Arista Networks, Inc. (NYSE:ANET) Director Charles H. Giancarlo sold 1,665 shares of the firm’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $311.44, for a total value of $518,547.60. Following the transaction, the director now owns 11,536 shares of the company’s stock, valued at $3,592,771.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
ANET stock opened at $307.82 on Thursday. The company’s 50 day moving average is $291.58 and its two-hundred day moving average is $273.67. Arista Networks, Inc. has a twelve month low of $192.96 and a twelve month high of $326.60. The stock has a market cap of $23.50 billion, a P/E ratio of 34.47, a PEG ratio of 3.91 and a beta of 1.21.
Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Wednesday, February 17th. The technology company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.39 by $0.10. Arista Networks had a net margin of 32.06% and a return on equity of 20.37%. On average, equities analysts predict that Arista Networks, Inc. will post 7.66 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in Arista Networks by 5.6% during the fourth quarter. BlackRock Inc. now owns 4,459,732 shares of the technology company’s stock worth $1,295,865,000 after buying an additional 234,774 shares during the period. Artisan Partners Limited Partnership grew its position in Arista Networks by 1.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 2,813,734 shares of the technology company’s stock worth $817,587,000 after purchasing an additional 49,943 shares during the last quarter. Eaton Vance Management grew its position in Arista Networks by 10.0% during the 4th quarter. Eaton Vance Management now owns 973,296 shares of the technology company’s stock worth $282,810,000 after purchasing an additional 88,466 shares during the last quarter. Epoch Investment Partners Inc. increased its stake in Arista Networks by 2.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 894,118 shares of the technology company’s stock valued at $259,804,000 after purchasing an additional 22,340 shares during the period. Finally, Norges Bank acquired a new stake in shares of Arista Networks during the fourth quarter worth about $179,575,000. 61.75% of the stock is owned by hedge funds and other institutional investors.
About Arista Networks
Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
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