Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 10,876 shares of Arista Networks stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $251.38, for a total value of $2,734,008.88. Following the completion of the transaction, the senior vice president now directly owns 1,971 shares in the company, valued at $495,469.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Kenneth Duda also recently made the following trade(s):
- On Friday, May 10th, Kenneth Duda sold 10,874 shares of Arista Networks stock. The stock was sold at an average price of $263.37, for a total value of $2,863,885.38.
- On Wednesday, April 10th, Kenneth Duda sold 11,876 shares of Arista Networks stock. The stock was sold at an average price of $321.15, for a total value of $3,813,977.40.
Shares of ANET traded up $0.88 during mid-day trading on Wednesday, hitting $243.88. 670,260 shares of the company’s stock traded hands, compared to its average volume of 950,545. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.70 and a current ratio of 5.34. Arista Networks Inc has a 1 year low of $187.08 and a 1 year high of $331.27. The stock has a market capitalization of $18.74 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.53 and a beta of 1.62.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $25,000. FTB Advisors Inc. bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $26,000. Lenox Wealth Management Inc. bought a new stake in shares of Arista Networks during the first quarter valued at approximately $26,000. Kaizen Advisory LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $27,000. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $39,000. Institutional investors own 58.01% of the company’s stock.
A number of equities analysts have commented on the company. Rosenblatt Securities assumed coverage on Arista Networks in a research note on Friday, March 29th. They issued a “neutral” rating and a $330.00 price target on the stock. Wolfe Research raised Arista Networks from an “underperform” rating to a “peer perform” rating in a research note on Monday, May 6th. Morgan Stanley decreased their price target on Arista Networks from $300.00 to $275.00 and set an “equal weight” rating on the stock in a research note on Friday, June 7th. Needham & Company LLC reissued a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Arista Networks in a research note on Monday, April 29th. Finally, ValuEngine cut Arista Networks from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $312.17.
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, including universal leaf, spline, and universal spine products.
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