Arista Networks Inc (ANET) Insider Anshul Sadana Sells 16,444 Shares of Stock

Arista Networks Inc (NYSE:ANET) insider Anshul Sadana sold 16,444 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $243.76, for a total transaction of $4,008,389.44. Following the completion of the transaction, the insider now owns 58,397 shares of the company’s stock, valued at $14,234,852.72. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Anshul Sadana also recently made the following trade(s):

  • On Tuesday, January 16th, Anshul Sadana sold 24,000 shares of Arista Networks stock. The stock was sold at an average price of $256.25, for a total transaction of $6,150,000.00.

Arista Networks Inc (NYSE ANET) traded down $0.08 on Friday, reaching $244.58. 932,851 shares of the company’s stock were exchanged, compared to its average volume of 1,286,179. The company has a quick ratio of 3.07, a current ratio of 4.28 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a 52-week low of $115.86 and a 52-week high of $311.67. The company has a market cap of $17,960.00, a price-to-earnings ratio of 41.03, a price-to-earnings-growth ratio of 1.68 and a beta of 1.47.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, February 15th. The technology company reported $1.71 EPS for the quarter, beating the Zacks’ 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 company had revenue of $467.90 million for the quarter, compared to analyst estimates of $463.82 million. During the same period in the prior year, the firm posted $1.04 EPS. The company’s quarterly revenue was up 42.7% on a year-over-year basis. research analysts expect that Arista Networks Inc will post 6.04 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Arista Networks in the 4th quarter valued at $100,000. PNC Financial Services Group Inc. boosted its stake in shares of Arista Networks by 20.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock valued at $111,000 after purchasing an additional 126 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Arista Networks by 164.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 484 shares of the technology company’s stock valued at $114,000 after purchasing an additional 301 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of Arista Networks in the 3rd quarter valued at $130,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Arista Networks in the 3rd quarter valued at $151,000. 57.18% of the stock is currently owned by institutional investors.

A number of equities analysts recently issued reports on ANET shares. JMP Securities upped their price objective on shares of Arista Networks from $185.00 to $230.00 and gave the stock a “market perform” rating in a research report on Thursday, October 26th. BidaskClub upgraded shares of Arista Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 31st. DA Davidson upgraded shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $224.00 price objective for the company in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $217.00 price objective (up from $175.00) on shares of Arista Networks in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada upped their price objective on shares of Arista Networks from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Friday, November 3rd. Fourteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Arista Networks presently has a consensus rating of “Buy” and a consensus target price of $246.20.

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About Arista Networks

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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