Arista Networks, Inc. (NYSE:ANET – Get Free Report) SVP Marc Taxay sold 1,044 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $254.54, for a total transaction of $265,739.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marc Taxay also recently made the following trade(s):
- On Monday, April 1st, Marc Taxay sold 1,040 shares of Arista Networks stock. The shares were sold at an average price of $292.28, for a total transaction of $303,971.20.
- On Friday, March 1st, Marc Taxay sold 11,650 shares of Arista Networks stock. The shares were sold at an average price of $286.28, for a total transaction of $3,335,162.00.
Arista Networks Stock Performance
Arista Networks stock opened at $274.40 on Monday. The firm’s fifty day moving average price is $279.07 and its 200-day moving average price is $250.02. The stock has a market cap of $85.79 billion, a P/E ratio of 41.77, a price-to-earnings-growth ratio of 2.34 and a beta of 1.13. Arista Networks, Inc. has a fifty-two week low of $131.68 and a fifty-two week high of $307.74.
Institutional Trading of Arista Networks
Institutional investors and hedge funds have recently made changes to their positions in the stock. Benjamin Edwards Inc. bought a new position in shares of Arista Networks during the 1st quarter valued at $26,000. Larson Financial Group LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at $28,000. First Command Advisory Services Inc. bought a new position in shares of Arista Networks during the 3rd quarter valued at $29,000. Financial Synergies Wealth Advisors Inc. grew its holdings in shares of Arista Networks by 872.7% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock valued at $31,000 after purchasing an additional 96 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in shares of Arista Networks during the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on ANET shares. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Arista Networks in a research report on Tuesday, February 13th. JPMorgan Chase & Co. upped their price target on shares of Arista Networks from $297.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Jefferies Financial Group upgraded shares of Arista Networks from a “hold” rating to a “buy” rating and upped their price target for the company from $240.00 to $320.00 in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $320.00 price target on shares of Arista Networks in a research note on Tuesday, February 13th. Finally, Rosenblatt Securities restated a “sell” rating and set a $210.00 price target on shares of Arista Networks in a research note on Friday, April 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $285.53.
Read Our Latest Report on ANET
About Arista Networks
Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.
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