Arista Networks, Inc. (NYSE:ANET) Insider Sells $226,200.72 in Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 584 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $387.33, for a total transaction of $226,200.72. Following the sale, the insider now directly owns 72 shares of the company’s stock, valued at approximately $27,887.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Arista Networks Stock Up 2.0 %

Shares of Arista Networks stock opened at $431.56 on Friday. Arista Networks, Inc. has a 12 month low of $203.19 and a 12 month high of $431.97. The business has a fifty day simple moving average of $379.96 and a 200 day simple moving average of $342.48. The stock has a market cap of $135.57 billion, a PE ratio of 55.97, a price-to-earnings-growth ratio of 3.48 and a beta of 1.08.

Shares of Arista Networks are set to split on the morning of Wednesday, December 4th. The 4-1 split was announced on Thursday, November 7th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, December 3rd.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ANET shares. UBS Group raised their price target on Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. KeyCorp lifted their price target on Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Barclays raised their price objective on shares of Arista Networks from $320.00 to $341.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on shares of Arista Networks from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Citigroup boosted their price objective on shares of Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ANET. Fifth Third Wealth Advisors LLC increased its stake in Arista Networks by 4.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 5,348 shares of the technology company’s stock valued at $2,053,000 after purchasing an additional 226 shares in the last quarter. Legacy Bridge LLC increased its position in shares of Arista Networks by 1.5% in the 3rd quarter. Legacy Bridge LLC now owns 9,231 shares of the technology company’s stock valued at $3,543,000 after buying an additional 140 shares in the last quarter. Meeder Asset Management Inc. raised its stake in Arista Networks by 52.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 183 shares of the technology company’s stock worth $70,000 after buying an additional 63 shares during the period. OneAscent Financial Services LLC acquired a new position in Arista Networks in the third quarter valued at about $412,000. Finally, Caprock Group LLC grew its stake in Arista Networks by 24.8% in the third quarter. Caprock Group LLC now owns 7,429 shares of the technology company’s stock valued at $2,851,000 after acquiring an additional 1,475 shares during the period. 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.