional 1,580 shares during the last quarter. Whitaker Myers Wealth Managers LTD. acquired a new position in Arista Networks in the 1st quarter valued at $450,000. Financial Synergies Wealth Advisors Inc. raised its holdings in Arista Networks by 872.7% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock valued at $31,000 after acquiring an additional 96 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Arista Networks in the 1st quarter valued at $102,480,000. Finally, Global Trust Asset Management LLC raised its holdings in Arista Networks by 1,033.6% in the 1st quarter. Global Trust Asset Management LLC now owns 2,834 shares of the technology company’s stock valued at $822,000 after acquiring an additional 2,584 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

About Arista Networks

(Get Free Report)

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.

Read More

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

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