Arista Networks, Inc. (NYSE:ANET) CEO Sells $6,631,900.00 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 22,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $301.45, for a total transaction of $6,631,900.00. Following the completion of the transaction, the chief executive officer now owns 1,660,800 shares of the company’s stock, valued at $500,648,160. The sale was disclosed in a filing with the SEC, which is available at this link.

Jayshree Ullal also recently made the following trade(s):

• On Wednesday, March 27th, Jayshree Ullal sold 23,000 shares of Arista Networks stock. The shares were sold at an average price of $296.24, for a total transaction of $6,813,520.00.
• On Friday, March 22nd, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The stock was sold at an average price of $303.00, for a total transaction of $6,666,000.00.
• On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The stock was sold at an average price of $289.06, for a total value of $6,070,260.00.
• On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $282.41, for a total value of $5,648,200.00.
• On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The stock was sold at an average price of $278.81, for a total transaction of $24,373,012.58.
• On Monday, January 29th, Jayshree Ullal sold 980 shares of Arista Networks stock. The stock was sold at an average price of $268.29, for a total transaction of $262,924.20.
• On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The shares were sold at an average price of $268.15, for a total value of $196,553.95.
• On Monday, January 22nd, Jayshree Ullal sold 8,002 shares of Arista Networks stock. The shares were sold at an average price of $267.39, for a total value of $2,139,654.78.
• On Thursday, January 18th, Jayshree Ullal sold 18,621 shares of Arista Networks stock. The shares were sold at an average price of $257.60, for a total value of $4,796,769.60.
• On Tuesday, January 9th, Jayshree Ullal sold 670 shares of Arista Networks stock. The stock was sold at an average price of $247.46, for a total transaction of $165,798.20.

Arista Networks Trading Up 0.5 %

ANET stock opened at $289.98 on Friday. The business’s fifty day moving average price is $275.89 and its 200 day moving average price is $233.77. Arista Networks, Inc. has a 12-month low of $131.68 and a 12-month high of $307.74. The company has a market capitalization of $90.66 billion, a PE ratio of 44.14, a P/E/G ratio of 2.49 and a beta of 1.10.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Monday, February 12th. The technology company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.38. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Research analysts predict that Arista Networks, Inc. will post 6.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Arista Networks

Several institutional investors have recently modified their holdings of the business. Rakuten Securities Inc. purchased a new position in Arista Networks in the fourth quarter valued at $35,000. Atticus Wealth Management LLC grew its position in shares of Arista Networks by 3,625.0% during the fourth quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock worth $35,000 after buying an additional 145 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Arista Networks during the third quarter worth approximately $28,000. Sandy Spring Bank raised its holdings in Arista Networks by 33.6% in the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company’s stock valued at $37,000 after acquiring an additional 39 shares in the last quarter. Finally, First Command Advisory Services Inc. acquired a new position in Arista Networks during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

Wall Street Analyst Weigh In

ANET has been the topic of several recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Arista Networks in a research report on Tuesday, February 13th. KeyCorp lifted their target price on Arista Networks from $232.00 to $287.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Rosenblatt Securities upped their price target on Arista Networks from $230.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Evercore ISI reiterated an “outperform” rating and set a $300.00 price objective on shares of Arista Networks in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Arista Networks from $225.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $275.59.

About Arista Networks

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.