Arista Networks, Inc. (NYSE:ANET) had its price objective boosted by JMP Securities from $185.00 to $230.00 in a research note released on Thursday, October 26th. JMP Securities currently has a market perform rating on the technology company’s stock.
Several other research analysts have also recently weighed in on ANET. BidaskClub cut Arista Networks from a strong-buy rating to a buy rating in a research note on Tuesday, July 4th. Instinet cut Arista Networks from a buy rating to a neutral rating in a research report on Tuesday, July 4th. Needham & Company LLC reissued a buy rating and set a $150.00 price target on shares of Arista Networks in a report on Tuesday, July 4th. Wells Fargo & Company reissued an outperform rating on shares of Arista Networks in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a hold rating and set a $120.00 price target on shares of Arista Networks in a report on Friday, July 14th. Fourteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $183.07.
Arista Networks (NYSE:ANET) opened at $221.05 on Thursday. The stock has a market capitalization of $16,158.98, a price-to-earnings ratio of 53.14, a price-to-earnings-growth ratio of 2.04 and a beta of 1.31. Arista Networks has a one year low of $84.73 and a one year high of $221.67. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.60 and a current ratio of 3.66.
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In other news, SVP Kenneth Duda sold 8,687 shares of Arista Networks stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $174.94, for a total transaction of $1,519,703.78. Following the sale, the senior vice president now owns 1,593 shares of the company’s stock, valued at approximately $278,679.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $176.09, for a total transaction of $352,180.00. Following the sale, the senior vice president now directly owns 13,002 shares in the company, valued at approximately $2,289,522.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,342 shares of company stock worth $26,256,265. Insiders own 28.09% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position in Arista Networks by 20.5% in the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock valued at $111,000 after purchasing an additional 126 shares during the period. LS Investment Advisors LLC purchased a new stake in shares of Arista Networks during the second quarter worth $119,000. D.A. Davidson & CO. increased its position in shares of Arista Networks by 3.2% during the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after acquiring an additional 30 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Arista Networks during the third quarter worth $151,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Arista Networks during the first quarter worth $164,000. 59.43% of the stock is currently owned by institutional investors.
Arista Networks Company Profile
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.
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