Arista Networks, Inc. (NYSE:ANET) Insider John F. Mccool Sells 416 Shares

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 416 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $254.54, for a total transaction of $105,888.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Arista Networks Stock Up 4.8 %

NYSE:ANET opened at $274.38 on Friday. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74. The stock’s 50 day moving average price is $278.94 and its two-hundred day moving average price is $248.71. The firm has a market capitalization of $86.05 billion, a price-to-earnings ratio of 41.76, a P/E/G ratio of 2.18 and a beta of 1.13.

Arista Networks (NYSE:ANET) last announced its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.70 by $0.38. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. Arista Networks’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Equities research analysts expect that Arista Networks, Inc. will post 6.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Arista Networks by 32.2% during the third quarter. FMR LLC now owns 10,318,633 shares of the technology company’s stock worth $1,897,906,000 after purchasing an additional 2,515,864 shares during the period. Norges Bank bought a new position in Arista Networks during the 4th quarter worth $586,051,000. Vanguard Group Inc. raised its holdings in Arista Networks by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 29,494,876 shares of the technology company’s stock valued at $6,946,338,000 after acquiring an additional 1,596,040 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Arista Networks by 439.3% during the 3rd quarter. Schroder Investment Management Group now owns 1,259,305 shares of the technology company’s stock valued at $231,624,000 after acquiring an additional 1,025,815 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of Arista Networks by 25,188.0% during the 4th quarter. International Assets Investment Management LLC now owns 613,739 shares of the technology company’s stock worth $1,445,420,000 after purchasing an additional 611,312 shares in the last quarter. Institutional investors own 82.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Arista Networks from $225.00 to $310.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Piper Sandler upped their price target on Arista Networks from $254.00 to $268.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 13th. Jefferies Financial Group upgraded shares of Arista Networks from a “hold” rating to a “buy” rating and lifted their price objective for the company from $240.00 to $320.00 in a report on Friday. Rosenblatt Securities restated a “sell” rating and set a $210.00 target price on shares of Arista Networks in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Arista Networks from $297.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $285.53.

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.