Arista Networks Inc (NYSE:ANET) insider Andreas Bechtolsheim sold 31,917 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $303.00, for a total value of $9,670,851.00. Following the sale, the insider now owns 4,144 shares of the company’s stock, valued at $1,255,632. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Andreas Bechtolsheim also recently made the following trade(s):

  • On Wednesday, June 13th, Andreas Bechtolsheim sold 50,000 shares of Arista Networks stock. The stock was sold at an average price of $278.74, for a total value of $13,937,000.00.
  • On Wednesday, June 6th, Andreas Bechtolsheim sold 50,000 shares of Arista Networks stock. The stock was sold at an average price of $278.48, for a total value of $13,924,000.00.

Shares of NYSE ANET opened at $297.87 on Friday. Arista Networks Inc has a 1-year low of $169.61 and a 1-year high of $313.37. The company has a quick ratio of 2.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $22.81 billion, a PE ratio of 64.06, a P/E/G ratio of 2.23 and a beta of 1.40.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, August 2nd. The technology company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.43. The firm had revenue of $519.85 million during the quarter, compared to the consensus estimate of $509.62 million. Arista Networks had a return on equity of 28.51% and a net margin of 28.07%. Arista Networks’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. research analysts anticipate that Arista Networks Inc will post 6.43 EPS for the current fiscal year.

Several equities research analysts have commented on ANET shares. JPMorgan Chase & Co. started coverage on Arista Networks in a research note on Thursday, May 3rd. They set a “neutral” rating and a $282.00 price target for the company. Deutsche Bank restated a “sell” rating and set a $180.00 price target (down from $195.00) on shares of Arista Networks in a research note on Friday, May 4th. Barclays restated a “buy” rating on shares of Arista Networks in a research note on Friday, May 4th. Citigroup dropped their price target on Arista Networks from $340.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Finally, Royal Bank of Canada dropped their price target on Arista Networks to $280.00 and set an “outperform” rating for the company in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $280.59.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. boosted its holdings in Arista Networks by 6.9% in the second quarter. Alps Advisors Inc. now owns 2,820 shares of the technology company’s stock valued at $664,000 after purchasing an additional 183 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Arista Networks by 6.4% in the second quarter. CIBC Asset Management Inc now owns 3,259 shares of the technology company’s stock valued at $839,000 after purchasing an additional 196 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in Arista Networks by 2.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 7,494 shares of the technology company’s stock valued at $1,913,000 after purchasing an additional 200 shares during the last quarter. Xact Kapitalforvaltning AB boosted its holdings in Arista Networks by 1.9% in the second quarter. Xact Kapitalforvaltning AB now owns 11,263 shares of the technology company’s stock valued at $2,900,000 after purchasing an additional 209 shares during the last quarter. Finally, Pennsylvania Trust Co boosted its holdings in Arista Networks by 2.4% in the second quarter. Pennsylvania Trust Co now owns 9,138 shares of the technology company’s stock valued at $2,353,000 after purchasing an additional 215 shares during the last quarter. 54.77% of the stock is owned by hedge funds and other institutional investors.

About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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