Kenneth Duda Sells 11,000 Shares of Arista Networks Inc (ANET) Stock

Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 11,000 shares of the business’s stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $229.24, for a total transaction of $2,521,640.00. Following the completion of the transaction, the senior vice president now owns 2,664 shares in the company, valued at approximately $610,695.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Kenneth Duda also recently made the following trade(s):

  • On Monday, September 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The shares were sold at an average price of $267.49, for a total transaction of $2,942,390.00.
  • On Friday, August 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The shares were sold at an average price of $268.73, for a total transaction of $2,956,030.00.

ANET traded up $6.91 during midday trading on Friday, reaching $222.37. The company’s stock had a trading volume of 1,479,800 shares, compared to its average volume of 1,102,066. The stock has a market cap of $19.89 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.87 and a current ratio of 3.17. Arista Networks Inc has a 1 year low of $177.92 and a 1 year high of $313.37.

Arista Networks (NYSE:ANET) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.50 by $0.43. The business had revenue of $519.85 million for the quarter, compared to analysts’ expectations of $509.62 million. Arista Networks had a net margin of 28.07% and a return on equity of 28.51%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.34 earnings per share. Equities research analysts predict that Arista Networks Inc will post 6.43 EPS for the current year.

ANET has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Arista Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Morgan Stanley cut shares of Arista Networks from an “overweight” rating to an “equal weight” rating and set a $310.00 price objective on the stock. in a research report on Tuesday, September 4th. William Blair restated an “outperform” rating on shares of Arista Networks in a research report on Monday, September 17th. Goldman Sachs Group cut shares of Arista Networks from a “conviction-buy” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, Berenberg Bank set a $350.00 price target on shares of Arista Networks and gave the company a “buy” rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $287.41.

A number of institutional investors and hedge funds have recently made changes to their positions in ANET. HRT Financial LLC bought a new position in shares of Arista Networks in the second quarter worth approximately $252,000. NorthCoast Asset Management LLC lifted its stake in shares of Arista Networks by 377.6% in the second quarter. NorthCoast Asset Management LLC now owns 73,853 shares of the technology company’s stock worth $19,016,000 after buying an additional 58,389 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Arista Networks by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 35,479 shares of the technology company’s stock worth $9,135,000 after buying an additional 484 shares in the last quarter. Stanley Laman Group Ltd. lifted its stake in shares of Arista Networks by 1.5% in the second quarter. Stanley Laman Group Ltd. now owns 22,688 shares of the technology company’s stock worth $5,842,000 after buying an additional 330 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Arista Networks by 11.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 102,412 shares of the technology company’s stock worth $26,371,000 after buying an additional 10,467 shares in the last quarter. Institutional investors and hedge funds own 54.71% of the company’s stock.

About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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

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