Arista Networks Inc (NYSE:ANET) insider Anshul Sadana sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $256.25, for a total transaction of $6,150,000.00. Following the completion of the transaction, the insider now directly owns 80,972 shares in the company, valued at approximately $20,749,075. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Arista Networks Inc (NYSE ANET) opened at $270.84 on Friday. Arista Networks Inc has a one year low of $87.54 and a one year high of $271.87. The firm has a market cap of $19,800.00, a P/E ratio of 56.19, a P/E/G ratio of 2.01 and a beta of 1.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66.
Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.04 by $0.33. Arista Networks had a net margin of 25.10% and a return on equity of 24.76%. analysts forecast that Arista Networks Inc will post 4.63 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in ANET. Schwab Charles Investment Management Inc. raised its holdings in Arista Networks by 6.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 119,676 shares of the technology company’s stock worth $17,927,000 after buying an additional 7,361 shares during the period. Comerica Bank raised its holdings in Arista Networks by 22.0% during the 2nd quarter. Comerica Bank now owns 2,282 shares of the technology company’s stock worth $354,000 after buying an additional 411 shares during the period. Prudential Financial Inc. raised its holdings in Arista Networks by 60.2% during the 2nd quarter. Prudential Financial Inc. now owns 4,918 shares of the technology company’s stock worth $737,000 after buying an additional 1,848 shares during the period. Principal Financial Group Inc. raised its holdings in Arista Networks by 13.6% during the 2nd quarter. Principal Financial Group Inc. now owns 9,029 shares of the technology company’s stock worth $1,352,000 after buying an additional 1,084 shares during the period. Finally, Franklin Resources Inc. raised its holdings in Arista Networks by 99.3% during the 2nd quarter. Franklin Resources Inc. now owns 60,200 shares of the technology company’s stock worth $9,017,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 57.96% of the company’s stock.
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About Arista Networks
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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