John F. Mccool Sells 1,000 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET – Get Rating) insider John F. Mccool sold 1,000 shares of Arista Networks stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $115.71, for a total value of $115,710.00. Following the completion of the transaction, the insider now owns 166 shares of the company’s stock, valued at approximately $19,207.86. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of NYSE ANET opened at $117.79 on Thursday. The business has a fifty day simple moving average of $126.33 and a two-hundred day simple moving average of $128.66. The firm has a market cap of $36.30 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 2.43 and a beta of 1.28. Arista Networks, Inc. has a twelve month low of $77.30 and a twelve month high of $148.57.

Arista Networks (NYSE:ANET – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The technology company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. Arista Networks had a return on equity of 21.58% and a net margin of 29.54%. During the same period last year, the business posted $0.57 earnings per share. On average, equities research analysts anticipate that Arista Networks, Inc. will post 3.16 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC raised its position in shares of Arista Networks by 16.0% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 145 shares of the technology company’s stock worth $50,000 after acquiring an additional 20 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Arista Networks by 0.3% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 7,171 shares of the technology company’s stock worth $2,464,000 after buying an additional 24 shares during the last quarter. Captrust Financial Advisors grew its stake in Arista Networks by 2.1% during the 3rd quarter. Captrust Financial Advisors now owns 1,770 shares of the technology company’s stock worth $608,000 after buying an additional 36 shares during the last quarter. Empirical Finance LLC grew its stake in Arista Networks by 7.9% during the 3rd quarter. Empirical Finance LLC now owns 628 shares of the technology company’s stock worth $216,000 after buying an additional 46 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Arista Networks by 1.9% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 3,218 shares of the technology company’s stock worth $1,106,000 after buying an additional 59 shares during the last quarter. 67.10% of the stock is owned by hedge funds and other institutional investors.

ANET has been the subject of a number of recent research reports. Barclays dropped their target price on Arista Networks from $140.00 to $138.00 in a report on Tuesday. Zacks Investment Research cut Arista Networks from a “strong-buy” rating to a “hold” rating and set a $133.00 target price for the company. in a report on Tuesday, April 19th. KeyCorp lifted their target price on Arista Networks from $165.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, February 15th. StockNews.com raised Arista Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, April 26th. Finally, Wells Fargo & Company raised Arista Networks from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $142.00 to $160.00 in a research note on Thursday, March 10th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $153.61.

Arista Networks Company Profile (Get Rating)

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.

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