Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $148.52, for a total value of $297,040.00. Following the completion of the transaction, the senior vice president now owns 11,775 shares of the company’s stock, valued at approximately $1,748,823. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Marc Taxay also recently made the following trade(s):
- On Thursday, June 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The shares were sold at an average price of $147.51, for a total value of $295,020.00.
- On Monday, May 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The shares were sold at an average price of $139.51, for a total value of $279,020.00.
Shares of Arista Networks, Inc. (NYSE ANET) opened at 149.59 on Monday. The stock has a market capitalization of $10.77 billion, a P/E ratio of 48.32 and a beta of 1.35. The company has a 50 day moving average price of $150.63 and a 200-day moving average price of $124.48. Arista Networks, Inc. has a 1-year low of $66.06 and a 1-year high of $162.97.
Arista Networks (NYSE:ANET) last posted its earnings results on Thursday, May 4th. The technology company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. Arista Networks had a return on equity of 20.94% and a net margin of 18.95%. The firm had revenue of $335.48 million for the quarter, compared to analysts’ expectations of $326.19 million. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue was up 38.5% compared to the same quarter last year. On average, equities research analysts forecast that Arista Networks, Inc. will post $3.96 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB acquired a new stake in Arista Networks during the second quarter valued at approximately $1,624,000. Sowell Financial Services LLC acquired a new stake in Arista Networks during the first quarter valued at approximately $1,091,000. Brighton Jones LLC acquired a new stake in Arista Networks during the first quarter valued at approximately $635,000. FNY Partners Fund LP acquired a new stake in Arista Networks during the first quarter valued at approximately $352,000. Finally, Janus Capital Management LLC boosted its stake in Arista Networks by 115.5% in the first quarter. Janus Capital Management LLC now owns 35,749 shares of the technology company’s stock valued at $4,728,000 after buying an additional 19,160 shares in the last quarter. Hedge funds and other institutional investors own 60.68% of the company’s stock.
ANET has been the topic of several research analyst reports. Wells Fargo & Company reissued an “outperform” rating on shares of Arista Networks in a research report on Tuesday, July 4th. Needham & Company LLC reissued a “buy” rating and set a $150.00 target price on shares of Arista Networks in a research report on Tuesday, July 4th. Instinet lowered Arista Networks from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 4th. BidaskClub lowered Arista Networks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 4th. Finally, Pacific Crest reissued an “overweight” rating and set a $168.00 target price (up previously from $145.00) on shares of Arista Networks in a research report on Sunday, June 25th. Fifteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $136.34.
Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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