Arista Networks, Inc. (NYSE:ANET) insider Ita M. Brennan sold 5,000 shares of Arista Networks stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $175.00, for a total transaction of $875,000.00. Following the sale, the insider now owns 21,079 shares of the company’s stock, valued at $3,688,825. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Arista Networks, Inc. (NYSE ANET) opened at 173.73 on Friday. Arista Networks, Inc. has a 12 month low of $78.16 and a 12 month high of $176.88. The stock has a market cap of $12.60 billion, a P/E ratio of 44.83 and a beta of 1.33. The stock’s 50 day moving average is $160.91 and its 200 day moving average is $142.28.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The business had revenue of $405.21 million for the quarter, compared to analysts’ expectations of $361.02 million. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. Arista Networks’s quarterly revenue was up 50.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. Analysts predict that Arista Networks, Inc. will post $4.69 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the stock. JMP Securities reiterated an “outperform” rating and set a $185.00 price target (up from $155.00) on shares of Arista Networks in a research report on Tuesday, August 15th. William Blair reiterated an “outperform” rating on shares of Arista Networks in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $180.00 price target (up from $160.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and set a $145.00 price target (up from $120.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $165.00 price target (up from $145.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Sixteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Arista Networks has an average rating of “Buy” and a consensus price target of $154.40.

A number of hedge funds have recently made changes to their positions in ANET. BlackRock Inc. raised its stake in shares of Arista Networks by 34,238.9% in the first quarter. BlackRock Inc. now owns 1,684,322 shares of the technology company’s stock valued at $222,784,000 after buying an additional 1,679,417 shares in the last quarter. Harbour Capital Advisors LLC raised its stake in shares of Arista Networks by 13,502.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,228,278 shares of the technology company’s stock valued at $8,200,000 after buying an additional 1,219,248 shares in the last quarter. FMR LLC raised its stake in shares of Arista Networks by 32.2% in the first quarter. FMR LLC now owns 3,288,755 shares of the technology company’s stock valued at $435,004,000 after buying an additional 800,465 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Arista Networks during the second quarter valued at approximately $592,000. Finally, Vanguard Group Inc. raised its stake in shares of Arista Networks by 12.8% in the first quarter. Vanguard Group Inc. now owns 3,514,246 shares of the technology company’s stock valued at $464,830,000 after buying an additional 399,688 shares in the last quarter. 60.83% of the stock is currently owned by institutional investors and hedge funds.

About Arista Networks

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.

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

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