Arista Networks, Inc. (ANET) Insider Jayshree Ullal Sells 52,557 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 52,557 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $231.82, for a total transaction of $12,183,763.74. Following the transaction, the insider now owns 3,564 shares in the company, valued at approximately $826,206.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, November 13th, Jayshree Ullal sold 72,443 shares of Arista Networks stock. The shares were sold at an average price of $225.96, for a total transaction of $16,369,220.28.
  • On Friday, November 10th, Jayshree Ullal sold 73,620 shares of Arista Networks stock. The shares were sold at an average price of $220.31, for a total transaction of $16,219,222.20.
  • On Wednesday, November 8th, Jayshree Ullal sold 81,380 shares of Arista Networks stock. The shares were sold at an average price of $211.89, for a total transaction of $17,243,608.20.

Arista Networks, Inc. (ANET) opened at $241.83 on Tuesday. Arista Networks, Inc. has a 12-month low of $87.33 and a 12-month high of $241.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.07 and a current ratio of 3.66. The company has a market cap of $17,680.00, a price-to-earnings ratio of 56.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.31.

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ANET has been the subject of a number of research reports. JMP Securities upped their target price on shares of Arista Networks from $185.00 to $230.00 and gave the company a “market perform” rating in a report on Thursday, October 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $210.00 target price (up from $185.00) on shares of Arista Networks in a report on Monday, October 9th. BMO Capital Markets upped their target price on shares of Arista Networks from $190.00 to $205.00 and gave the company a “market perform” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. BidaskClub raised shares of Arista Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 23rd. Finally, Zacks Investment Research cut shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Sixteen equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $187.21.

Several institutional investors have recently added to or reduced their stakes in ANET. PNC Financial Services Group Inc. lifted its holdings in shares of Arista Networks by 20.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 740 shares of the technology company’s stock worth $111,000 after acquiring an additional 126 shares during the last quarter. LS Investment Advisors LLC bought a new stake in shares of Arista Networks in the 2nd quarter worth about $119,000. Fieldpoint Private Securities LLC bought a new stake in shares of Arista Networks in the 3rd quarter worth about $130,000. D.A. Davidson & CO. lifted its holdings in shares of Arista Networks by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 982 shares of the technology company’s stock worth $147,000 after acquiring an additional 30 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Arista Networks in the 3rd quarter worth about $151,000. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that use software innovations to address the needs of Internet companies, cloud service providers and data centers for enterprise support. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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