Charles H. Giancarlo Sells 1,665 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) Director Charles H. Giancarlo sold 1,665 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $311.44, for a total transaction of $518,547.60. Following the completion of the sale, the director now directly owns 11,536 shares of the company’s stock, valued at approximately $3,592,771.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Arista Networks stock opened at $307.82 on Thursday. Arista Networks, Inc. has a 12-month low of $192.96 and a 12-month high of $326.60. The stock has a market capitalization of $23.50 billion, a PE ratio of 34.47, a price-to-earnings-growth ratio of 3.91 and a beta of 1.21. The firm has a 50 day simple moving average of $291.58 and a 200-day simple moving average of $273.67.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Wednesday, February 17th. The technology company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.10. Arista Networks had a return on equity of 20.37% and a net margin of 32.06%. As a group, equities research analysts forecast that Arista Networks, Inc. will post 7.66 earnings per share for the current year.

ANET has been the subject of several research analyst reports. MKM Partners boosted their price objective on Arista Networks from $273.00 to $324.00 in a report on Thursday, January 28th. Morgan Stanley upped their price target on Arista Networks from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. Wells Fargo & Company boosted their target price on shares of Arista Networks from $240.00 to $340.00 and gave the company an “equal weight” rating in a research note on Thursday, February 25th. Barclays lifted their price target on shares of Arista Networks from $294.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Finally, Citigroup raised their target price on shares of Arista Networks from $290.00 to $325.00 in a report on Friday, February 19th. Eight equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $318.29.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new stake in Arista Networks during the fourth quarter valued at about $28,000. Credit Agricole S A acquired a new stake in shares of Arista Networks during the fourth quarter valued at approximately $29,000. Veritas Investment Partners UK Ltd. purchased a new stake in shares of Arista Networks in the 4th quarter valued at approximately $31,000. Carroll Financial Associates Inc. acquired a new position in Arista Networks in the 1st quarter worth approximately $33,000. Finally, Neo Ivy Capital Management purchased a new position in Arista Networks during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 61.75% of the company’s stock.

Arista Networks Company Profile

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

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