Insider Selling: Arista Networks, Inc. (NYSE:ANET) Director Sells 168 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) Director Yvonne Wassenaar sold 168 shares of Arista Networks stock in a transaction on Friday, February 21st. The shares were sold at an average price of $102.58, for a total transaction of $17,233.44. Following the transaction, the director now owns 14,104 shares in the company, valued at $1,446,788.32. The trade was a 1.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, January 21st, Yvonne Wassenaar sold 168 shares of Arista Networks stock. The shares were sold at an average price of $121.02, for a total value of $20,331.36.

Arista Networks Trading Up 3.8 %

Shares of NYSE ANET opened at $96.43 on Thursday. The company has a market capitalization of $121.61 billion, a price-to-earnings ratio of 43.44, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. Arista Networks, Inc. has a twelve month low of $60.08 and a twelve month high of $133.57. The business has a 50 day simple moving average of $112.54 and a 200-day simple moving average of $102.09.

Arista Networks (NYSE:ANET) last released its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. As a group, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ANET. Evercore ISI increased their price objective on shares of Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Piper Sandler reaffirmed a “neutral” rating and set a $108.00 price target (up from $106.00) on shares of Arista Networks in a report on Wednesday, February 19th. Barclays boosted their price objective on shares of Arista Networks from $125.00 to $126.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. StockNews.com downgraded Arista Networks from a “buy” rating to a “hold” rating in a research note on Thursday, December 12th. Finally, Citigroup boosted their price target on Arista Networks from $115.00 to $121.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.79.

Institutional Investors Weigh In On Arista Networks

Institutional investors and hedge funds have recently bought and sold shares of the business. Stock Yards Bank & Trust Co. acquired a new stake in shares of Arista Networks during the 4th quarter worth approximately $242,000. GHE LLC grew its stake in Arista Networks by 319.0% during the 4th quarter. GHE LLC now owns 28,368 shares of the technology company’s stock worth $3,136,000 after buying an additional 21,597 shares during the last quarter. Colonial River Investments LLC increased its position in Arista Networks by 327.6% in the fourth quarter. Colonial River Investments LLC now owns 9,745 shares of the technology company’s stock worth $1,077,000 after buying an additional 7,466 shares during the period. Silver Oak Securities Incorporated lifted its stake in Arista Networks by 395.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after buying an additional 14,843 shares during the last quarter. Finally, Proactive Wealth Strategies LLC boosted its holdings in shares of Arista Networks by 387.6% during the fourth quarter. Proactive Wealth Strategies LLC now owns 6,120 shares of the technology company’s stock valued at $676,000 after acquiring an additional 4,865 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Arista Networks Company Profile

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.