Arista Networks, Inc. (NYSE:ANET - Get Free Report) insider John F. Mccool sold 17,433 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $96.57, for a total transaction of $1,683,504.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 value of $11,436.32.
Arista Networks Stock Performance
NYSE ANET opened at $93.10 on Friday. The company has a market capitalization of $117.41 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 3.10 and a beta of 1.09. The stock has a 50-day moving average of $111.80 and a 200 day moving average of $102.08. Arista Networks, Inc. has a one year low of $60.08 and a one year high of $133.57.
Arista Networks (NYSE:ANET - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. The firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.90 billion. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Arista Networks
Hedge funds and other institutional investors have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. purchased a new stake in Arista Networks during the third quarter valued at approximately $44,000. HM Payson & Co. raised its holdings in Arista Networks by 28.2% in the 3rd quarter. HM Payson & Co. now owns 132 shares of the technology company's stock worth $51,000 after purchasing an additional 29 shares during the period. True Wealth Design LLC lifted its position in Arista Networks by 2,133.3% during the third quarter. True Wealth Design LLC now owns 134 shares of the technology company's stock valued at $51,000 after purchasing an additional 128 shares in the last quarter. Anchor Investment Management LLC grew its holdings in Arista Networks by 35.0% during the third quarter. Anchor Investment Management LLC now owns 135 shares of the technology company's stock valued at $52,000 after purchasing an additional 35 shares during the period. Finally, Transcendent Capital Group LLC increased its position in Arista Networks by 75.0% in the third quarter. Transcendent Capital Group LLC now owns 175 shares of the technology company's stock worth $67,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on ANET. Wells Fargo & Company raised their target price on Arista Networks from $115.00 to $125.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Piper Sandler reaffirmed a "neutral" rating and issued a $108.00 target price (up from $106.00) on shares of Arista Networks in a research report on Wednesday, February 19th. Citigroup lifted their price target on shares of Arista Networks from $115.00 to $121.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Rosenblatt Securities restated a "sell" rating and issued a $80.00 price objective on shares of Arista Networks in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Arista Networks from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Arista Networks presently has a consensus rating of "Moderate Buy" and an average target price of $113.79.
View Our Latest Analysis on Arista Networks
Arista Networks Company Profile
(
Get Free Report)
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.
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