Kenneth Duda Sells 11,000 Shares of Arista Networks Inc (ANET) Stock

Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 11,000 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $229.04, for a total value of $2,519,440.00. Following the completion of the transaction, the senior vice president now directly owns 3,483 shares in the company, valued at approximately $797,746.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kenneth Duda also recently made the following trade(s):

  • On Thursday, January 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The shares were sold at an average price of $217.41, for a total value of $2,391,510.00.
  • On Monday, December 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The shares were sold at an average price of $227.83, for a total value of $2,506,130.00.

Shares of ANET opened at $236.40 on Thursday. The company has a quick ratio of 4.11, a current ratio of 4.51 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a one year low of $187.08 and a one year high of $313.37. The stock has a market capitalization of $18.10 billion, a price-to-earnings ratio of 50.84, a P/E/G ratio of 1.35 and a beta of 1.40.

Institutional investors and hedge funds have recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in Arista Networks in the fourth quarter worth about $25,000. FTB Advisors Inc. purchased a new stake in Arista Networks in the fourth quarter worth about $26,000. CENTRAL TRUST Co lifted its holdings in Arista Networks by 53.3% in the fourth quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock worth $29,000 after buying an additional 49 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Arista Networks in the fourth quarter worth about $39,000. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in Arista Networks in the fourth quarter worth about $47,000. Institutional investors and hedge funds own 60.35% of the company’s stock.

ANET has been the topic of a number of recent research reports. Citigroup raised their price objective on Arista Networks from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 2nd. Credit Suisse Group set a $315.00 price objective on Arista Networks and gave the company a “buy” rating in a research note on Friday, November 2nd. Stifel Nicolaus set a $275.00 price objective on Arista Networks and gave the company a “buy” rating in a research note on Friday, November 2nd. Piper Jaffray Companies set a $320.00 price objective on Arista Networks and gave the company a “buy” rating in a research note on Friday, November 2nd. Finally, Bank of America raised Arista Networks from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Thursday, December 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $291.06.

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Arista Networks Company Profile

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its 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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