Arista Networks, Inc. (NYSE:ANET – Get Rating) SVP Kenneth Duda sold 3,500 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $151.64, for a total value of $530,740.00. Following the completion of the transaction, the senior vice president now owns 237,100 shares in the company, valued at $35,953,844. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Kenneth Duda also recently made the following trade(s):
- On Friday, March 10th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $147.33, for a total transaction of $2,946,600.00.
- On Friday, February 10th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $133.58, for a total transaction of $2,671,600.00.
- On Tuesday, January 10th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $114.69, for a total transaction of $2,293,800.00.
Arista Networks Price Performance
Shares of NYSE:ANET opened at $163.26 on Friday. The stock’s 50-day moving average is $133.22 and its 200 day moving average is $125.41. The company has a market cap of $50.02 billion, a PE ratio of 38.23, a P/E/G ratio of 2.10 and a beta of 1.24. Arista Networks, Inc. has a 1 year low of $89.11 and a 1 year high of $164.26.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. JMP Securities lifted their price objective on shares of Arista Networks from $135.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, February 14th. Loop Capital increased their price objective on Arista Networks from $181.00 to $188.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. The Goldman Sachs Group started coverage on Arista Networks in a research report on Monday, March 6th. They issued a “buy” rating for the company. Morgan Stanley increased their price target on shares of Arista Networks from $130.00 to $140.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 14th. Finally, Piper Sandler lowered their price objective on shares of Arista Networks from $164.00 to $155.00 in a report on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.89.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its position in shares of Arista Networks by 17.0% during the second quarter. Cerity Partners LLC now owns 4,097 shares of the technology company’s stock valued at $385,000 after buying an additional 594 shares during the period. Woodline Partners LP bought a new position in shares of Arista Networks in the 2nd quarter worth approximately $11,896,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Arista Networks by 15.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 275,905 shares of the technology company’s stock valued at $31,146,000 after purchasing an additional 36,516 shares during the period. Diversified Trust Co boosted its position in shares of Arista Networks by 16.0% during the third quarter. Diversified Trust Co now owns 4,896 shares of the technology company’s stock valued at $553,000 after purchasing an additional 675 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Arista Networks by 14.8% in the second quarter. Franklin Resources Inc. now owns 1,216,489 shares of the technology company’s stock worth $114,033,000 after purchasing an additional 156,665 shares during the period. 64.30% of the stock is currently owned by institutional investors.
Arista Networks Company Profile
Arista Networks, Inc engages in the business of developing, marketing, and selling cloud networking solutions. The firm is also involved in switching and routing platforms and related network applications. The company was founded by Andreas Bechtolsheim, David Cheriton, and Kenneth Duda in November 2004 and is headquartered in Santa Clara, CA.
- Get a free copy of the StockNews.com research report on Arista Networks (ANET)
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
Receive News & Ratings for Arista Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arista Networks and related companies with MarketBeat.com's FREE daily email newsletter.