Insider Selling: Arista Networks, Inc. (ANET) SVP Sells 2,000 Shares of Stock
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.
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.
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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.
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