Insider Selling: Arista Networks, Inc. (ANET) Insider Sells 52,557 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 52,557 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $231.82, for a total transaction of $12,183,763.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, November 13th, Jayshree Ullal sold 72,443 shares of Arista Networks stock. The shares were sold at an average price of $225.96, for a total transaction of $16,369,220.28.
  • On Friday, November 10th, Jayshree Ullal sold 73,620 shares of Arista Networks stock. The shares were sold at an average price of $220.31, for a total transaction of $16,219,222.20.
  • On Wednesday, November 8th, Jayshree Ullal sold 81,380 shares of Arista Networks stock. The shares were sold at an average price of $211.89, for a total transaction of $17,243,608.20.

Shares of Arista Networks, Inc. (ANET) traded up $8.01 on Monday, hitting $241.83. 720,692 shares of the company’s stock were exchanged, compared to its average volume of 826,707. The firm has a market cap of $17,680.00, a price-to-earnings ratio of 56.21, a PEG ratio of 2.16 and a beta of 1.31. Arista Networks, Inc. has a 52 week low of $87.33 and a 52 week high of $241.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66.

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A number of equities research analysts recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Arista Networks in a research report on Tuesday, November 14th. They issued a “market perform” rating and a $235.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Arista Networks from $217.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday. Piper Jaffray Companies assumed coverage on shares of Arista Networks in a research report on Monday, November 13th. They issued a “neutral” rating and a $230.00 price objective for the company. Royal Bank Of Canada upgraded shares of Arista Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Finally, Cowen and Company restated a “buy” rating and issued a $200.00 price objective on shares of Arista Networks in a research report on Friday, November 3rd. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Arista Networks presently has an average rating of “Buy” and a consensus price target of $187.21.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Arista Networks by 20.5% in the 2nd 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 last quarter. LS Investment Advisors LLC acquired a new position in shares of Arista Networks in the 2nd quarter valued at $119,000. Fieldpoint Private Securities LLC acquired a new position in shares of Arista Networks in the 3rd quarter valued at $130,000. D.A. Davidson & CO. boosted its holdings in shares of Arista Networks by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock valued at $147,000 after purchasing an additional 30 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Arista Networks in the 3rd quarter valued at $151,000. Institutional investors own 59.73% of the company’s stock.

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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