Arista Networks, Inc. (ANET) PT Set at $120.00 by Oppenheimer Holdings, Inc.

Arista Networks, Inc. (NYSE:ANET) received a $120.00 target price from research analysts at Oppenheimer Holdings, Inc. in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Oppenheimer Holdings, Inc.’s price objective would suggest a potential upside of 19.80% from the company’s previous close.

Other research analysts have also issued research reports about the company. Instinet lifted their price target on Arista Networks to $125.00 in a research report on Friday. Citigroup Inc. reaffirmed a “buy” rating and set a $91.00 price target on shares of Arista Networks in a research report on Sunday, November 6th. BMO Capital Markets reaffirmed a “buy” rating and set a $93.00 price target on shares of Arista Networks in a research report on Friday, November 4th. Pacific Crest reaffirmed a “buy” rating on shares of Arista Networks in a research report on Friday, November 4th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $89.00 price target on shares of Arista Networks in a research report on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $101.73.

Analyst Recommendations for Arista Networks (NYSE:ANET)

Shares of Arista Networks (NYSE:ANET) traded up 18.3839% on Thursday, hitting $118.5852. The stock had a trading volume of 4,121,301 shares. The stock has a market cap of $8.33 billion, a P/E ratio of 51.2912 and a beta of 1.15. The firm has a 50 day moving average of $96.23 and a 200 day moving average of $87.85. Arista Networks has a 12 month low of $55.00 and a 12 month high of $119.45.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, February 16th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.82 by $0.22. The company had revenue of $328 million for the quarter, compared to analyst estimates of $315.40 million. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. The firm’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, equities analysts forecast that Arista Networks will post $3.09 earnings per share for the current fiscal year.

This piece was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international copyright laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/2401738/arista-networks-inc-anet-pt-set-at-120-00-by-oppenheimer-holdings-inc.html.

In related news, VP Mark Stephen Smith sold 5,000 shares of the company’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $96.96, for a total transaction of $484,800.00. Following the transaction, the vice president now owns 1,620 shares of the company’s stock, valued at $157,075.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anshul Sadana sold 15,000 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $100.34, for a total value of $1,505,100.00. Following the transaction, the insider now directly owns 192,664 shares in the company, valued at approximately $19,331,905.76. The disclosure for this sale can be found here. In the last three months, insiders sold 687,218 shares of company stock worth $67,333,547. Corporate insiders own 32.39% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado raised its position in shares of Arista Networks by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,257 shares of the company’s stock worth $107,000 after buying an additional 5 shares in the last quarter. Legal & General Group Plc raised its position in shares of Arista Networks by 3.5% in the second quarter. Legal & General Group Plc now owns 3,111 shares of the company’s stock worth $200,000 after buying an additional 105 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Arista Networks by 4.3% in the fourth quarter. First Republic Investment Management Inc. now owns 6,065 shares of the company’s stock worth $587,000 after buying an additional 252 shares in the last quarter. BlackRock Inc. raised its position in shares of Arista Networks by 6.4% in the third quarter. BlackRock Inc. now owns 5,626 shares of the company’s stock worth $478,000 after buying an additional 339 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Arista Networks by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 56,743 shares of the company’s stock worth $5,491,000 after buying an additional 350 shares in the last quarter. 54.94% of the stock is currently owned by hedge funds and other institutional investors.

Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches.

5 Day Chart for NYSE:ANET

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Household Debt Closing in on Levels of 2008
Household Debt Closing in on Levels of 2008
Pharmaceuticals Shunning Push by Trump for FDA Shift
Pharmaceuticals Shunning Push by Trump for FDA Shift
Top Official in Italy Says Facebook Must Act on Hate Speech
Top Official in Italy Says Facebook Must Act on Hate Speech
Reckitt Benckiser Paying $16.6 Billion for Mead Johnson
Reckitt Benckiser Paying $16.6 Billion for Mead Johnson
Yum China Beats Expectations in First Earnings Report
Yum China Beats Expectations in First Earnings Report
U.S. Company Leading Race to Buy Airbag Maker Takata
U.S. Company Leading Race to Buy Airbag Maker Takata


Leave a Reply

© 2006-2017 Ticker Report. Google+.