Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction on Friday, December 1st. The shares were sold at an average price of $230.09, for a total value of $460,180.00. Following the completion of the sale, the senior vice president now directly owns 12,335 shares of the company’s stock, valued at approximately $2,838,160.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Marc Taxay also recently made the following trade(s):

  • On Tuesday, November 7th, Marc Taxay sold 7,000 shares of Arista Networks stock. The shares were sold at an average price of $211.39, for a total value of $1,479,730.00.
  • On Monday, October 2nd, Marc Taxay sold 2,000 shares of Arista Networks stock. The shares were sold at an average price of $190.47, for a total value of $380,940.00.

Shares of Arista Networks, Inc. (NYSE ANET) traded up $1.57 on Tuesday, hitting $211.05. The company’s stock had a trading volume of 1,272,067 shares, compared to its average volume of 834,106. The firm has a market capitalization of $16,714.46, a PE ratio of 54.96, a PEG ratio of 2.08 and a beta of 1.38. Arista Networks, Inc. has a 12 month low of $87.33 and a 12 month high of $245.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66.

A number of equities research analysts have recently commented on ANET shares. Instinet lifted their price objective on Arista Networks from $135.00 to $173.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Argus reaffirmed a “buy” rating on shares of Arista Networks in a research report on Monday, August 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $165.00 price objective (up previously from $145.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Jefferies Group reaffirmed a “hold” rating and issued a $145.00 price objective (up previously from $120.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $180.00 price objective (up previously from $160.00) on shares of Arista Networks in a research report on Wednesday, August 9th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $192.55.

Several institutional investors and hedge funds have recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new position in shares of Arista Networks during the third quarter worth about $1,146,000. Public Employees Retirement System of Ohio lifted its stake in shares of Arista Networks by 43.8% during the third quarter. Public Employees Retirement System of Ohio now owns 31,802 shares of the technology company’s stock worth $6,030,000 after purchasing an additional 9,681 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in shares of Arista Networks during the third quarter worth about $130,000. Neuberger Berman Group LLC acquired a new position in shares of Arista Networks during the third quarter worth about $5,351,000. Finally, California Public Employees Retirement System lifted its stake in shares of Arista Networks by 6.9% during the third quarter. California Public Employees Retirement System now owns 98,175 shares of the technology company’s stock worth $18,615,000 after purchasing an additional 6,375 shares in the last quarter. Institutional investors own 58.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and reposted in violation of United States & international trademark and copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/05/insider-selling-arista-networks-inc-anet-svp-sells-2000-shares-of-stock.html.

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)

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.