Arista Networks Inc. (NYSE:ANET) insider Jayshree Ullal sold 386,291 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $87.97, for a total value of $33,982,019.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Friday, September 2nd, Jayshree Ullal sold 56,279 shares of Arista Networks stock. The shares were sold at an average price of $80.70, for a total value of $4,541,715.30.
  • On Thursday, September 1st, Jayshree Ullal sold 54,542 shares of Arista Networks stock. The shares were sold at an average price of $79.85, for a total value of $4,355,178.70.
  • On Tuesday, August 30th, Jayshree Ullal sold 105,847 shares of Arista Networks stock. The shares were sold at an average price of $79.85, for a total value of $8,451,882.95.

Arista Networks Inc. (NYSE:ANET) traded up 0.27% on Thursday, reaching $88.31. The company had a trading volume of 63,340 shares. Arista Networks Inc. has a 52 week low of $52.51 and a 52 week high of $88.88. The company has a market capitalization of $6.20 billion, a P/E ratio of 38.20 and a beta of 1.12. The stock’s 50-day moving average is $84.34 and its 200-day moving average is $76.14.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, November 3rd. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.10. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. The business earned $290.26 million during the quarter, compared to analyst estimates of $283.33 million. During the same quarter in the previous year, the business earned $0.59 earnings per share. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. Equities research analysts forecast that Arista Networks Inc. will post $3.08 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of Arista Networks by 16.6% in the third quarter. LPL Financial LLC now owns 4,618 shares of the company’s stock valued at $394,000 after buying an additional 656 shares during the period. Credit Suisse AG raised its position in shares of Arista Networks by 154.7% in the third quarter. Credit Suisse AG now owns 57,974 shares of the company’s stock valued at $4,933,000 after buying an additional 35,211 shares during the period. 1832 Asset Management L.P. acquired a new position in shares of Arista Networks during the third quarter valued at about $30,091,000. Capital Research Global Investors raised its position in shares of Arista Networks by 11.9% in the third quarter. Capital Research Global Investors now owns 6,592,122 shares of the company’s stock valued at $560,858,000 after buying an additional 700,200 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Arista Networks during the third quarter valued at about $166,000. Institutional investors and hedge funds own 54.37% of the company’s stock.

A number of equities analysts have weighed in on ANET shares. Pacific Crest restated an “overweight” rating and issued a $90.00 target price (down from $99.00) on shares of Arista Networks in a research note on Friday, July 22nd. Oppenheimer Holdings Inc. set a $90.00 target price on Arista Networks and gave the stock a “buy” rating in a research note on Friday, August 5th. JPMorgan Chase & Co. restated a “hold” rating and issued a $67.00 target price on shares of Arista Networks in a research note on Friday, August 5th. Jefferies Group restated a “sell” rating and issued a $40.25 target price on shares of Arista Networks in a research note on Friday, August 5th. Finally, Deutsche Bank AG set a $80.00 target price on Arista Networks and gave the stock a “buy” rating in a research note on Saturday, August 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $85.62.

Arista Networks Company Profile

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.

5 Day Chart for NYSE:ANET

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