Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 148,989 shares of Arista Networks stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $173.74, for a total value of $25,885,348.86. Following the sale, the insider now directly owns 2,576 shares of the company’s stock, valued at $447,554.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Friday, August 4th, Jayshree Ullal sold 200,268 shares of Arista Networks stock. The shares were sold at an average price of $173.37, for a total value of $34,720,463.16.
  • On Wednesday, July 19th, Jayshree Ullal sold 22,763 shares of Arista Networks stock. The shares were sold at an average price of $157.81, for a total value of $3,592,229.03.
  • On Tuesday, June 27th, Jayshree Ullal sold 3,604 shares of Arista Networks stock. The shares were sold at an average price of $157.35, for a total value of $567,089.40.
  • On Friday, June 23rd, Jayshree Ullal sold 61,325 shares of Arista Networks stock. The shares were sold at an average price of $160.25, for a total value of $9,827,331.25.
  • On Monday, June 26th, Jayshree Ullal sold 55,221 shares of Arista Networks stock. The shares were sold at an average price of $160.22, for a total value of $8,847,508.62.
  • On Thursday, June 22nd, Jayshree Ullal sold 80,064 shares of Arista Networks stock. The shares were sold at an average price of $158.08, for a total value of $12,656,517.12.
  • On Tuesday, June 20th, Jayshree Ullal sold 8,001 shares of Arista Networks stock. The shares were sold at an average price of $157.28, for a total value of $1,258,397.28.
  • On Friday, June 9th, Jayshree Ullal sold 18,021 shares of Arista Networks stock. The shares were sold at an average price of $157.44, for a total value of $2,837,226.24.
  • On Tuesday, June 6th, Jayshree Ullal sold 1,001 shares of Arista Networks stock. The shares were sold at an average price of $157.13, for a total value of $157,287.13.
  • On Wednesday, May 31st, Jayshree Ullal sold 34,157 shares of Arista Networks stock. The shares were sold at an average price of $147.35, for a total value of $5,033,033.95.

Shares of Arista Networks, Inc. (NYSE:ANET) opened at 167.46 on Thursday. The firm has a market capitalization of $12.06 billion, a P/E ratio of 54.09 and a beta of 1.33. The company has a 50-day moving average price of $154.88 and a 200 day moving average price of $135.91. Arista Networks, Inc. has a one year low of $73.82 and a one year high of $176.50.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, August 3rd. The technology company reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.15. The firm had revenue of $405.21 million during the quarter, compared to analyst estimates of $361.02 million. Arista Networks had a net margin of 21.74% and a return on equity of 22.64%. The business’s revenue was up 50.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 EPS. Analysts expect that Arista Networks, Inc. will post $4.58 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. First Personal Financial Services increased its position in Arista Networks by 3.3% in the first quarter. First Personal Financial Services now owns 1,984 shares of the technology company’s stock valued at $262,000 after buying an additional 63 shares during the last quarter. First United Bank Trust increased its position in Arista Networks by 2.5% in the second quarter. First United Bank Trust now owns 6,510 shares of the technology company’s stock valued at $975,000 after buying an additional 160 shares during the last quarter. Profund Advisors LLC increased its position in Arista Networks by 1.7% in the first quarter. Profund Advisors LLC now owns 12,569 shares of the technology company’s stock valued at $1,663,000 after buying an additional 209 shares during the last quarter. Financial Architects Inc increased its position in Arista Networks by 17.9% in the second quarter. Financial Architects Inc now owns 1,480 shares of the technology company’s stock valued at $222,000 after buying an additional 225 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Arista Networks by 16.5% in the first quarter. IFP Advisors Inc now owns 1,697 shares of the technology company’s stock valued at $224,000 after buying an additional 240 shares during the last quarter. Institutional investors own 60.84% of the company’s stock.

Several analysts have recently weighed in on the company. UBS AG boosted their target price on Arista Networks from $120.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, May 31st. Argus reaffirmed a “buy” rating on shares of Arista Networks in a research note on Monday. Stifel Nicolaus reaffirmed a “hold” rating and set a $165.00 price objective (up from $145.00) on shares of Arista Networks in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $145.00 price objective (up from $120.00) on shares of Arista Networks in a research note on Wednesday. Finally, William Blair raised Arista Networks from a “market perform” rating to an “outperform” rating in a research note on Friday, August 4th. Sixteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Arista Networks currently has a consensus rating of “Buy” and a consensus target price of $153.32.

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.

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

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