Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 7,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $211.39, for a total transaction of $1,479,730.00. Following the transaction, the senior vice president now directly owns 16,002 shares of the company’s stock, valued at approximately $3,382,662.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Marc Taxay also recently made the following trade(s):

  • On Monday, October 2nd, Marc Taxay sold 2,000 shares of Arista Networks stock. The shares were sold at an average price of $190.47, for a total transaction of $380,940.00.
  • On Friday, September 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The shares were sold at an average price of $176.09, for a total transaction of $352,180.00.

Arista Networks, Inc. (ANET) traded up $7.50 on Friday, hitting $221.05. 1,148,586 shares of the stock traded hands, compared to its average volume of 829,441. Arista Networks, Inc. has a twelve month low of $84.73 and a twelve month high of $221.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 2.60. The company has a market capitalization of $16,160.00, a PE ratio of 51.49, a P/E/G ratio of 1.98 and a beta of 1.31.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in ANET. PNC Financial Services Group Inc. lifted its holdings in 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 buying an additional 126 shares during the period. LS Investment Advisors LLC acquired a new position in Arista Networks in the second quarter valued at approximately $119,000. D.A. Davidson & CO. lifted its holdings in Arista Networks by 3.2% in the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock valued at $147,000 after buying an additional 30 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Arista Networks in the third quarter valued at approximately $151,000. Finally, Daiwa Securities Group Inc. acquired a new position in Arista Networks in the second quarter valued at approximately $202,000. 59.43% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on ANET shares. Jefferies Group LLC reaffirmed a “hold” rating and set a $145.00 price objective (up previously from $120.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “buy” rating and set a $165.00 price objective (up previously from $156.00) on shares of Arista Networks in a research report on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $217.00 price objective (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. William Blair raised shares of Arista Networks from a “market perform” rating to an “outperform” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $165.00 price objective (up previously from $145.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have issued 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 price target of $183.07.

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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