Arista Networks, Inc. (NYSE:ANET) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Arista Networks, Inc. (NYSE:ANET) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $105.83.

ANET has been the subject of a number of research analyst reports. StockNews.com lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. Morgan Stanley lifted their target price on Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. UBS Group lifted their target price on Arista Networks from $92.25 to $106.25 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays decreased their target price on Arista Networks from $495.00 to $125.00 and set an “overweight” rating for the company in a research report on Wednesday, December 4th. Finally, Rosenblatt Securities lifted their price target on Arista Networks from $66.25 to $80.00 and gave the company a “sell” rating in a report on Friday, November 8th.

Arista Networks Stock Down 2.8 %

Shares of NYSE ANET opened at $116.82 on Friday. The business has a fifty day simple moving average of $113.57 and a two-hundred day simple moving average of $100.33. The firm has a market cap of $147.16 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. Arista Networks has a twelve month low of $60.08 and a twelve month high of $133.57.

Insider Buying and Selling

In other Arista Networks news, insider John F. Mccool sold 6,340 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $98.58, for a total transaction of $625,013.05. Following the sale, the insider now owns 288 shares in the company, valued at approximately $28,391.76. The trade was a 95.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jayshree Ullal sold 71,036 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $100.06, for a total value of $7,107,506.98. Following the sale, the chief executive officer now owns 70,724 shares in the company, valued at approximately $7,076,289.82. The trade was a 50.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 335,832 shares of company stock worth $37,787,297 in the last ninety days. 3.54% of the stock is owned by insiders.

Institutional Trading of Arista Networks

Large investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at about $1,572,000. Zions Bancorporation N.A. lifted its holdings in shares of Arista Networks by 300.0% in the 4th quarter. Zions Bancorporation N.A. now owns 1,668 shares of the technology company’s stock valued at $184,000 after buying an additional 1,251 shares during the period. TIAA Trust National Association lifted its holdings in shares of Arista Networks by 302.5% in the 4th quarter. TIAA Trust National Association now owns 168,064 shares of the technology company’s stock valued at $18,576,000 after buying an additional 126,309 shares during the period. FineMark National Bank & Trust lifted its holdings in shares of Arista Networks by 300.0% in the 4th quarter. FineMark National Bank & Trust now owns 12,120 shares of the technology company’s stock valued at $1,340,000 after buying an additional 9,090 shares during the period. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Arista Networks by 308.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 12,216 shares of the technology company’s stock valued at $1,350,000 after buying an additional 9,223 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

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.