Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 22,000 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $301.45, for a total value of $6,631,900.00. Following the completion of the sale, the chief executive officer now owns 1,660,800 shares in the company, valued at approximately $500,648,160. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Jayshree Ullal also recently made the following trade(s):
- On Friday, March 22nd, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The shares were sold at an average price of $303.00, for a total value of $6,666,000.00.
- On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The stock was sold at an average price of $289.06, for a total value of $6,070,260.00.
- On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $282.41, for a total value of $5,648,200.00.
- On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The stock was sold at an average price of $278.81, for a total value of $24,373,012.58.
- On Monday, January 29th, Jayshree Ullal sold 980 shares of Arista Networks stock. The shares were sold at an average price of $268.29, for a total value of $262,924.20.
- On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The shares were sold at an average price of $268.15, for a total value of $196,553.95.
- On Monday, January 22nd, Jayshree Ullal sold 8,002 shares of Arista Networks stock. The stock was sold at an average price of $267.39, for a total value of $2,139,654.78.
- On Thursday, January 18th, Jayshree Ullal sold 18,621 shares of Arista Networks stock. The stock was sold at an average price of $257.60, for a total value of $4,796,769.60.
- On Tuesday, January 9th, Jayshree Ullal sold 670 shares of Arista Networks stock. The stock was sold at an average price of $247.46, for a total value of $165,798.20.
Arista Networks Stock Performance
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Arista Networks stock opened at $288.41 on Thursday. The stock's 50 day simple moving average is $274.45 and its two-hundred day simple moving average is $232.99. The stock has a market cap of $90.17 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 2.64 and a beta of 1.10. Arista Networks, Inc. has a fifty-two week low of $131.68 and a fifty-two week high of $307.74.
Arista Networks (NYSE:ANET - Get Free Report) last posted its quarterly earnings data on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.38. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The business's revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 EPS. On average, analysts predict that Arista Networks, Inc. will post 6.63 earnings per share for the current year.
Hedge Funds Weigh In On Arista Networks
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Arista Networks by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 29,494,876 shares of the technology company's stock valued at $6,946,338,000 after purchasing an additional 1,596,040 shares during the last quarter. FMR LLC lifted its holdings in shares of Arista Networks by 32.2% during the third quarter. FMR LLC now owns 10,318,633 shares of the technology company's stock valued at $1,897,906,000 after purchasing an additional 2,515,864 shares during the last quarter. State Street Corp lifted its holdings in shares of Arista Networks by 2.9% during the second quarter. State Street Corp now owns 10,280,987 shares of the technology company's stock valued at $1,666,137,000 after purchasing an additional 289,064 shares during the last quarter. Capital World Investors lifted its holdings in shares of Arista Networks by 0.5% during the fourth quarter. Capital World Investors now owns 10,136,348 shares of the technology company's stock valued at $2,387,211,000 after purchasing an additional 55,312 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Arista Networks by 162.2% during the fourth quarter. Morgan Stanley now owns 5,549,335 shares of the technology company's stock valued at $673,412,000 after purchasing an additional 3,432,952 shares during the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on Arista Networks from $220.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, December 14th. Barclays raised their price target on Arista Networks from $272.00 to $311.00 and gave the company an "overweight" rating in a research report on Tuesday, February 13th. Rosenblatt Securities raised their price target on Arista Networks from $230.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, February 13th. Needham & Company LLC restated a "buy" rating and set a $320.00 price target on shares of Arista Networks in a research report on Tuesday, February 13th. Finally, The Goldman Sachs Group raised their price target on Arista Networks from $313.00 to $356.00 and gave the company a "buy" rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $275.59.
Read Our Latest Analysis on Arista Networks
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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