Arista Networks, Inc. (ANET) SVP Sells $380,940.00 in Stock
Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $190.47, for a total value of $380,940.00. Following the completion of the sale, the senior vice president now owns 13,002 shares of the company’s stock, valued at $2,476,490.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Marc Taxay also recently made the following trade(s):
- On Friday, September 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $176.09, for a total value of $352,180.00.
- On Tuesday, August 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $150.43, for a total value of $300,860.00.
Shares of Arista Networks, Inc. (NYSE:ANET) traded down 0.53% during mid-day trading on Tuesday, hitting $189.42. The company’s stock had a trading volume of 314,928 shares. Arista Networks, Inc. has a 52-week low of $78.82 and a 52-week high of $193.24. The stock’s 50 day moving average price is $178.41 and its 200 day moving average price is $154.81. The company has a market cap of $13.74 billion, a price-to-earnings ratio of 48.88 and a beta of 1.31.
Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.15. The company had revenue of $405.21 million during the quarter, compared to analysts’ expectations of $361.02 million. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. Arista Networks’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities analysts forecast that Arista Networks, Inc. will post $4.70 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Arista Networks, Inc. (ANET) SVP Sells $380,940.00 in Stock” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/03/arista-networks-inc-anet-svp-sells-380940-00-in-stock.html.
A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Arista Networks by 20.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock valued at $111,000 after purchasing an additional 126 shares during the period. LS Investment Advisors LLC purchased a new stake in shares of Arista Networks during the 2nd quarter valued at about $119,000. D.A. Davidson & CO. increased its position in shares of Arista Networks by 3.2% during the 2nd quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock valued at $147,000 after purchasing an additional 30 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Arista Networks during the 1st quarter valued at about $164,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Arista Networks in the 2nd quarter worth approximately $202,000. 59.34% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on ANET shares. William Blair upgraded Arista Networks from a “market perform” rating to an “outperform” rating in a report on Friday, August 4th. Wells Fargo & Company restated an “outperform” rating on shares of Arista Networks in a report on Tuesday, July 4th. Barclays PLC boosted their price objective on Arista Networks from $161.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, June 15th. Argus reaffirmed a “buy” rating on shares of Arista Networks in a research report on Monday, August 7th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $180.00 target price (up from $160.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Fifteen research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Arista Networks currently has a consensus rating of “Buy” and an average target price of $164.14.
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.
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.