Arista Networks Inc (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $131.65, for a total transaction of $263,300.00. Following the transaction, the senior vice president now owns 10,650 shares in the company, valued at $1,402,072.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Marc Taxay also recently made the following trade(s):
- On Wednesday, March 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $120.15, for a total value of $240,300.00.
Arista Networks Inc (NYSE:ANET) traded down 0.15% during mid-day trading on Friday, reaching $136.27. The company’s stock had a trading volume of 257,051 shares. The firm has a market capitalization of $9.68 billion, a price-to-earnings ratio of 54.51 and a beta of 1.15. The firm has a 50-day moving average of $129.58 and a 200 day moving average of $103.00. Arista Networks Inc has a 1-year low of $60.51 and a 1-year high of $137.09.
Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, February 16th. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.22. The firm had revenue of $328 million for the quarter, compared to the consensus estimate of $315.40 million. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. The business’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Equities analysts expect that Arista Networks Inc will post $3.77 earnings per share for the current year.
ANET has been the subject of several recent research reports. Zacks Investment Research downgraded Arista Networks from a “buy” rating to a “hold” rating in a report on Tuesday, January 3rd. Wells Fargo & Co reaffirmed an “outperform” rating on shares of Arista Networks in a report on Tuesday, January 10th. Vetr downgraded Arista Networks from a “strong-buy” rating to a “buy” rating and set a $103.07 price target for the company. in a report on Tuesday, January 24th. Gabelli reaffirmed a “buy” rating on shares of Arista Networks in a report on Sunday, April 2nd. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $142.00 target price (up previously from $120.00) on shares of Arista Networks in a report on Friday, March 17th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $119.68.
A number of institutional investors have recently made changes to their positions in the company. Navellier & Associates Inc acquired a new position in shares of Arista Networks during the first quarter worth $4,465,000. Columbus Circle Investors acquired a new position in shares of Arista Networks during the first quarter worth $42,580,000. Capital Impact Advisors LLC increased its position in shares of Arista Networks by 46.8% in the first quarter. Capital Impact Advisors LLC now owns 10,331 shares of the technology company’s stock worth $1,366,000 after buying an additional 3,295 shares during the period. Private Wealth Partners LLC acquired a new position in shares of Arista Networks during the first quarter worth $972,000. Finally, Telemus Capital LLC acquired a new position in shares of Arista Networks during the first quarter worth $898,000. 54.94% of the stock is currently owned by hedge funds and other institutional investors.
Arista Networks Company Profile
Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.
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