Arista Networks Inc (ANET) Insider Anshul Sadana Sells 24,000 Shares
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.
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.
WARNING: This story was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://theolympiareport.com/2018/01/18/arista-networks-inc-anet-insider-anshul-sadana-sells-24000-shares.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.
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.