Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $176.09, for a total transaction of $352,180.00. Following the transaction, the senior vice president now owns 13,002 shares in the company, valued at $2,289,522.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Marc Taxay also recently made the following trade(s):

  • On Tuesday, August 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $150.43, for a total transaction of $300,860.00.
  • On Monday, July 3rd, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $148.52, for a total transaction of $297,040.00.

Arista Networks, Inc. (ANET) traded down 1.27% during mid-day trading on Tuesday, hitting $175.23. 809,427 shares of the stock were exchanged. Arista Networks, Inc. has a one year low of $78.16 and a one year high of $179.71. The company has a 50-day moving average price of $164.44 and a 200-day moving average price of $146.03. The company has a market cap of $12.71 billion, a P/E ratio of 45.22 and a beta of 1.30.

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. On average, 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 analysts recently issued reports on the stock. UBS AG increased their target price on shares of Arista Networks from $120.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 31st. William Blair raised shares of Arista Networks from a “market perform” rating to an “outperform” rating in a research report on Friday, August 4th. DA Davidson downgraded shares of Arista Networks from a “buy” rating to a “neutral” rating and set a $153.00 target price for the company. in a research report on Monday, May 22nd. Barclays PLC increased their target price on shares of Arista Networks from $161.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, June 15th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Arista Networks in a research report on Tuesday, July 4th. Sixteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $154.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its position in shares of Arista Networks by 13.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 65,336 shares of the technology company’s stock valued at $9,787,000 after purchasing an additional 7,827 shares during the period. Janus Capital Management LLC increased its position in shares of Arista Networks by 115.5% during the first quarter. Janus Capital Management LLC now owns 35,749 shares of the technology company’s stock valued at $4,728,000 after purchasing an additional 19,160 shares during the period. California Public Employees Retirement System increased its position in shares of Arista Networks by 154.9% during the first quarter. California Public Employees Retirement System now owns 90,500 shares of the technology company’s stock valued at $11,970,000 after purchasing an additional 55,000 shares during the period. Swiss National Bank increased its position in shares of Arista Networks by 0.9% during the first quarter. Swiss National Bank now owns 75,200 shares of the technology company’s stock valued at $9,947,000 after purchasing an additional 700 shares during the period. Finally, Credit Suisse AG increased its position in shares of Arista Networks by 1.4% during the first quarter. Credit Suisse AG now owns 62,634 shares of the technology company’s stock valued at $8,285,000 after purchasing an additional 859 shares during the period. Institutional investors and hedge funds own 59.40% of the company’s stock.

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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