Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 148,989 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $173.74, for a total transaction of $25,885,348.86. Following the completion of the transaction, the insider now directly owns 2,576 shares of the company’s stock, valued at approximately $447,554.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Friday, August 4th, Jayshree Ullal sold 200,268 shares of Arista Networks stock. The shares were sold at an average price of $173.37, for a total transaction of $34,720,463.16.
  • On Wednesday, July 19th, Jayshree Ullal sold 22,763 shares of Arista Networks stock. The shares were sold at an average price of $157.81, for a total transaction of $3,592,229.03.
  • 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 stock was 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 stock was 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 stock was sold at an average price of $147.35, for a total transaction of $5,033,033.95.

Shares of Arista Networks, Inc. (NYSE ANET) traded down 2.19% on Tuesday, hitting $169.94. 1,171,770 shares of the stock were exchanged. The firm’s 50 day moving average price is $153.51 and its 200 day moving average price is $133.84. The firm has a market cap of $12.24 billion, a price-to-earnings ratio of 54.89 and a beta of 1.33. Arista Networks, Inc. has a one year low of $71.84 and a one year high of $175.40.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.15. The firm had revenue of $405.21 million for the quarter, compared to analyst estimates of $361.02 million. Arista Networks had a net margin of 21.74% and a return on equity of 23.86%. The company’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 earnings per share. Equities analysts anticipate that Arista Networks, Inc. will post $4.52 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. LS Investment Advisors LLC purchased a new position in Arista Networks during the second quarter worth approximately $119,000. SG Americas Securities LLC purchased a new position in Arista Networks during the first quarter worth approximately $164,000. Financial Architects Inc raised its position in 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 in the last quarter. Daiwa Securities Group Inc. purchased a new position in Arista Networks during the second quarter worth approximately $202,000. Finally, Parametrica Management Ltd purchased a new position in Arista Networks during the second quarter worth approximately $229,000. 60.84% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on ANET. Cowen and Company lifted their price objective on shares of Arista Networks from $123.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. UBS AG lifted their price objective on shares of Arista Networks from $120.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 31st. William Blair raised shares of Arista Networks from a “market perform” rating to an “outperform” rating in a research report on Friday. BMO Capital Markets lifted their price objective on shares of Arista Networks from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. Finally, Gabelli reaffirmed a “hold” rating on shares of Arista Networks in a research report on Friday, April 14th. Sixteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $149.71.

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.

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

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