Ita M. Brennan Sells 3,500 Shares of Arista Networks, Inc. (ANET) Stock
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.
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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