Arista Networks Inc (ANET) Insider Sells $124,881.75 in Stock

Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 567 shares of Arista Networks stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $220.25, for a total transaction of $124,881.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ANET traded up $0.22 during trading hours on Friday, reaching $219.24. 235,155 shares of the stock traded hands, compared to its average volume of 1,088,642. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.11 and a current ratio of 4.51. Arista Networks Inc has a 52-week low of $206.86 and a 52-week high of $313.37. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 47.15, a price-to-earnings-growth ratio of 1.50 and a beta of 1.56.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, November 1st. The technology company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.21. Arista Networks had a net margin of 28.05% and a return on equity of 29.06%. The company had revenue of $563.31 million for the quarter, compared to analysts’ expectations of $548.81 million. During the same quarter in the previous year, the company earned $1.62 EPS. Arista Networks’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities research analysts predict that Arista Networks Inc will post 6.84 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Dupont Capital Management Corp purchased a new position in shares of Arista Networks during the 3rd quarter valued at $109,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in shares of Arista Networks during the 2nd quarter valued at $129,000. Signet Financial Management LLC purchased a new position in shares of Arista Networks during the 2nd quarter valued at $142,000. Bbva Compass Bancshares Inc. purchased a new position in shares of Arista Networks during the 3rd quarter valued at $157,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Arista Networks during the 3rd quarter valued at $164,000. Institutional investors own 57.76% of the company’s stock.

A number of brokerages have recently issued reports on ANET. Loop Capital boosted their price objective on shares of Arista Networks to $260.00 and gave the company a “hold” rating in a research report on Friday, August 3rd. They noted that the move was a valuation call. BMO Capital Markets raised shares of Arista Networks from a “market perform” rating to an “outperform” rating and set a $279.00 price objective for the company in a research report on Wednesday, October 17th. They noted that the move was a valuation call. Stifel Nicolaus set a $275.00 price objective on shares of Arista Networks and gave the company a “buy” rating in a research report on Friday, November 2nd. KeyCorp reissued a “buy” rating and set a $310.00 price objective on shares of Arista Networks in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $293.48.

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Arista Networks Company Profile

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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