Arista Networks, Inc. (NYSE:ANET) insider Anshul Sadana sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $189.95, for a total transaction of $2,279,400.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Arista Networks, Inc. (ANET) traded down 0.35% on Wednesday, hitting $189.94. 288,721 shares of the stock traded hands. The firm has a market capitalization of $13.78 billion, a PE ratio of 49.02 and a beta of 1.31. The firm’s 50 day moving average is $183.03 and its 200 day moving average is $158.33. Arista Networks, Inc. has a 52 week low of $79.05 and a 52 week high of $196.27.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.10 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 22.64%. 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. The firm’s revenue for the quarter was up 50.8% on a year-over-year basis. On average, analysts expect that Arista Networks, Inc. will post $4.71 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Arista Networks, Inc. (ANET) Insider Sells $2,279,400.00 in Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/10/18/arista-networks-inc-anet-insider-sells-2279400-00-in-stock.html.

A number of hedge funds and other institutional investors have recently bought and sold shares of ANET. PNC Financial Services Group Inc. raised its position in Arista Networks by 20.5% during the second quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock worth $111,000 after acquiring an additional 126 shares in the last quarter. LS Investment Advisors LLC bought a new stake in Arista Networks during the second quarter worth $119,000. D.A. Davidson & CO. raised its position in Arista Networks by 3.2% during the second quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after acquiring an additional 30 shares in the last quarter. SG Americas Securities LLC bought a new stake in Arista Networks during the first quarter worth $164,000. Finally, Daiwa Securities Group Inc. bought a new stake in Arista Networks during the second quarter worth $202,000. 59.33% of the stock is currently owned by hedge funds and other institutional investors.

ANET has been the subject of a number of research reports. Deutsche Bank AG restated a “buy” rating and set a $210.00 target price (up from $185.00) on shares of Arista Networks in a report on Monday, October 9th. BidaskClub upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 23rd. Zacks Investment Research downgraded shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Needham & Company LLC restated a “buy” rating and issued a $175.00 price target on shares of Arista Networks in a research report on Tuesday, September 12th. Finally, BMO Capital Markets downgraded shares of Arista Networks from an “outperform” rating to a “market perform” rating and set a $190.00 price target for the company. in a research report on Thursday, September 28th. They noted that the move was a valuation call. Fifteen research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $166.49.

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.