Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 22,763 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $157.81, for a total transaction of $3,592,229.03. Following the completion of the sale, the insider now owns 2,576 shares of the company’s stock, valued at approximately $406,518.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, June 27th, Jayshree Ullal sold 3,604 shares of Arista Networks stock. The shares were sold at an average price of $157.35, for a total transaction of $567,089.40.
  • On Friday, June 23rd, Jayshree Ullal sold 61,325 shares of Arista Networks stock. The shares were sold at an average price of $160.25, for a total transaction of $9,827,331.25.
  • On Monday, June 26th, Jayshree Ullal sold 55,221 shares of Arista Networks stock. The shares were sold at an average price of $160.22, for a total transaction of $8,847,508.62.
  • On Thursday, June 22nd, Jayshree Ullal sold 80,064 shares of Arista Networks stock. The shares were sold at an average price of $158.08, for a total transaction of $12,656,517.12.
  • On Tuesday, June 20th, Jayshree Ullal sold 8,001 shares of Arista Networks stock. The shares were sold at an average price of $157.28, for a total transaction of $1,258,397.28.
  • On Friday, June 9th, Jayshree Ullal sold 18,021 shares of Arista Networks stock. The shares were sold at an average price of $157.44, for a total transaction of $2,837,226.24.
  • On Tuesday, June 6th, Jayshree Ullal sold 1,001 shares of Arista Networks stock. The shares were sold at an average price of $157.13, for a total transaction of $157,287.13.
  • On Wednesday, May 31st, Jayshree Ullal sold 34,157 shares of Arista Networks stock. The shares were sold at an average price of $147.35, for a total transaction of $5,033,033.95.
  • On Friday, May 26th, Jayshree Ullal sold 59,186 shares of Arista Networks stock. The shares were sold at an average price of $147.68, for a total transaction of $8,740,588.48.
  • On Tuesday, May 16th, Jayshree Ullal sold 52,033 shares of Arista Networks stock. The shares were sold at an average price of $147.40, for a total transaction of $7,669,664.20.

Arista Networks, Inc. (NYSE ANET) traded down 2.47% during mid-day trading on Friday, reaching $152.92. 1,181,292 shares of the company were exchanged. Arista Networks, Inc. has a 12 month low of $68.75 and a 12 month high of $162.97. The company has a market cap of $11.01 billion, a P/E ratio of 49.39 and a beta of 1.35. The stock’s 50-day moving average is $153.36 and its 200-day moving average is $130.11.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The business 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 revenue was up 38.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.68 EPS. Equities analysts expect that Arista Networks, Inc. will post $3.96 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Jayshree Ullal Sells 22,763 Shares of Arista Networks, Inc. (NYSE:ANET) Stock” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/07/21/jayshree-ullal-sells-22763-shares-of-arista-networks-inc-nyseanet-stock.html.

A number of large investors have recently bought and sold shares of the company. Comerica Bank bought a new stake in Arista Networks during the fourth quarter valued at $205,000. Swiss National Bank raised its stake in Arista Networks by 0.9% in the first quarter. Swiss National Bank now owns 75,200 shares of the technology company’s stock valued at $9,947,000 after buying an additional 700 shares during the period. California Public Employees Retirement System raised its stake in Arista Networks by 154.9% in the first quarter. California Public Employees Retirement System now owns 90,500 shares of the technology company’s stock valued at $11,970,000 after buying an additional 55,000 shares during the period. Columbus Circle Investors bought a new stake in Arista Networks during the first quarter valued at $42,580,000. Finally, AQR Capital Management LLC raised its stake in Arista Networks by 32.0% in the fourth quarter. AQR Capital Management LLC now owns 34,331 shares of the technology company’s stock valued at $3,322,000 after buying an additional 8,318 shares during the period. Hedge funds and other institutional investors own 60.61% of the company’s stock.

ANET has been the topic of several recent research reports. Deutsche Bank AG boosted their price objective on shares of Arista Networks from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 23rd. Citigroup Inc. boosted their price objective on shares of Arista Networks from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, March 24th. Goldman Sachs Group, Inc. (The) raised shares of Arista Networks from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $68.00 to $125.00 in a research note on Monday, March 27th. Gabelli reissued a “buy” rating on shares of Arista Networks in a research note on Sunday, April 2nd. Finally, Stifel Nicolaus cut shares of Arista Networks from a “buy” rating to a “hold” rating and boosted their price objective for the company from $130.00 to $135.00 in a research note on Monday, April 3rd. They noted that the move was a valuation call. Sixteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $140.00.

About Arista Networks

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.

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

Receive News & Ratings for Arista Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.