Arista Networks, Inc. (NYSE:ANET) Insider Sells $1,683,504.81 in Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 17,433 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $96.57, for a total value of $1,683,504.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John F. Mccool also recently made the following trade(s):

• On Wednesday, February 19th, John F. Mccool sold 112 shares of Arista Networks stock. The shares were sold at an average price of $102.11, for a total transaction of $11,436.32.

Arista Networks Trading Up 1.7 %

NYSE:ANET traded up $1.53 on Friday, reaching $93.10. The stock had a trading volume of 12,432,831 shares, compared to its average volume of 10,723,314. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57. The company has a 50-day moving average of $112.19 and a 200 day moving average of $102.02. The stock has a market cap of $117.41 billion, a P/E ratio of 41.94, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

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

Hedge Funds Weigh In On Arista Networks

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Arista Networks by 304.2% during the fourth quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company’s stock worth $10,620,270,000 after acquiring an additional 72,311,318 shares during the last quarter. FMR LLC grew its holdings in Arista Networks by 330.9% during the fourth quarter. FMR LLC now owns 57,648,129 shares of the technology company’s stock worth $6,371,848,000 after acquiring an additional 44,269,572 shares during the period. Cresset Asset Management LLC raised its holdings in shares of Arista Networks by 277.5% in the 4th quarter. Cresset Asset Management LLC now owns 27,288,583 shares of the technology company’s stock worth $3,016,207,000 after purchasing an additional 20,059,303 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Arista Networks by 311.6% during the 4th quarter. Geode Capital Management LLC now owns 24,165,355 shares of the technology company’s stock valued at $2,665,829,000 after acquiring an additional 18,293,874 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Arista Networks by 218.5% in the 4th quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company’s stock valued at $2,328,869,000 after purchasing an additional 14,454,822 shares during the period. Institutional investors and hedge funds own 82.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ANET. UBS Group upped their price objective on Arista Networks from $106.00 to $112.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. The Goldman Sachs Group upped their target price on Arista Networks from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Evercore ISI boosted their price target on Arista Networks from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Arista Networks in a report on Wednesday, February 19th. Finally, StockNews.com lowered Arista Networks from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $113.79.

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.