Arista Networks, Inc. (ANET) Insider Sells $25,885,348.86 in Stock

Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 148,989 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $173.74, for a total transaction of $25,885,348.86. Following the transaction, the insider now owns 2,576 shares in the company, valued at $447,554.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jayshree Ullal also recently made the following trade(s):

  • On Friday, August 4th, Jayshree Ullal sold 200,268 shares of Arista Networks stock. The shares were sold at an average price of $173.37, for a total transaction of $34,720,463.16.
  • On Wednesday, July 19th, Jayshree Ullal sold 22,763 shares of Arista Networks stock. The shares were sold at an average price of $157.81, for a total transaction of $3,592,229.03.
  • On Tuesday, June 27th, Jayshree Ullal sold 3,604 shares of Arista Networks stock. The stock was sold at an average price of $157.35, for a total transaction of $567,089.40.
  • On Friday, June 23rd, Jayshree Ullal sold 61,325 shares of Arista Networks stock. The shares were sold at an average price of $160.25, for a total value of $9,827,331.25.
  • On Monday, June 26th, Jayshree Ullal sold 55,221 shares of Arista Networks stock. The shares were sold at an average price of $160.22, for a total value of $8,847,508.62.
  • On Thursday, June 22nd, Jayshree Ullal sold 80,064 shares of Arista Networks stock. The shares were sold at an average price of $158.08, for a total transaction of $12,656,517.12.
  • On Tuesday, June 20th, Jayshree Ullal sold 8,001 shares of Arista Networks stock. The shares were sold at an average price of $157.28, for a total transaction of $1,258,397.28.
  • On Friday, June 9th, Jayshree Ullal sold 18,021 shares of Arista Networks stock. The stock was sold at an average price of $157.44, for a total transaction of $2,837,226.24.
  • On Tuesday, June 6th, Jayshree Ullal sold 1,001 shares of Arista Networks stock. The stock was sold at an average price of $157.13, for a total transaction of $157,287.13.
  • On Wednesday, May 31st, Jayshree Ullal sold 34,157 shares of Arista Networks stock. The stock was sold at an average price of $147.35, for a total transaction of $5,033,033.95.

Arista Networks, Inc. (NYSE:ANET) opened at 172.01 on Friday. Arista Networks, Inc. has a 12-month low of $76.01 and a 12-month high of $176.50. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 44.39 and a beta of 1.33. The firm’s 50-day moving average price is $157.54 and its 200-day moving average price is $139.45.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.15. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. The business had revenue of $405.21 million during the quarter, compared to analysts’ expectations of $361.02 million. During the same quarter in the prior year, the business posted $0.74 earnings per share. The business’s quarterly revenue was up 50.8% on a year-over-year basis. On average, equities analysts predict that Arista Networks, Inc. will post $4.69 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Arista Networks, Inc. (ANET) Insider Sells $25,885,348.86 in Stock” was posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/08/19/arista-networks-inc-anet-insider-sells-25885348-86-in-stock-updated.html.

Several analysts have recently commented on the stock. JMP Securities reaffirmed an “outperform” rating and set a $185.00 price objective (up previously from $155.00) on shares of Arista Networks in a research report on Tuesday. William Blair reiterated an “outperform” rating on shares of Arista Networks in a report on Monday, August 14th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $180.00 target price (up from $160.00) on shares of Arista Networks in a report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $145.00 target price (up from $120.00) on shares of Arista Networks in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $165.00 target price (up from $145.00) on shares of Arista Networks in a report on Wednesday, August 9th. Sixteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $154.40.

Several hedge funds have recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. boosted its stake in Arista Networks by 47.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 20,056 shares of the technology company’s stock valued at $2,653,000 after buying an additional 6,411 shares in the last quarter. Navellier & Associates Inc acquired a new stake in Arista Networks during the first quarter valued at about $4,465,000. Columbus Circle Investors acquired a new stake in Arista Networks during the first quarter valued at about $42,580,000. Capital Impact Advisors LLC boosted its stake in Arista Networks by 46.8% in the first quarter. Capital Impact Advisors LLC now owns 10,331 shares of the technology company’s stock valued at $1,366,000 after buying an additional 3,295 shares in the last quarter. Finally, Private Wealth Partners LLC acquired a new stake in Arista Networks during the first quarter valued at about $972,000. Hedge funds and other institutional investors own 60.83% of the company’s stock.

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.

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

What are top analysts saying about Arista Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Arista Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit