Jayshree Ullal Sells 2,375 Shares of Arista Networks, Inc. (NYSE:ANET) Stock


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Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 2,375 shares of the firm’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $308.65, for a total value of $733,043.75. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, April 6th, Jayshree Ullal sold 1,375 shares of Arista Networks stock. The shares were sold at an average price of $308.82, for a total value of $424,627.50.
  • On Friday, March 26th, Jayshree Ullal sold 167 shares of Arista Networks stock. The shares were sold at an average price of $304.01, for a total value of $50,769.67.
  • On Monday, March 8th, Jayshree Ullal sold 1,375 shares of Arista Networks stock. The shares were sold at an average price of $272.42, for a total value of $374,577.50.
  • On Monday, March 1st, Jayshree Ullal sold 2,208 shares of Arista Networks stock. The shares were sold at an average price of $286.59, for a total value of $632,790.72.
  • On Wednesday, February 24th, Jayshree Ullal sold 1,669 shares of Arista Networks stock. The shares were sold at an average price of $285.87, for a total value of $477,117.03.
  • On Monday, February 8th, Jayshree Ullal sold 1,375 shares of Arista Networks stock. The shares were sold at an average price of $321.17, for a total value of $441,608.75.
  • On Monday, February 1st, Jayshree Ullal sold 2,375 shares of Arista Networks stock. The shares were sold at an average price of $315.00, for a total value of $748,125.00.
  • On Thursday, January 7th, Jayshree Ullal sold 785 shares of Arista Networks stock. The stock was sold at an average price of $293.64, for a total value of $230,507.40.

Arista Networks stock opened at $307.82 on Thursday. The business has a 50-day simple moving average of $291.58 and a two-hundred day simple moving average of $273.67. The company has a market cap of $23.50 billion, a P/E ratio of 34.47, a P/E/G ratio of 3.91 and a beta of 1.21. Arista Networks, Inc. has a 52-week low of $192.96 and a 52-week high of $326.60.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Wednesday, February 17th. The technology company reported $2.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.10. Arista Networks had a return on equity of 20.37% and a net margin of 32.06%. On average, equities research analysts forecast that Arista Networks, Inc. will post 7.66 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Mariner LLC lifted its position in shares of Arista Networks by 3.4% during the 4th quarter. Mariner LLC now owns 127,569 shares of the technology company’s stock valued at $37,067,000 after buying an additional 4,233 shares in the last quarter. Taylor Hoffman Wealth Management lifted its position in shares of Arista Networks by 4.9% during the 4th quarter. Taylor Hoffman Wealth Management now owns 10,330 shares of the technology company’s stock valued at $3,002,000 after buying an additional 486 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of Arista Networks by 17.7% during the 4th quarter. Vident Investment Advisory LLC now owns 8,558 shares of the technology company’s stock valued at $2,486,000 after buying an additional 1,285 shares in the last quarter. Distillate Capital Partners LLC purchased a new position in shares of Arista Networks during the 4th quarter valued at about $1,897,000. Finally, Salvus Wealth Management LLC purchased a new position in Arista Networks in the 4th quarter worth approximately $2,075,000. 61.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Smith Barney Citigroup lifted their price target on Arista Networks from $240.00 to $290.00 in a research report on Monday, December 21st. Jefferies Financial Group lifted their price target on Arista Networks from $240.00 to $295.00 and gave the stock a “hold” rating in a research report on Friday, February 19th. They noted that the move was a valuation call. MKM Partners lifted their price target on Arista Networks from $273.00 to $324.00 in a research report on Thursday, January 28th. Wolfe Research raised Arista Networks from a “peer perform” rating to an “outperform” rating and lifted their price target for the stock from $250.00 to $350.00 in a research report on Wednesday, December 16th. Finally, Credit Suisse Group lifted their price target on Arista Networks from $351.00 to $359.00 and gave the stock an “outperform” rating in a research report on Thursday, February 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $318.29.

Arista Networks Company Profile

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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