Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal Sells 4,042 Shares

Arista Networks, Inc. (NYSE:ANET - Get Free Report) CEO Jayshree Ullal sold 4,042 shares of the firm's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $299.99, for a total transaction of $1,212,559.58. Following the transaction, the chief executive officer now directly owns 1,628,532 shares of the company's stock, valued at $488,543,314.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jayshree Ullal also recently made the following trade(s):

• On Wednesday, April 3rd, Jayshree Ullal sold 24,000 shares of Arista Networks stock. The stock was sold at an average price of $291.12, for a total value of $6,986,880.00.
• On Monday, April 1st, Jayshree Ullal sold 24,000 shares of Arista Networks stock. The shares were sold at an average price of $292.28, for a total transaction of $7,014,720.00.
• On Wednesday, March 27th, Jayshree Ullal sold 23,000 shares of Arista Networks stock. The shares were sold at an average price of $296.24, for a total value of $6,813,520.00.
• On Monday, March 25th, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The stock was sold at an average price of $301.45, for a total transaction of $6,631,900.00.
• On Friday, March 22nd, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The shares were sold at an average price of $303.00, for a total transaction of $6,666,000.00.
• On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The stock was sold at an average price of $289.06, for a total value of $6,070,260.00.
• On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $282.41, for a total value of $5,648,200.00.
• On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The stock was sold at an average price of $278.81, for a total transaction of $24,373,012.58.
• On Monday, January 29th, Jayshree Ullal sold 980 shares of Arista Networks stock. The shares were sold at an average price of $268.29, for a total transaction of $262,924.20.
• On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The stock was sold at an average price of $268.15, for a total value of $196,553.95.

Arista Networks Price Performance

Shares of Arista Networks stock traded up $8.36 during trading on Thursday, hitting $296.58. 1,500,283 shares of the stock were exchanged, compared to its average volume of 2,389,699. The firm's 50-day moving average price is $281.14 and its 200 day moving average price is $240.95. The stock has a market cap of $92.72 billion, a price-to-earnings ratio of 43.83, a price-to-earnings-growth ratio of 2.57 and a beta of 1.09. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74.

Arista Networks (NYSE:ANET - Get Free Report) last announced its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.38. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $1.25 EPS. Arista Networks's revenue for the quarter was up 20.8% on a year-over-year basis. As a group, research analysts forecast that Arista Networks, Inc. will post 6.63 earnings per share for the current year.

Institutional Trading of Arista Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in shares of Arista Networks by 162.2% during the fourth quarter. Morgan Stanley now owns 5,549,335 shares of the technology company's stock worth $673,412,000 after buying an additional 3,432,952 shares during the period. Norges Bank acquired a new stake in shares of Arista Networks during the fourth quarter worth $308,885,000. FMR LLC grew its position in Arista Networks by 32.2% in the 3rd quarter. FMR LLC now owns 10,318,633 shares of the technology company's stock valued at $1,897,906,000 after buying an additional 2,515,864 shares during the last quarter. Vanguard Group Inc. increased its stake 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 buying an additional 1,596,040 shares during the period. Finally, Schroder Investment Management Group raised its position in 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 worth $231,624,000 after buying an additional 1,025,815 shares during the last quarter. Institutional investors and hedge funds own 82.47% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased 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. KeyCorp increased their target price on shares of Arista Networks from $232.00 to $287.00 and gave the stock an "overweight" rating in a research note on Thursday, January 18th. Piper Sandler boosted their price target on shares of Arista Networks from $254.00 to $268.00 and gave the company a "neutral" rating in a research note on Tuesday, February 13th. Barclays increased their price objective on shares of Arista Networks from $272.00 to $311.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 13th. Finally, The Goldman Sachs Group upped their price target on Arista Networks from $313.00 to $356.00 and gave the stock a "buy" rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $282.65.

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.

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