Arista Networks, Inc. (NYSE:ANET) insider Ita M. Brennan sold 3,500 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $229.97, for a total transaction of $804,895.00. Following the sale, the insider now owns 17,677 shares in the company, valued at $4,065,179.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Arista Networks, Inc. (NYSE ANET) traded up $1.57 during trading on Tuesday, reaching $211.05. 1,272,067 shares of the company were exchanged, compared to its average volume of 834,106. The company has a market capitalization of $16,714.46, a P/E ratio of 54.96, a P/E/G ratio of 2.08 and a beta of 1.38. Arista Networks, Inc. has a 1-year low of $87.33 and a 1-year high of $245.65. The company has a current ratio of 3.66, a quick ratio of 3.07 and a debt-to-equity ratio of 0.03.

A number of institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in shares of Arista Networks in the 3rd quarter valued at about $1,146,000. Public Employees Retirement System of Ohio grew its position in shares of Arista Networks by 43.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 31,802 shares of the technology company’s stock valued at $6,030,000 after acquiring an additional 9,681 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of Arista Networks in the 3rd quarter valued at about $130,000. Neuberger Berman Group LLC bought a new position in shares of Arista Networks in the 3rd quarter valued at about $5,351,000. Finally, California Public Employees Retirement System grew its position in shares of Arista Networks by 6.9% in the 3rd quarter. California Public Employees Retirement System now owns 98,175 shares of the technology company’s stock valued at $18,615,000 after acquiring an additional 6,375 shares during the period. 58.20% of the stock is owned by institutional investors and hedge funds.

ANET has been the topic of a number of research analyst reports. JMP Securities raised their price objective on shares of Arista Networks from $185.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, October 26th. Deutsche Bank restated a “buy” rating and set a $210.00 price objective (up from $185.00) on shares of Arista Networks in a report on Monday, October 9th. BMO Capital Markets raised their price objective on shares of Arista Networks from $190.00 to $205.00 and gave the stock a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. BidaskClub upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Finally, Royal Bank Of Canada upgraded shares of Arista Networks from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 8th. Sixteen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $192.55.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/05/ita-m-brennan-sells-3500-shares-of-arista-networks-inc-anet-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.