Arista Networks Inc (NYSE:ANET) insider Jayshree Ullal sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $329.03, for a total transaction of $6,580,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, April 1st, Jayshree Ullal sold 16,000 shares of Arista Networks stock. The stock was sold at an average price of $318.09, for a total transaction of $5,089,440.00.
  • On Thursday, March 21st, Jayshree Ullal sold 12,000 shares of Arista Networks stock. The stock was sold at an average price of $313.44, for a total transaction of $3,761,280.00.
  • On Monday, March 18th, Jayshree Ullal sold 27,250 shares of Arista Networks stock. The stock was sold at an average price of $299.55, for a total transaction of $8,162,737.50.
  • On Friday, March 15th, Jayshree Ullal sold 198 shares of Arista Networks stock. The stock was sold at an average price of $292.97, for a total transaction of $58,008.06.
  • On Wednesday, March 13th, Jayshree Ullal sold 2,502 shares of Arista Networks stock. The stock was sold at an average price of $292.83, for a total transaction of $732,660.66.
  • On Friday, March 1st, Jayshree Ullal sold 32,394 shares of Arista Networks stock. The stock was sold at an average price of $286.58, for a total transaction of $9,283,472.52.
  • On Monday, March 4th, Jayshree Ullal sold 33,498 shares of Arista Networks stock. The stock was sold at an average price of $286.65, for a total transaction of $9,602,201.70.

Arista Networks stock traded down $0.50 during trading on Wednesday, hitting $328.04. The company had a trading volume of 459,258 shares, compared to its average volume of 835,340. Arista Networks Inc has a 1-year low of $187.08 and a 1-year high of $331.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.04 and a current ratio of 4.48. The company has a market capitalization of $24.99 billion, a PE ratio of 46.40, a price-to-earnings-growth ratio of 1.97 and a beta of 1.51.

Arista Networks (NYSE:ANET) last posted its earnings results on Thursday, February 14th. The technology company reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $0.45. Arista Networks had a net margin of 29.47% and a return on equity of 29.37%. The firm had revenue of $595.70 million during the quarter, compared to the consensus estimate of $591.41 million. During the same quarter last year, the firm earned $1.71 EPS. The firm’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, equities research analysts forecast that Arista Networks Inc will post 8.24 earnings per share for the current year.

A number of brokerages have recently issued reports on ANET. Goldman Sachs Group raised their price target on shares of Arista Networks from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. Zacks Investment Research downgraded shares of Arista Networks from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank upgraded shares of Arista Networks from a “sell” rating to a “hold” rating and raised their price target for the stock from $190.00 to $225.00 in a report on Tuesday, March 19th. ValuEngine upgraded shares of Arista Networks from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Finally, Gabelli upgraded shares of Arista Networks from a “hold” rating to a “buy” rating and set a $279.00 price target for the company in a report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $299.61.

A number of institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $25,000. FTB Advisors Inc. acquired a new position in shares of Arista Networks in the fourth quarter worth $26,000. Kaizen Advisory LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $27,000. CENTRAL TRUST Co grew its stake in shares of Arista Networks by 53.3% in the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock worth $29,000 after acquiring an additional 49 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Arista Networks in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 56.33% of the company’s stock.

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About Arista Networks

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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