Arista Networks, Inc. (NYSE:ANET – Get Free Report) CFO Ita M. Brennan sold 12,000 shares of Arista Networks stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $194.38, for a total transaction of $2,332,560.00. Following the completion of the sale, the chief financial officer now owns 25,053 shares of the company’s stock, valued at $4,869,802.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Arista Networks Trading Down 1.7 %
ANET stock traded down $3.28 during trading on Monday, hitting $193.19. The company had a trading volume of 1,854,392 shares, compared to its average volume of 2,909,331. The company has a fifty day moving average price of $177.06 and a two-hundred day moving average price of $162.58. The company has a market cap of $59.81 billion, a P/E ratio of 35.71, a P/E/G ratio of 1.90 and a beta of 1.17. Arista Networks, Inc. has a fifty-two week low of $98.20 and a fifty-two week high of $198.70.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings data on Monday, July 31st. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.29. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Arista Networks had a return on equity of 31.19% and a net margin of 32.48%. The business’s revenue was up 38.7% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. On average, analysts expect that Arista Networks, Inc. will post 5.49 earnings per share for the current year.
Analyst Ratings Changes
Institutional Trading of Arista Networks
Several large investors have recently added to or reduced their stakes in ANET. Vanguard Group Inc. grew its holdings in Arista Networks by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 25,268,588 shares of the technology company’s stock worth $3,511,828,000 after acquiring an additional 353,253 shares during the last quarter. BlackRock Inc. raised its position in Arista Networks by 2.0% in the 1st quarter. BlackRock Inc. now owns 18,734,818 shares of the technology company’s stock worth $3,144,827,000 after purchasing an additional 372,420 shares during the last quarter. First Republic Investment Management Inc. raised its position in Arista Networks by 2,389.3% in the 4th quarter. First Republic Investment Management Inc. now owns 12,400,805 shares of the technology company’s stock worth $1,504,838,000 after purchasing an additional 11,902,638 shares during the last quarter. State Street Corp raised its position in Arista Networks by 2.9% in the 2nd quarter. State Street Corp now owns 10,280,987 shares of the technology company’s stock worth $1,666,137,000 after purchasing an additional 289,064 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of Arista Networks by 68.8% in the 2nd quarter. Capital World Investors now owns 9,819,327 shares of the technology company’s stock valued at $1,591,320,000 after buying an additional 4,002,359 shares during the period. 67.13% of the stock is owned by institutional investors.
Arista Networks Company Profile
Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.
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