Arista Networks Inc (ANET) Insider Jayshree Ullal Sells 4,933 Shares

Arista Networks Inc (NYSE:ANET) insider Jayshree Ullal sold 4,933 shares of Arista Networks stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $299.39, for a total transaction of $1,476,890.87. Following the sale, the insider now owns 5,900 shares in the company, valued at approximately $1,766,401. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jayshree Ullal also recently made the following trade(s):

  • On Friday, March 9th, Jayshree Ullal sold 300 shares of Arista Networks stock. The shares were sold at an average price of $297.78, for a total transaction of $89,334.00.
  • On Monday, March 5th, Jayshree Ullal sold 5,000 shares of Arista Networks stock. The shares were sold at an average price of $282.55, for a total transaction of $1,412,750.00.
  • On Monday, February 26th, Jayshree Ullal sold 9,200 shares of Arista Networks stock. The shares were sold at an average price of $255.60, for a total transaction of $2,351,520.00.
  • On Wednesday, February 21st, Jayshree Ullal sold 800 shares of Arista Networks stock. The shares were sold at an average price of $248.24, for a total transaction of $198,592.00.

Shares of Arista Networks Inc (NYSE:ANET) opened at $289.68 on Wednesday. The company has a current ratio of 4.28, a quick ratio of 3.70 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a 12 month low of $126.01 and a 12 month high of $311.67. The firm has a market cap of $21,970.54, a price-to-earnings ratio of 54.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.46.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 15th. The technology company reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.32. Arista Networks had a net margin of 25.71% and a return on equity of 25.86%. The firm had revenue of $467.90 million during the quarter, compared to analyst estimates of $463.82 million. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. equities research analysts forecast that Arista Networks Inc will post 6.01 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Arista Networks during the fourth quarter valued at $100,000. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Arista Networks by 164.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 484 shares of the technology company’s stock valued at $114,000 after acquiring an additional 301 shares during the period. Fieldpoint Private Securities LLC acquired a new position in shares of Arista Networks during the third quarter valued at $130,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Arista Networks during the third quarter valued at $151,000. Finally, TRUE Private Wealth Advisors acquired a new position in shares of Arista Networks during the fourth quarter valued at $210,000. 56.52% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Arista Networks from $315.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, March 9th. Vetr lowered shares of Arista Networks from a “strong-buy” rating to a “buy” rating and set a $321.08 price objective on the stock. in a research note on Tuesday, March 6th. Zacks Investment Research upgraded shares of Arista Networks from a “hold” rating to a “buy” rating and set a $267.00 price objective on the stock in a research note on Thursday, February 22nd. Nomura lifted their price objective on shares of Arista Networks from $185.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, February 20th. Finally, MKM Partners lifted their price objective on shares of Arista Networks to $285.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Arista Networks presently has an average rating of “Buy” and a consensus target price of $249.42.

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Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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