Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 72,443 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $225.96, for a total transaction of $16,369,220.28. Following the sale, the insider now owns 3,564 shares of the company’s stock, valued at $805,321.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jayshree Ullal also recently made the following trade(s):

  • On Friday, November 10th, Jayshree Ullal sold 73,620 shares of Arista Networks stock. The stock was sold at an average price of $220.31, for a total transaction of $16,219,222.20.
  • On Wednesday, November 8th, Jayshree Ullal sold 81,380 shares of Arista Networks stock. The stock was sold at an average price of $211.89, for a total transaction of $17,243,608.20.

Shares of Arista Networks, Inc. (NYSE ANET) opened at $233.82 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03. Arista Networks, Inc. has a 1-year low of $87.33 and a 1-year high of $234.63. The firm has a market cap of $16,940.00, a P/E ratio of 54.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.31.

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A number of hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. raised its holdings in Arista Networks by 3.2% during the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after purchasing an additional 30 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Arista Networks by 20.5% during the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock worth $111,000 after purchasing an additional 126 shares in the last quarter. M&T Bank Corp raised its holdings in Arista Networks by 6.4% during the second quarter. M&T Bank Corp now owns 2,315 shares of the technology company’s stock worth $347,000 after purchasing an additional 140 shares in the last quarter. Affinity Wealth Management raised its holdings in Arista Networks by 11.6% during the second quarter. Affinity Wealth Management now owns 2,158 shares of the technology company’s stock worth $323,000 after purchasing an additional 224 shares in the last quarter. Finally, Financial Architects Inc raised its holdings in Arista Networks by 17.9% during the second quarter. Financial Architects Inc now owns 1,480 shares of the technology company’s stock worth $222,000 after purchasing an additional 225 shares in the last quarter. 59.21% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Arista Networks in a research report on Tuesday. They set a “market perform” rating and a $235.00 price objective for the company. Needham & Company LLC raised their price objective on shares of Arista Networks from $217.00 to $230.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Jaffray Companies initiated coverage on shares of Arista Networks in a research report on Monday, November 13th. They set a “neutral” rating and a $230.00 price objective for the company. Royal Bank Of Canada upgraded shares of Arista Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 8th. Finally, Cowen and Company reiterated a “buy” rating and set a $200.00 price target on shares of Arista Networks in a research report on Friday, November 3rd. Sixteen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $187.21.

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.

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

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