Arista Networks Inc (ANET) Insider John F. Mccool Sells 574 Shares

Share on StockTwits

Arista Networks Inc (NYSE:ANET) insider John F. Mccool sold 574 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $253.19, for a total value of $145,331.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Arista Networks stock traded up $0.19 during trading on Wednesday, hitting $253.14. The stock had a trading volume of 777,508 shares, compared to its average volume of 948,346. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 1.55 and a beta of 1.47. The company has a quick ratio of 4.70, a current ratio of 5.34 and a debt-to-equity ratio of 0.04. Arista Networks Inc has a fifty-two week low of $187.08 and a fifty-two week high of $331.27.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, May 2nd. The technology company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.24. The company had revenue of $595.42 million for the quarter, compared to analyst estimates of $595.21 million. Arista Networks had a return on equity of 29.36% and a net margin of 30.36%. Arista Networks’s revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 earnings per share. Analysts anticipate that Arista Networks Inc will post 8.43 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. ValuEngine lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. Zacks Investment Research lowered Arista Networks from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 16th. MKM Partners boosted their price target on Arista Networks to $295.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Stifel Nicolaus reduced their price target on Arista Networks from $294.00 to $287.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, KeyCorp boosted their price target on Arista Networks from $320.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $314.13.

Several institutional investors have recently made changes to their positions in the company. Cigna Investments Inc. New raised its position in shares of Arista Networks by 2.4% during the first quarter. Cigna Investments Inc. New now owns 1,675 shares of the technology company’s stock worth $528,000 after purchasing an additional 40 shares during the period. IHT Wealth Management LLC raised its position in shares of Arista Networks by 4.2% during the first quarter. IHT Wealth Management LLC now owns 1,258 shares of the technology company’s stock worth $396,000 after purchasing an additional 51 shares during the period. CENTRAL TRUST Co raised its position in shares of Arista Networks by 42.6% during the first quarter. CENTRAL TRUST Co now owns 201 shares of the technology company’s stock worth $63,000 after purchasing an additional 60 shares during the period. Montag & Caldwell LLC raised its position in shares of Arista Networks by 4.5% during the first quarter. Montag & Caldwell LLC now owns 1,410 shares of the technology company’s stock worth $443,000 after purchasing an additional 61 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Arista Networks by 46.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the technology company’s stock worth $61,000 after purchasing an additional 61 shares during the period. 57.15% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4349621/arista-networks-inc-anet-insider-john-f-mccool-sells-574-shares.html.

Arista Networks Company Profile

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Further Reading: Are all No-Load Funds Equal?

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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



Latest News

Hurco Companies, Inc.  Plans $0.12 Quarterly Dividend
Hurco Companies, Inc. Plans $0.12 Quarterly Dividend
China Yuchai International Limited  to Issue Annual Dividend of $0.85
China Yuchai International Limited to Issue Annual Dividend of $0.85
Aberdeen Smaller Coms High Incm Trst PLC  To Go Ex-Dividend on July 4th
Aberdeen Smaller Coms High Incm Trst PLC To Go Ex-Dividend on July 4th
Porvair plc Plans Dividend of GBX 1.70
Porvair plc Plans Dividend of GBX 1.70
Polar Capital Holdings plc  To Go Ex-Dividend on July 4th
Polar Capital Holdings plc To Go Ex-Dividend on July 4th
Bank of Nova Scotia  to Issue Quarterly Dividend of $0.87 on  July 29th
Bank of Nova Scotia to Issue Quarterly Dividend of $0.87 on July 29th


© 2006-2019 Ticker Report