Arista Networks Inc (NYSE:ANET) Director Ann Mather sold 433 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $245.37, for a total value of $106,245.21. Following the sale, the director now owns 5,833 shares of the company’s stock, valued at $1,431,243.21. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Arista Networks Inc (NYSE:ANET) traded up $6.63 during trading hours on Thursday, hitting $244.66. The stock had a trading volume of 1,598,970 shares, compared to its average volume of 1,360,000. Arista Networks Inc has a 1 year low of $115.86 and a 1 year high of $311.67. The stock has a market capitalization of $17,880.00, a PE ratio of 40.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.47. 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 (NYSE:ANET) last posted its earnings results on Thursday, February 15th. The technology company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.39 by $0.32. The firm had revenue of $467.90 million for the quarter, compared to analyst estimates of $463.82 million. Arista Networks had a return on equity of 27.23% and a net margin of 25.71%. Arista Networks’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. research analysts expect that Arista Networks Inc will post 5.57 EPS for the current fiscal year.
A number of equities research analysts have commented on ANET shares. UBS Group increased their price target on Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Morgan Stanley increased their price target on Arista Networks from $210.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, December 21st. Zacks Investment Research cut Arista Networks from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. BidaskClub upgraded Arista Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. Finally, Loop Capital started coverage on Arista Networks in a research note on Monday, January 29th. They issued a “hold” rating and a $250.00 price target for the company. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Arista Networks currently has an average rating of “Buy” and a consensus target price of $246.20.
A number of institutional investors have recently bought and sold shares of ANET. Compagnie Lombard Odier SCmA acquired a new stake in Arista Networks during the fourth quarter worth about $100,000. PNC Financial Services Group Inc. grew 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 worth $111,000 after acquiring an additional 126 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Arista Networks by 164.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 484 shares of the technology company’s stock worth $114,000 after acquiring an additional 301 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in Arista Networks during the third quarter worth about $130,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Arista Networks during the third quarter worth about $151,000. 57.18% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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