Arista Networks Inc (NYSE:ANET) SVP Manuel Felix Rivelo sold 303 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $253.11, for a total transaction of $76,692.33. Following the completion of the sale, the senior vice president now directly owns 1,270 shares in the company, valued at $321,449.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Manuel Felix Rivelo also recently made the following trade(s):
- On Monday, March 18th, Manuel Felix Rivelo sold 702 shares of Arista Networks stock. The shares were sold at an average price of $300.00, for a total transaction of $210,600.00.
Shares of NYSE:ANET opened at $257.43 on Friday. Arista Networks Inc has a 12-month low of $187.08 and a 12-month high of $331.27. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 36.41, a price-to-earnings-growth ratio of 1.57 and a beta of 1.47. The company has a current ratio of 5.34, a quick ratio of 4.70 and a debt-to-equity ratio of 0.04.
A number of equities research analysts have recently issued reports on ANET shares. Morgan Stanley upped their target price on shares of Arista Networks from $265.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. ValuEngine raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Thursday, March 21st. Rosenblatt Securities assumed coverage on shares of Arista Networks in a research note on Friday, March 29th. They issued a “neutral” rating and a $330.00 price target on the stock. KeyCorp upped their price target on shares of Arista Networks from $320.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reiterated a “buy” rating and issued a $360.00 price target (up previously from $300.00) on shares of Arista Networks in a research note on Thursday, March 21st. Nine investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $314.13.
Several large investors have recently made changes to their positions in ANET. Vanguard Group Inc grew its position in shares of Arista Networks by 21.1% during the 3rd quarter. Vanguard Group Inc now owns 5,432,205 shares of the technology company’s stock worth $1,444,206,000 after purchasing an additional 946,977 shares in the last quarter. Norges Bank acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $116,281,000. Swedbank acquired a new stake in shares of Arista Networks during the 1st quarter worth approximately $152,582,000. Artisan Partners Limited Partnership acquired a new stake in shares of Arista Networks during the 1st quarter worth approximately $132,213,000. Finally, FMR LLC boosted its position in shares of Arista Networks by 25.1% during the 1st quarter. FMR LLC now owns 1,956,747 shares of the technology company’s stock worth $615,319,000 after acquiring an additional 392,021 shares in the last quarter. Hedge funds and other institutional investors own 58.30% of the company’s stock.
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: Analyst Ratings Trading
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.