Arista Networks Inc (NYSE:ANET) insider Anshul Sadana sold 16,444 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $243.76, for a total transaction of $4,008,389.44. Following the completion of the sale, the insider now directly owns 58,397 shares in the company, valued at $14,234,852.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Anshul Sadana also recently made the following trade(s):
- On Tuesday, January 16th, Anshul Sadana sold 24,000 shares of Arista Networks stock. The shares were sold at an average price of $256.25, for a total transaction of $6,150,000.00.
Arista Networks Inc (ANET) traded down $0.08 on Friday, reaching $244.58. 932,851 shares of the company’s stock traded hands, compared to its average volume of 1,286,179. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.07 and a current ratio of 4.28. Arista Networks Inc has a 1 year low of $115.86 and a 1 year high of $311.67. The firm has a market capitalization of $17,960.00, a P/E ratio of 41.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47.
Arista Networks (NYSE:ANET) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.32. Arista Networks had a net margin of 25.71% and a return on equity of 25.86%. The firm had revenue of $467.90 million for the quarter, compared to the consensus estimate of $463.82 million. During the same quarter in the prior year, the company posted $1.04 earnings per share. The business’s revenue was up 42.7% on a year-over-year basis. analysts forecast that Arista Networks Inc will post 6.04 earnings per share for the current year.
A number of equities research analysts have recently commented on ANET shares. Citigroup upped their price objective on shares of Arista Networks to $250.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Arista Networks from a “hold” rating to a “buy” rating and set a $267.00 target price on the stock in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $217.00 target price (up previously from $175.00) on shares of Arista Networks in a research report on Friday, November 3rd. They noted that the move was a valuation call. KeyCorp reiterated an “overweight” rating and set a $240.00 target price (up previously from $213.00) on shares of Arista Networks in a research report on Thursday, December 14th. Finally, Nomura boosted their target price on shares of Arista Networks from $173.00 to $185.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. 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. The stock has an average rating of “Buy” and a consensus target price of $246.20.
Several hedge funds have recently made changes to their positions in ANET. PNC Financial Services Group Inc. raised its holdings in shares of 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 last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arista Networks by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 211,624 shares of the technology company’s stock valued at $31,700,000 after purchasing an additional 858 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Arista Networks by 44.6% in the second quarter. Public Employees Retirement System of Ohio now owns 22,121 shares of the technology company’s stock valued at $3,314,000 after purchasing an additional 6,823 shares during the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of Arista Networks in the second quarter valued at about $314,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of Arista Networks in the third quarter valued at about $334,000. Institutional investors own 57.18% of the company’s stock.
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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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