Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Charles H. Giancarlo sold 2,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $207.75, for a total value of $415,500.00. Following the completion of the transaction, the director now directly owns 68,946 shares of the company’s stock, valued at approximately $14,323,531.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Arista Networks Price Performance
ANET opened at $212.49 on Monday. Arista Networks, Inc. has a 12 month low of $107.57 and a 12 month high of $214.26. The stock has a market cap of $66.11 billion, a P/E ratio of 35.42, a P/E/G ratio of 1.88 and a beta of 1.12. The stock’s 50 day moving average price is $189.72 and its 200 day moving average price is $171.29.
Institutional Trading of Arista Networks
Large investors have recently added to or reduced their stakes in the business. RFP Financial Group LLC increased its position in Arista Networks by 169.2% in the 2nd quarter. RFP Financial Group LLC now owns 175 shares of the technology company’s stock valued at $28,000 after acquiring an additional 110 shares during the period. Larson Financial Group LLC acquired a new position in shares of Arista Networks during the 3rd quarter valued at $28,000. Hollencrest Capital Management acquired a new position in shares of Arista Networks during the 1st quarter valued at $30,000. TFC Financial Management Inc. increased its position in shares of Arista Networks by 131.0% during the 1st quarter. TFC Financial Management Inc. now owns 194 shares of the technology company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. Finally, BluePath Capital Management LLC acquired a new position in shares of Arista Networks during the 3rd quarter valued at $33,000. 67.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
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.
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