Arista Networks Inc (NYSE:ANET) SVP Marc Taxay sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $235.58, for a total value of $471,160.00. Following the sale, the senior vice president now directly owns 13,460 shares in the company, valued at $3,170,906.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, December 1st, Marc Taxay sold 2,000 shares of Arista Networks stock. The stock was sold at an average price of $230.09, for a total value of $460,180.00.
  • 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.

Shares of Arista Networks Inc (ANET) traded up $4.57 during trading on Wednesday, reaching $235.60. The company had a trading volume of 558,600 shares, compared to its average volume of 779,428. Arista Networks Inc has a 52-week low of $87.33 and a 52-week high of $245.65. The stock has a market capitalization of $17,220.00, a P/E ratio of 48.88, a price-to-earnings-growth ratio of 1.80 and a beta of 1.38. 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 analysts have commented on the company. Morgan Stanley raised their price objective on Arista Networks from $210.00 to $260.00 and gave the company an “overweight” rating in a report on Thursday, December 21st. Citigroup reissued a “buy” rating and issued a $275.00 price objective on shares of Arista Networks in a report on Monday, December 18th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “buy” rating and issued a $270.00 price objective on shares of Arista Networks in a report on Thursday, December 14th. KeyCorp reissued an “overweight” rating and issued a $240.00 price objective (up from $213.00) on shares of Arista Networks in a report on Thursday, December 14th. Finally, Deutsche Bank reissued a “buy” rating and issued a $250.00 price objective on shares of Arista Networks in a report on Friday, December 1st. Fourteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $200.14.

Institutional investors have recently made changes to their positions in the stock. Hermes Investment Management Ltd. acquired a new stake in Arista Networks during the third quarter worth $7,316,000. Sapphire Star Partners LP increased its stake in Arista Networks by 56.9% during the third quarter. Sapphire Star Partners LP now owns 3,452 shares of the technology company’s stock worth $654,000 after acquiring an additional 1,252 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Arista Networks by 8.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 142,562 shares of the technology company’s stock worth $27,031,000 after acquiring an additional 10,593 shares during the last quarter. Federated Investors Inc. PA acquired a new stake in Arista Networks during the second quarter worth $3,090,000. Finally, Oregon Public Employees Retirement Fund acquired a new stake in Arista Networks during the third quarter worth $2,785,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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