Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 4,042 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $299.99, for a total transaction of $1,212,559.58. Following the sale, the chief executive officer now directly owns 1,628,532 shares in the company, valued at approximately $488,543,314.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jayshree Ullal also recently made the following trade(s):
- On Wednesday, April 3rd, Jayshree Ullal sold 24,000 shares of Arista Networks stock. The stock was sold at an average price of $291.12, for a total transaction of $6,986,880.00.
- On Monday, April 1st, Jayshree Ullal sold 24,000 shares of Arista Networks stock. The stock was sold at an average price of $292.28, for a total transaction of $7,014,720.00.
- On Wednesday, March 27th, Jayshree Ullal sold 23,000 shares of Arista Networks stock. The stock was sold at an average price of $296.24, for a total transaction of $6,813,520.00.
- On Monday, March 25th, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The stock was sold at an average price of $301.45, for a total transaction of $6,631,900.00.
- On Friday, March 22nd, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The stock was sold at an average price of $303.00, for a total transaction of $6,666,000.00.
- On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The shares were sold at an average price of $289.06, for a total transaction of $6,070,260.00.
- On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $282.41, for a total transaction of $5,648,200.00.
- On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The shares were sold at an average price of $278.81, for a total transaction 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 transaction of $262,924.20.
- On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The stock was sold at an average price of $268.15, for a total transaction of $196,553.95.
Arista Networks Price Performance
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Shares of Arista Networks stock opened at $296.58 on Friday. The firm has a fifty day moving average price of $281.81 and a 200 day moving average price of $241.33. Arista Networks, Inc. has a 1 year low of $131.68 and a 1 year high of $307.74. The stock has a market cap of $92.72 billion, a PE ratio of 45.14, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.70 by $0.38. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The firm's revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. As a group, equities analysts expect that Arista Networks, Inc. will post 6.63 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on ANET shares. KeyCorp increased their target price on shares of Arista Networks from $232.00 to $287.00 and gave the stock an "overweight" rating in a report on Thursday, January 18th. Wells Fargo & Company increased their price target on shares of Arista Networks from $225.00 to $310.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 7th. Oppenheimer reissued a "market perform" rating on shares of Arista Networks in a research note on Tuesday, February 13th. The Goldman Sachs Group increased their price target on shares of Arista Networks from $313.00 to $356.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $320.00 price target on shares of Arista Networks in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $282.65.
Get Our Latest Stock Report on ANET
Institutional Trading of Arista Networks
Institutional investors have recently modified their holdings of the stock. Alaska Permanent Fund Corp acquired a new stake in shares of Arista Networks in the first quarter valued at about $37,000. Rakuten Securities Inc. purchased a new position in shares of Arista Networks in the fourth quarter worth about $35,000. Atticus Wealth Management LLC lifted its stake in shares of Arista Networks by 3,625.0% in the fourth quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company's stock worth $35,000 after buying an additional 145 shares in the last quarter. Larson Financial Group LLC purchased a new position in shares of Arista Networks in the third quarter worth about $28,000. Finally, Sandy Spring Bank lifted its stake in shares of Arista Networks by 33.6% in the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company's stock worth $37,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.
About Arista Networks
(
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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