Arista Networks, Inc. (NYSE:ANET) has been assigned a consensus recommendation of “Buy” from the thirty-five research firms that are currently covering the company, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $189.41.

Several research firms recently weighed in on ANET. UBS raised their price objective on Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $190.00 price objective (up from $167.00) on shares of Arista Networks in a research note on Friday, August 4th. J P Morgan Chase & Co raised Arista Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $144.00 to $186.00 in a research note on Friday, August 4th. BidaskClub raised Arista Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 31st. Finally, Argus reaffirmed a “buy” rating on shares of Arista Networks in a research note on Monday, August 7th.

In other news, insider Anshul Sadana sold 12,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $189.95, for a total transaction of $2,279,400.00. Following the sale, the insider now owns 86,788 shares in the company, valued at $16,485,380.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andreas Bechtolsheim sold 132,370 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $240.17, for a total value of $31,791,302.90. Following the sale, the insider now owns 73,102 shares in the company, valued at approximately $17,556,907.34. The disclosure for this sale can be found here. Insiders have sold 495,012 shares of company stock worth $111,544,160 in the last 90 days. Insiders own 28.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Arista Networks during the third quarter worth $130,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 purchasing an additional 126 shares during the last quarter. LS Investment Advisors LLC acquired a new stake in shares of Arista Networks during the second quarter worth $119,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Arista Networks during the third quarter worth $151,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of 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 purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 58.04% of the company’s stock.

Arista Networks (NYSE ANET) traded down $1.09 during midday trading on Thursday, reaching $233.12. The company had a trading volume of 838,388 shares, compared to its average volume of 823,309. Arista Networks has a 12-month low of $87.33 and a 12-month high of $245.65. The stock has a market cap of $17,170.00, a P/E ratio of 58.55, a P/E/G ratio of 2.25 and a beta of 1.31. The company has a quick ratio of 3.07, a current ratio of 3.66 and a debt-to-equity ratio of 0.03.

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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.

Analyst Recommendations for Arista Networks (NYSE:ANET)

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