Arista Networks, Inc. (NYSE:ANET) SVP Kenneth Duda sold 9,539 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $156.19, for a total value of $1,489,896.41. Following the transaction, the senior vice president now owns 1,202 shares in the company, valued at approximately $187,740.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, May 9th, Kenneth Duda sold 10,507 shares of Arista Networks stock. The stock was sold at an average price of $144.23, for a total value of $1,515,424.61.

Shares of Arista Networks, Inc. (NYSE ANET) traded up 1.35% during trading on Tuesday, reaching $151.78. The company had a trading volume of 630,384 shares. The stock’s 50-day moving average price is $146.04 and its 200-day moving average price is $119.60. Arista Networks, Inc. has a 12 month low of $60.51 and a 12 month high of $158.57. The stock has a market capitalization of $10.93 billion, a PE ratio of 49.02 and a beta of 1.35.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The firm had revenue of $335.48 million during the quarter, compared to analyst estimates of $326.19 million. Arista Networks had a return on equity of 20.94% and a net margin of 18.95%. The firm’s quarterly revenue was up 38.5% on a year-over-year basis. During the same period last year, the company posted $0.68 EPS. Equities analysts forecast that Arista Networks, Inc. will post $3.94 earnings per share for the current fiscal year.

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

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A number of research firms recently issued reports on ANET. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $160.00 price target on shares of Arista Networks in a research note on Monday, June 5th. Wells Fargo & Company restated an “outperform” rating on shares of Arista Networks in a research note on Saturday, June 3rd. CIBC began coverage on Arista Networks in a research note on Monday, June 5th. They set an “outperform” rating and a $160.00 price target on the stock. Needham & Company LLC restated a “buy” rating on shares of Arista Networks in a research note on Saturday, June 3rd. Finally, Zacks Investment Research upgraded Arista Networks from a “hold” rating to a “strong-buy” rating and set a $141.00 price target on the stock in a research note on Wednesday, February 22nd. Fifteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $133.41.

A number of institutional investors have recently modified their holdings of ANET. SG Americas Securities LLC purchased a new position in shares of Arista Networks during the first quarter worth about $164,000. Financial Architects Inc raised its position in shares of Arista Networks by 232.0% in the first quarter. Financial Architects Inc now owns 1,255 shares of the technology company’s stock worth $166,000 after buying an additional 877 shares during the last quarter. Clinton Group Inc. purchased a new position in shares of Arista Networks during the first quarter worth about $205,000. Flinton Capital Management LLC purchased a new position in shares of Arista Networks during the fourth quarter worth about $153,000. Finally, IFP Advisors Inc raised its position in shares of Arista Networks by 16.5% in the first quarter. IFP Advisors Inc now owns 1,697 shares of the technology company’s stock worth $224,000 after buying an additional 240 shares during the last quarter. 60.68% of the stock is 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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