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

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

Arista Networks Price Performance

Shares of ANET traded up $12.52 during midday trading on Friday, reaching $274.38. The stock had a trading volume of 2,883,165 shares, compared to its average volume of 2,455,522. The company has a market cap of $86.05 billion, a price-to-earnings ratio of 41.76, a PEG ratio of 2.18 and a beta of 1.13. The company's fifty day simple moving average is $278.94 and its two-hundred day simple moving average is $248.71. Arista Networks, Inc. has a 1-year low of $131.68 and a 1-year high of $307.74.

Arista Networks (NYSE:ANET - Get Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the prior year, the firm earned $1.25 EPS. The business's revenue was up 20.8% on a year-over-year basis. On average, sell-side analysts forecast that Arista Networks, Inc. will post 6.7 earnings per share for the current year.

Institutional Investors Weigh In On Arista Networks

Large investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Arista Networks by 41.2% during the third quarter. Commonwealth Equity Services LLC now owns 90,691 shares of the technology company's stock worth $16,681,000 after acquiring an additional 26,472 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Arista Networks by 25.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 41,569 shares of the technology company's stock valued at $7,646,000 after buying an additional 8,478 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Arista Networks during the 3rd quarter valued at $208,000. Raymond James & Associates lifted its position in shares of Arista Networks by 0.3% in the third quarter. Raymond James & Associates now owns 158,390 shares of the technology company's stock worth $29,133,000 after buying an additional 397 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of Arista Networks by 16.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,642 shares of the technology company's stock valued at $3,981,000 after acquiring an additional 3,005 shares during the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Arista Networks in a report on Tuesday, February 13th. Rosenblatt Securities reissued a "sell" rating and issued a $210.00 price objective on shares of Arista Networks in a research note on Friday, April 12th. Oppenheimer reissued a "market perform" rating on shares of Arista Networks in a research note on Tuesday, February 13th. KeyCorp upped their target price on Arista Networks from $232.00 to $287.00 and gave the company an "overweight" rating in a report on Thursday, January 18th. Finally, JPMorgan Chase & Co. boosted their target price 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has an average 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.

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