Arista Networks, Inc. (ANET) SVP Marc Taxay Sells 2,000 Shares

Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $150.43, for a total value of $300,860.00. Following the completion of the sale, the senior vice president now directly owns 11,775 shares in the company, valued at $1,771,313.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Receive News & Ratings for Arista Networks Inc. Daily

Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Marc Taxay also recently made the following trade(s):

On Monday, July 3rd, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $148.52, for a total value of $297,040.00.
On Thursday, June 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $147.51, for a total value of $295,020.00.

Shares of Arista Networks, Inc. (NYSE:ANET) traded down 2.94% during mid-day trading on Wednesday, hitting $143.46. The company had a trading volume of 1,162,516 shares. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 46.34 and a beta of 1.33. The firm has a 50-day moving average price of $153.36 and a 200 day moving average price of $133.41. Arista Networks, Inc. has a 52-week low of $68.75 and a 52-week high of $162.97.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. The business had revenue of $335.48 million during the quarter, compared to the consensus estimate of $326.19 million. Arista Networks had a net margin of 18.95% and a return on equity of 20.94%. The business’s revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.68 EPS. Analysts expect that Arista Networks, Inc. will post $3.96 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “[[title]]” was first published by [[site]] and is the property of of [[site]]. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and international copyright and trademark laws. The original version of this piece of content can be read at [[permalink]].

Several equities research analysts have recently issued reports on the company. Cowen and Company lifted their target price on Arista Networks from $123.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. UBS AG lifted their target price on Arista Networks from $120.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, May 31st. BMO Capital Markets lifted their target price on Arista Networks from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. Gabelli reaffirmed a “hold” rating on shares of Arista Networks in a report on Friday, April 14th. Finally, DA Davidson cut Arista Networks from a “buy” rating to a “neutral” rating and set a $153.00 target price on the stock. in a report on Monday, May 22nd. Eighteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $140.00.

Several institutional investors have recently bought and sold shares of the company. LS Investment Advisors LLC bought a new position in Arista Networks during the second quarter worth $119,000. SG Americas Securities LLC bought a new position in Arista Networks during the first quarter worth $164,000. Financial Architects Inc boosted its position in Arista Networks by 232.0% in the first quarter. Financial Architects Inc now owns 1,255 shares of the technology company’s stock worth $166,000 after buying an additional 877 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Arista Networks during the second quarter worth $202,000. Finally, Parametrica Management Ltd bought a new position in Arista Networks during the second quarter worth $229,000. 60.98% of the stock is owned by hedge funds and other institutional investors.

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.