Arista Networks, Inc. (NYSE:ANET) SVP Sells $1,789,785.60 in Stock

Arista Networks, Inc. (NYSE:ANET) SVP Kenneth Duda sold 5,505 shares of the business’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $325.12, for a total transaction of $1,789,785.60. Following the completion of the sale, the senior vice president now owns 811 shares in the company, valued at approximately $263,672.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kenneth Duda also recently made the following trade(s):

  • On Monday, May 10th, Kenneth Duda sold 4,532 shares of Arista Networks stock. The stock was sold at an average price of $329.30, for a total transaction of $1,492,387.60.
  • On Monday, April 12th, Kenneth Duda sold 10,000 shares of Arista Networks stock. The stock was sold at an average price of $314.01, for a total transaction of $3,140,100.00.
  • On Wednesday, March 10th, Kenneth Duda sold 10,000 shares of Arista Networks stock. The stock was sold at an average price of $275.75, for a total transaction of $2,757,500.00.
  • On Friday, February 19th, Kenneth Duda sold 2,555 shares of Arista Networks stock. The stock was sold at an average price of $325.29, for a total transaction of $831,115.95.
  • On Tuesday, February 16th, Kenneth Duda sold 3,250 shares of Arista Networks stock. The stock was sold at an average price of $325.47, for a total transaction of $1,057,777.50.
  • On Wednesday, February 10th, Kenneth Duda sold 10,000 shares of Arista Networks stock. The stock was sold at an average price of $317.58, for a total transaction of $3,175,800.00.

Shares of Arista Networks stock opened at $315.77 on Thursday. The company has a market capitalization of $24.08 billion, a PE ratio of 35.36, a P/E/G ratio of 3.91 and a beta of 1.21. The company has a 50-day simple moving average of $313.38 and a two-hundred day simple moving average of $291.98. Arista Networks, Inc. has a one year low of $192.96 and a one year high of $331.85.

Arista Networks (NYSE:ANET) last announced its earnings results on Monday, May 3rd. The technology company reported $2.50 EPS for the quarter, topping the Zacks’ consensus estimate of $2.38 by $0.12. Arista Networks had a net margin of 32.06% and a return on equity of 20.37%. The business had revenue of $667.56 million during the quarter, compared to the consensus estimate of $642.57 million. During the same period in the previous year, the company posted $2.02 earnings per share. The firm’s revenue was up 27.6% on a year-over-year basis. On average, equities research analysts predict that Arista Networks, Inc. will post 7.66 EPS for the current year.

Several research firms have commented on ANET. MKM Partners lifted their price objective on shares of Arista Networks from $273.00 to $324.00 in a research note on Thursday, January 28th. KeyCorp boosted their target price on shares of Arista Networks from $365.00 to $370.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, February 19th. Morgan Stanley boosted their target price on shares of Arista Networks from $320.00 to $345.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Finally, Jefferies Financial Group boosted their target price on shares of Arista Networks from $240.00 to $295.00 and gave the company a “hold” rating in a research note on Friday, February 19th. They noted that the move was a valuation call. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $333.85.

Institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. acquired a new stake in shares of Arista Networks in the 4th quarter worth $28,000. Credit Agricole S A acquired a new stake in shares of Arista Networks in the 4th quarter worth $29,000. Veritas Investment Partners UK Ltd. acquired a new stake in shares of Arista Networks in the 4th quarter worth $31,000. Carroll Financial Associates Inc. acquired a new stake in shares of Arista Networks in the 1st quarter worth $33,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Arista Networks by 187.8% during the 1st quarter. Parkside Financial Bank & Trust now owns 118 shares of the technology company’s stock worth $36,000 after purchasing an additional 77 shares during the period. 61.75% of the stock is owned by institutional investors and hedge funds.

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.

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

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