Arista Networks Inc (ANET) Insider John F. Mccool Sells 83 Shares

Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 83 shares of the firm’s stock in a transaction that occurred on Wednesday, June 20th. The stock was sold at an average price of $276.62, for a total transaction of $22,959.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Arista Networks traded down $6.67, reaching $272.65, during mid-day trading on Friday, Marketbeat reports. The company had a trading volume of 1,195,433 shares, compared to its average volume of 852,104. Arista Networks Inc has a fifty-two week low of $141.78 and a fifty-two week high of $311.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.20 and a quick ratio of 4.61. The firm has a market capitalization of $20.78 billion, a P/E ratio of 58.63, a P/E/G ratio of 2.08 and a beta of 1.46.

Arista Networks (NYSE:ANET) last issued its earnings results on Thursday, May 3rd. The technology company reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.20. Arista Networks had a net margin of 27.19% and a return on equity of 27.23%. The firm had revenue of $472.49 million for the quarter, compared to analyst estimates of $462.11 million. analysts expect that Arista Networks Inc will post 6.33 earnings per share for the current year.



A number of institutional investors have recently modified their holdings of ANET. Summit Trail Advisors LLC boosted its position in Arista Networks by 34,145.8% in the first quarter. Summit Trail Advisors LLC now owns 8,663,852 shares of the technology company’s stock valued at $8,664,000 after buying an additional 8,638,553 shares in the last quarter. Jackson Square Partners LLC boosted its position in Arista Networks by 380.2% in the fourth quarter. Jackson Square Partners LLC now owns 1,272,515 shares of the technology company’s stock valued at $299,779,000 after buying an additional 1,007,491 shares in the last quarter. First Republic Investment Management Inc. boosted its position in Arista Networks by 1,062.8% in the first quarter. First Republic Investment Management Inc. now owns 388,857 shares of the technology company’s stock valued at $99,275,000 after buying an additional 355,417 shares in the last quarter. Macquarie Group Ltd. boosted its position in Arista Networks by 125.3% in the fourth quarter. Macquarie Group Ltd. now owns 617,554 shares of the technology company’s stock valued at $145,483,000 after buying an additional 343,415 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Arista Networks by 29.4% in the first quarter. JPMorgan Chase & Co. now owns 1,398,546 shares of the technology company’s stock valued at $357,048,000 after buying an additional 317,410 shares in the last quarter. Hedge funds and other institutional investors own 53.37% of the company’s stock.

Several research analysts have recently commented on ANET shares. Vetr cut shares of Arista Networks from a “strong-buy” rating to a “buy” rating and set a $321.08 target price on the stock. in a report on Tuesday, March 6th. Citigroup raised their target price on shares of Arista Networks from $315.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, March 9th. Oppenheimer raised their target price on shares of Arista Networks from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Friday, March 16th. Deutsche Bank cut shares of Arista Networks from a “hold” rating to a “sell” rating in a report on Monday, March 19th. Finally, ValuEngine cut shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Wednesday, March 28th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $265.42.

Arista Networks Company Profile

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.

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

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