Arista Networks, Inc. (NYSE:ANET) Insider John F. Mccool Sells 112 Shares

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 112 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $102.11, for a total value of $11,436.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Arista Networks Price Performance

Shares of NYSE ANET opened at $98.31 on Friday. The stock has a market capitalization of $123.84 billion, a PE ratio of 44.28, a P/E/G ratio of 2.79 and a beta of 1.09. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.57. The business has a fifty day moving average price of $113.66 and a two-hundred day moving average price of $101.70.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. On average, equities analysts expect that Arista Networks, Inc. will post 2.18 EPS for the current year.

Institutional Investors Weigh In On Arista Networks

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC grew its position in Arista Networks by 5.0% in the third quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock valued at $251,000 after acquiring an additional 31 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Arista Networks by 5.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,917 shares of the technology company’s stock valued at $2,271,000 after purchasing an additional 316 shares during the last quarter. Waldron Private Wealth LLC acquired a new stake in Arista Networks in the third quarter valued at approximately $203,000. Private Advisor Group LLC grew its stake in shares of Arista Networks by 14.4% during the third quarter. Private Advisor Group LLC now owns 14,868 shares of the technology company’s stock worth $5,706,000 after buying an additional 1,867 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Arista Networks by 39,841.1% during the third quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock worth $3,358,850,000 after buying an additional 872,919 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ANET has been the topic of a number of research reports. Citigroup boosted their price objective on shares of Arista Networks from $115.00 to $121.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. The Goldman Sachs Group upped their target price on Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley raised their price target on Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, UBS Group raised their target price on shares of Arista Networks from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Arista Networks presently has a consensus 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.