Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 73,620 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $220.31, for a total value of $16,219,222.20. Following the sale, the insider now directly owns 3,564 shares of the company’s stock, valued at $785,184.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Jayshree Ullal also recently made the following trade(s):
- On Wednesday, November 8th, Jayshree Ullal sold 81,380 shares of Arista Networks stock. The stock was sold at an average price of $211.89, for a total value of $17,243,608.20.
Shares of Arista Networks, Inc. (NYSE ANET) opened at $227.10 on Wednesday. The stock has a market capitalization of $16,458.61, a PE ratio of 54.12, a PEG ratio of 2.08 and a beta of 1.31. Arista Networks, Inc. has a 1 year low of $86.00 and a 1 year high of $228.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07.
Several research firms have recently weighed in on ANET. Wells Fargo & Company began coverage on Arista Networks in a research note on Tuesday. They set a “market perform” rating for the company. Piper Jaffray Companies began coverage on Arista Networks in a report on Monday. They issued a “neutral” rating and a $230.00 target price for the company. Royal Bank Of Canada upgraded Arista Networks from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 8th. UBS AG increased their target price on Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating on shares of Arista Networks in a report on Friday, November 3rd. Sixteen research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $184.69.
Several large investors have recently modified their holdings of the company. D.A. Davidson & CO. grew its position in shares of Arista Networks by 3.2% in the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock valued at $147,000 after purchasing an additional 30 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Arista Networks by 20.5% in the second 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. M&T Bank Corp grew its position in shares of Arista Networks by 6.4% in the second quarter. M&T Bank Corp now owns 2,315 shares of the technology company’s stock valued at $347,000 after purchasing an additional 140 shares during the last quarter. Affinity Wealth Management grew its position in shares of Arista Networks by 11.6% in the second quarter. Affinity Wealth Management now owns 2,158 shares of the technology company’s stock valued at $323,000 after purchasing an additional 224 shares during the last quarter. Finally, Financial Architects Inc grew its position in shares of Arista Networks by 17.9% in the second quarter. Financial Architects Inc now owns 1,480 shares of the technology company’s stock valued at $222,000 after purchasing an additional 225 shares during the last quarter. 59.21% of the stock is currently owned by 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.
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