Key Points
- Arista director Yvonne Wassenaar sold 1,395 shares on March 16 at an average price of $134.34 for $187,404.30, cutting her stake by 11.09% to 11,179 shares (≈$1.50M).
- Wassenaar also sold 1,815 shares on Feb 25 at $132.44 for $240,378.60, marking multiple recent insider sales.
- Arista beat quarterly expectations (EPS $0.82 vs. $0.75; revenue $2.49B vs. $2.38B, +28.9% YoY) and carries a consensus “Moderate Buy” rating with an average target of about $176.47 as several analysts raised their targets.
Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Yvonne Wassenaar sold 1,395 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $134.34, for a total value of $187,404.30. Following the completion of the sale, the director owned 11,179 shares in the company, valued at approximately $1,501,786.86. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Yvonne Wassenaar also recently made the following trade(s):
- On Wednesday, February 25th, Yvonne Wassenaar sold 1,815 shares of Arista Networks stock. The stock was sold at an average price of $132.44, for a total value of $240,378.60.
Arista Networks Price Performance
Shares of NYSE ANET opened at $136.15 on Thursday. The company has a market cap of $171.08 billion, a price-to-earnings ratio of 49.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.46. The stock's 50-day moving average is $134.95 and its two-hundred day moving average is $137.31. Arista Networks, Inc. has a 1-year low of $59.43 and a 1-year high of $164.94.
Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. Arista Networks had a return on equity of 30.37% and a net margin of 38.99%.The business had revenue of $2.49 billion during the quarter, compared to analysts' expectations of $2.38 billion. During the same quarter last year, the business posted $0.66 EPS. The business's quarterly revenue was up 28.9% compared to the same quarter last year. Equities research analysts anticipate that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have commented on ANET. The Goldman Sachs Group reiterated a "buy" rating and set a $188.00 price target (up from $165.00) on shares of Arista Networks in a report on Friday, February 13th. TD Cowen initiated coverage on shares of Arista Networks in a research report on Thursday, March 12th. They set a "buy" rating and a $170.00 price objective for the company. Needham & Company LLC boosted their target price on shares of Arista Networks from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Rosenblatt Securities increased their target price on Arista Networks from $140.00 to $165.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Arista Networks in a report on Monday, December 29th. Eighteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $176.47.
View Our Latest Report on Arista Networks
Hedge Funds Weigh In On Arista Networks
Several large investors have recently bought and sold shares of the stock. Walkner Condon Financial Advisors LLC boosted its position in shares of Arista Networks by 0.4% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 18,509 shares of the technology company's stock valued at $2,697,000 after purchasing an additional 70 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in Arista Networks by 0.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 16,085 shares of the technology company's stock valued at $2,133,000 after buying an additional 70 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in Arista Networks by 56.7% in the third quarter. AdvisorNet Financial Inc now owns 199 shares of the technology company's stock valued at $29,000 after buying an additional 72 shares during the last quarter. United Asset Strategies Inc. boosted its holdings in shares of Arista Networks by 1.2% in the fourth quarter. United Asset Strategies Inc. now owns 6,311 shares of the technology company's stock valued at $827,000 after acquiring an additional 72 shares during the period. Finally, Crown Wealth Group LLC boosted its holdings in shares of Arista Networks by 2.4% in the third quarter. Crown Wealth Group LLC now owns 3,175 shares of the technology company's stock valued at $463,000 after acquiring an additional 75 shares during the period. Institutional investors and hedge funds own 82.47% of the company's stock.
Arista Networks Company Profile
(
Get Free Report)
Arista Networks, Inc is a technology company that designs and sells cloud networking solutions for large-scale data centers and enterprise environments. The company is best known for its high-performance switching and routing platforms, which are used to build scalable, low-latency networks for cloud service providers, internet companies, financial services, telecommunications, and enterprise IT. Arista's offerings emphasize programmability, automation and telemetry to support modern, software-driven network architectures.
Central to Arista's product portfolio is its Extensible Operating System (EOS), a modular network operating system that provides consistent programmability, stateful control and advanced visibility across the company's hardware platforms.
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