Arista Networks Inc. (NYSE:ANET) SVP Kenneth Duda sold 11,746 shares of Arista Networks stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $86.53, for a total value of $1,016,381.38. Following the transaction, the senior vice president now owns 420 shares of the company’s stock, valued at approximately $36,342.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kenneth Duda also recently made the following trade(s):

  • On Thursday, September 8th, Kenneth Duda sold 12,296 shares of Arista Networks stock. The shares were sold at an average price of $81.34, for a total value of $1,000,156.64.
  • On Monday, August 8th, Kenneth Duda sold 13,938 shares of Arista Networks stock. The shares were sold at an average price of $72.20, for a total value of $1,006,323.60.

Arista Networks Inc. (NYSE:ANET) opened at 83.01 on Wednesday. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 41.30 and a beta of 1.12. Arista Networks Inc. has a 52-week low of $52.51 and a 52-week high of $87.62. The stock’s 50 day moving average is $82.64 and its 200-day moving average is $72.46.

Arista Networks (NYSE:ANET) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. Arista Networks had a net margin of 15.03% and a return on equity of 20.45%. The firm had revenue of $268.70 million for the quarter, compared to analysts’ expectations of $262.98 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities research analysts anticipate that Arista Networks Inc. will post $2.93 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

Several large investors have recently bought and sold shares of ANET. Criterion Capital Management LLC purchased a new stake in Arista Networks during the second quarter worth approximately $73,407,000. Alliancebernstein L.P. boosted its stake in shares of Arista Networks by 60.4% in the second quarter. Alliancebernstein L.P. now owns 2,552,042 shares of the company’s stock valued at $164,300,000 after buying an additional 960,594 shares in the last quarter. FMR LLC boosted its stake in shares of Arista Networks by 261.4% in the second quarter. FMR LLC now owns 1,060,697 shares of the company’s stock valued at $68,288,000 after buying an additional 767,197 shares in the last quarter. Eaton Vance Management boosted its stake in shares of Arista Networks by 166.5% in the second quarter. Eaton Vance Management now owns 523,374 shares of the company’s stock valued at $33,695,000 after buying an additional 327,000 shares in the last quarter. Finally, Henderson Group PLC bought a new stake in shares of Arista Networks during the second quarter valued at about $20,274,000. Hedge funds and other institutional investors own 52.69% of the company’s stock.

A number of equities analysts have issued reports on the company. Wells Fargo & Co. reiterated a “positive” rating on shares of Arista Networks in a research note on Thursday, October 6th. Zacks Investment Research cut shares of Arista Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. MKM Partners cut shares of Arista Networks from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $81.00 to $79.00 in a research report on Monday, September 19th. Deutsche Bank AG lifted their target price on shares of Arista Networks from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, September 14th. Finally, RBC Capital Markets reissued a “hold” rating and set a $80.00 target price (up previously from $70.00) on shares of Arista Networks in a research report on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $78.79.

About Arista Networks

Arista Networks, Inc is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches.

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