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.
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.
Further Reading: Does a trade war provide a risk to the global economy?
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.