Arista Networks, Inc. (NYSE:ANET) Director Yvonne Wassenaar Sells 168 Shares

Arista Networks, Inc. (NYSE:ANET) Director Yvonne Wassenaar sold 168 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $102.58, for a total transaction of $17,233.44. Following the sale, the director now directly owns 14,104 shares of the company’s stock, valued at $1,446,788.32. This trade represents a 1.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, January 21st, Yvonne Wassenaar sold 168 shares of Arista Networks stock. The shares were sold at an average price of $121.02, for a total transaction of $20,331.36.

Arista Networks Stock Performance

ANET opened at $92.85 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.57. The firm’s fifty day moving average is $112.78 and its 200 day moving average is $102.13. The stock has a market cap of $117.10 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. On average, equities research analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Institutional Trading of Arista Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stock Yards Bank & Trust Co. bought a new stake in Arista Networks in the 4th quarter valued at $242,000. GHE LLC increased its holdings in shares of Arista Networks by 319.0% in the 4th quarter. GHE LLC now owns 28,368 shares of the technology company’s stock worth $3,136,000 after buying an additional 21,597 shares during the last quarter. Colonial River Investments LLC increased its holdings in shares of Arista Networks by 327.6% in the 4th quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock worth $1,077,000 after buying an additional 7,466 shares during the last quarter. Silver Oak Securities Incorporated boosted its stake in shares of Arista Networks by 395.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock worth $2,072,000 after purchasing an additional 14,843 shares during the period. Finally, Proactive Wealth Strategies LLC boosted its stake in shares of Arista Networks by 387.6% during the 4th quarter. Proactive Wealth Strategies LLC now owns 6,120 shares of the technology company’s stock worth $676,000 after purchasing an additional 4,865 shares during the period. 82.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Evercore ISI raised their target price on shares of Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Rosenblatt Securities restated a “sell” rating and issued a $80.00 target price on shares of Arista Networks in a report on Tuesday, February 18th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Arista Networks in a report on Wednesday, February 19th. Finally, StockNews.com cut shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.79.

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.