John F. Mccool Sells 250 Shares of Arista Networks Inc (ANET) Stock

Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 250 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $265.00, for a total value of $66,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NYSE ANET traded up $5.63 during trading hours on Tuesday, hitting $269.58. 1,910,454 shares of the company’s stock were exchanged, compared to its average volume of 917,196. Arista Networks Inc has a 12-month low of $187.08 and a 12-month high of $313.37. The company has a market capitalization of $19.91 billion, a PE ratio of 57.97, a price-to-earnings-growth ratio of 1.41 and a beta of 1.40. The company has a current ratio of 4.51, a quick ratio of 4.11 and a debt-to-equity ratio of 0.02.

Arista Networks (NYSE:ANET) last released its earnings results on Thursday, February 14th. The technology company reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.80 by $0.45. Arista Networks had a return on equity of 29.06% and a net margin of 28.05%. The firm had revenue of $595.70 million for the quarter, compared to the consensus estimate of $591.41 million. During the same period in the prior year, the business posted $1.71 earnings per share. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Equities analysts predict that Arista Networks Inc will post 6.84 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schroder Investment Management Group acquired a new stake in shares of Arista Networks in the second quarter valued at about $1,396,000. First Hawaiian Bank acquired a new stake in shares of Arista Networks in the third quarter valued at about $548,000. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in shares of Arista Networks in the third quarter valued at about $1,010,000. Foundry Partners LLC acquired a new stake in shares of Arista Networks in the third quarter valued at about $200,000. Finally, IFM Investors Pty Ltd grew its stake in shares of Arista Networks by 16.3% in the third quarter. IFM Investors Pty Ltd now owns 2,705 shares of the technology company’s stock valued at $719,000 after buying an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 60.35% of the company’s stock.

ANET has been the topic of a number of recent research reports. ValuEngine lowered Arista Networks from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Morgan Stanley raised Arista Networks from an “equal weight” rating to an “overweight” rating and dropped their target price for the company from $290.00 to $250.00 in a report on Monday, January 7th. Nomura raised Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a report on Friday, January 18th. Bank of America raised Arista Networks from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Thursday, December 6th. Finally, BMO Capital Markets boosted their target price on Arista Networks from $279.00 to $296.00 and gave the company an “outperform” rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $294.06.

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About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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