Arista Networks Inc (NYSE:ANET) insider Anshul Sadana sold 24,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $256.25, for a total transaction of $6,150,000.00. Following the transaction, the insider now directly owns 80,972 shares of the company’s stock, valued at approximately $20,749,075. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Arista Networks Inc (ANET) traded up $2.38 during mid-day trading on Thursday, reaching $265.19. 642,324 shares of the company traded hands, compared to its average volume of 810,259. Arista Networks Inc has a 52 week low of $87.54 and a 52 week high of $268.12. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $19,390.00, a PE ratio of 55.02, a P/E/G ratio of 1.93 and a beta of 1.38.

Arista Networks (NYSE:ANET) last issued its earnings results on Thursday, November 2nd. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.33. Arista Networks had a net margin of 25.10% and a return on equity of 24.76%. analysts predict that Arista Networks Inc will post 4.63 EPS for the current year.

A number of equities analysts have weighed in on the stock. KeyCorp reaffirmed a “buy” rating and set a $200.00 target price on shares of Arista Networks in a research note on Friday, September 29th. BMO Capital Markets downgraded shares of Arista Networks from an “outperform” rating to a “market perform” rating and set a $190.00 target price for the company. in a research note on Thursday, September 28th. They noted that the move was a valuation call. Berenberg Bank assumed coverage on shares of Arista Networks in a research note on Tuesday, September 26th. They set a “buy” rating and a $225.00 target price for the company. Citigroup reaffirmed a “buy” rating and set a $215.00 target price on shares of Arista Networks in a research note on Wednesday, September 27th. Finally, Wells Fargo & Co assumed coverage on shares of 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. Fourteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Arista Networks currently has an average rating of “Buy” and a consensus price target of $205.66.

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in Arista Networks by 20.5% in 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 during the last quarter. Fieldpoint Private Securities LLC purchased a new position in shares of Arista Networks during the 3rd quarter worth $130,000. D.A. Davidson & CO. boosted its stake in shares of Arista Networks by 3.2% during the 2nd quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after acquiring an additional 30 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Arista Networks during the 3rd quarter worth $151,000. Finally, CrestPoint Capital Management LLC purchased a new position in shares of Arista Networks during the 4th quarter worth $212,000. Institutional investors own 57.96% of the company’s stock.

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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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