Arista Networks Inc (NYSE:ANET) Insider Jayshree Ullal Sells 20,000 Shares

Arista Networks Inc (NYSE:ANET) insider Jayshree Ullal sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $329.03, for a total transaction of $6,580,600.00. Following the completion of the sale, the insider now directly owns 10,425 shares of the company’s stock, valued at $3,430,137.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Monday, April 1st, Jayshree Ullal sold 16,000 shares of Arista Networks stock. The stock was sold at an average price of $318.09, for a total value of $5,089,440.00.
  • On Thursday, March 21st, Jayshree Ullal sold 12,000 shares of Arista Networks stock. The shares were sold at an average price of $313.44, for a total transaction of $3,761,280.00.
  • On Monday, March 18th, Jayshree Ullal sold 27,250 shares of Arista Networks stock. The shares were sold at an average price of $299.55, for a total transaction of $8,162,737.50.
  • On Friday, March 15th, Jayshree Ullal sold 198 shares of Arista Networks stock. The shares were sold at an average price of $292.97, for a total value of $58,008.06.
  • On Wednesday, March 13th, Jayshree Ullal sold 2,502 shares of Arista Networks stock. The shares were sold at an average price of $292.83, for a total value of $732,660.66.
  • On Friday, March 1st, Jayshree Ullal sold 32,394 shares of Arista Networks stock. The stock was sold at an average price of $286.58, for a total transaction of $9,283,472.52.
  • On Monday, March 4th, Jayshree Ullal sold 33,498 shares of Arista Networks stock. The stock was sold at an average price of $286.65, for a total transaction of $9,602,201.70.

Shares of NYSE ANET traded down $5.78 during midday trading on Friday, reaching $261.65. 23,827 shares of the company were exchanged, compared to its average volume of 930,580. The stock has a market cap of $20.34 billion, a PE ratio of 36.92, a PEG ratio of 1.68 and a beta of 1.47. Arista Networks Inc has a one year low of $187.08 and a one year high of $331.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.70 and a current ratio of 5.34.

Arista Networks (NYSE:ANET) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $2.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.07 by $0.24. Arista Networks had a return on equity of 29.36% and a net margin of 30.36%. The company had revenue of $595.42 million for the quarter, compared to analysts’ expectations of $595.21 million. During the same period in the previous year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. As a group, sell-side analysts predict that Arista Networks Inc will post 8.24 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of ANET. Larson Financial Group LLC bought a new position in Arista Networks in the fourth quarter worth approximately $25,000. FTB Advisors Inc. bought a new position in Arista Networks during the 4th quarter valued at $26,000. Lenox Wealth Management Inc. bought a new position in Arista Networks during the 1st quarter valued at $26,000. Kaizen Advisory LLC bought a new position in shares of Arista Networks during the fourth quarter valued at about $27,000. Finally, CENTRAL TRUST Co lifted its position in shares of Arista Networks by 53.3% during the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock valued at $29,000 after purchasing an additional 49 shares in the last quarter. 56.51% of the stock is currently owned by institutional investors and hedge funds.

ANET has been the topic of several analyst reports. MKM Partners upped their target price on Arista Networks to $295.00 and gave the stock a “neutral” rating in a report on Monday. Wolfe Research raised shares of Arista Networks from an “underperform” rating to a “peer perform” rating in a report on Monday. Macquarie set a $325.00 price objective on Arista Networks and gave the company a “buy” rating in a research note on Friday, May 3rd. ValuEngine lowered Arista Networks from a “buy” rating to a “hold” rating in a research note on Saturday, May 4th. Finally, Stifel Nicolaus dropped their price target on Arista Networks from $294.00 to $287.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Nine research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $314.13.

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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.

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

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