Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 200,268 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $173.37, for a total transaction of $34,720,463.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, August 7th, Jayshree Ullal sold 148,989 shares of Arista Networks stock. The stock was sold at an average price of $173.74, for a total transaction of $25,885,348.86.
  • On Wednesday, July 19th, Jayshree Ullal sold 22,763 shares of Arista Networks stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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.

Arista Networks, Inc. (NYSE:ANET) traded down 2.19% during trading on Tuesday, hitting $169.94. 1,171,770 shares of the stock were exchanged. The stock’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 PE ratio of 54.89 and a beta of 1.33. Arista Networks, Inc. has a 12-month low of $71.84 and a 12-month high of $175.40.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, August 3rd. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.15. Arista Networks had a net margin of 21.74% and a return on equity of 23.86%. The business had revenue of $405.21 million for the quarter, compared to analyst estimates of $361.02 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Arista Networks’s revenue was up 50.8% compared to the same quarter last year. On average, equities analysts expect that Arista Networks, Inc. will post $4.52 EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. LS Investment Advisors LLC bought a new position in shares of Arista Networks during the second quarter worth about $119,000. SG Americas Securities LLC bought 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 period. Daiwa Securities Group Inc. bought a new position in shares of Arista Networks during the second quarter worth about $202,000. Finally, Comerica Bank bought a new position in shares of Arista Networks during the fourth quarter worth about $205,000. 60.84% of the stock is currently owned by institutional investors and hedge funds.

ANET has been the topic of a number of research analyst reports. UBS AG boosted their price objective on shares of Arista Networks from $120.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, May 31st. Argus reissued a “buy” rating on shares of Arista Networks in a report on Monday. William Blair raised shares of Arista Networks from a “market perform” rating to an “outperform” rating in a report on Friday. J P Morgan Chase & Co raised shares of Arista Networks from a “neutral” rating to an “overweight” rating in a report on Friday. Finally, Cowen and Company reissued a “buy” rating and set a $168.00 price objective on shares of Arista Networks in a report on Friday. Sixteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock 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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