Arista Networks, Inc. (NYSE:ANET) insider Ita M. Brennan sold 3,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $229.97, for a total value of $804,895.00. Following the sale, the insider now directly owns 17,677 shares of the company’s stock, valued at $4,065,179.69. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Arista Networks, Inc. (NYSE ANET) opened at $212.86 on Thursday. Arista Networks, Inc. has a one year low of $87.33 and a one year high of $245.65. The firm has a market capitalization of $15,427.89, a P/E ratio of 50.73, a P/E/G ratio of 1.92 and a beta of 1.38. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03.

A number of research firms have weighed in on ANET. UBS increased their price objective on Arista Networks from $165.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. BidaskClub raised Arista Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $175.00 target price on shares of Arista Networks in a research note on Tuesday, September 12th. DA Davidson raised Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 target price for the company in a research note on Friday, November 3rd. Finally, Wells Fargo & Company began coverage on Arista Networks in a research note on Tuesday, November 14th. They set a “market perform” rating and a $235.00 target price for the company. Sixteen research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $192.55.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors increased its stake in Arista Networks by 2.8% in the 2nd quarter. Capital Research Global Investors now owns 7,579,814 shares of the technology company’s stock valued at $1,135,380,000 after purchasing an additional 209,783 shares in the last quarter. Vanguard Group Inc. increased its stake in Arista Networks by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock valued at $563,810,000 after purchasing an additional 249,753 shares in the last quarter. BlackRock Inc. increased its stake in Arista Networks by 41.1% in the 2nd quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock valued at $356,048,000 after purchasing an additional 692,651 shares in the last quarter. State Street Corp increased its stake in Arista Networks by 44.7% in the 2nd quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock valued at $159,278,000 after purchasing an additional 328,534 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Arista Networks by 1.2% during the second quarter. First Trust Advisors LP now owns 801,191 shares of the technology company’s stock worth $120,010,000 after buying an additional 9,596 shares in the last quarter. 58.20% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Ita M. Brennan Sells 3,500 Shares of Arista Networks, Inc. (ANET) Stock” was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://theolympiareport.com/2017/12/07/ita-m-brennan-sells-3500-shares-of-arista-networks-inc-anet-stock.html.

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)

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.