ANET has been the topic of several other research reports. Credit Suisse Group lowered shares of Arista Networks from an outperform rating to a neutral rating and set a $144.00 target price on the stock. in a report on Friday, November 1st. Goldman Sachs Group lowered shares of Arista Networks from a conviction-buy rating to a buy rating and dropped their target price for the company from $290.00 to $245.00 in a report on Friday, November 1st. MKM Partners dropped their target price on shares of Arista Networks from $275.00 to $210.00 and set a neutral rating on the stock in a report on Friday, November 1st. Royal Bank of Canada set a $300.00 price objective on shares of Arista Networks and gave the company a buy rating in a report on Friday, July 19th. Finally, Barclays set a $210.00 price objective on shares of Arista Networks and gave the company a buy rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $229.72.
ANET stock traded down $1.83 during midday trading on Wednesday, hitting $192.61. The stock had a trading volume of 796,570 shares, compared to its average volume of 911,833. The firm has a market cap of $14.77 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 1.44 and a beta of 1.60. The company has a current ratio of 5.91, a quick ratio of 5.47 and a debt-to-equity ratio of 0.03. Arista Networks has a 1-year low of $173.31 and a 1-year high of $331.27. The business has a fifty day moving average price of $230.47 and a two-hundred day moving average price of $249.24.
In related news, SVP Marc Taxay sold 2,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $181.52, for a total value of $363,040.00. Following the sale, the senior vice president now owns 11,396 shares in the company, valued at approximately $2,068,601.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kenneth Duda sold 10,876 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $224.30, for a total transaction of $2,439,486.80. Following the completion of the sale, the senior vice president now owns 1,971 shares in the company, valued at approximately $442,095.30. The disclosure for this sale can be found here. Insiders sold a total of 39,986 shares of company stock worth $9,054,297 in the last 90 days. 23.83% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ANET. Strategic Blueprint LLC bought a new stake in Arista Networks in the 3rd quarter worth about $35,000. Meeder Asset Management Inc. grew its position in Arista Networks by 1,281.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 152 shares of the technology company’s stock worth $36,000 after purchasing an additional 141 shares in the last quarter. Gradient Investments LLC bought a new stake in Arista Networks in the 2nd quarter worth about $37,000. Golden State Wealth Management LLC bought a new stake in Arista Networks in the 2nd quarter worth about $41,000. Finally, Financial Management Professionals Inc. grew its position in Arista Networks by 548.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 162 shares of the technology company’s stock worth $42,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 58.95% of the company’s stock.
Arista Networks Company Profile
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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