Arista Networks, Inc. (NYSE:ANET - Get Free Report) Director Kelly Bodnar Battles sold 1,492 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $68.49, for a total transaction of $102,187.08. Following the completion of the sale, the director now owns 7,480 shares of the company's stock, valued at $512,305.20. This trade represents a 16.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Kelly Bodnar Battles also recently made the following trade(s):
- On Friday, February 14th, Kelly Bodnar Battles sold 1,488 shares of Arista Networks stock. The stock was sold at an average price of $107.13, for a total transaction of $159,409.44.
Arista Networks Trading Up 6.3 %
Shares of NYSE ANET opened at $75.25 on Friday. Arista Networks, Inc. has a 12-month low of $59.43 and a 12-month high of $133.58. The stock's fifty day simple moving average is $81.23 and its two-hundred day simple moving average is $98.52. The stock has a market capitalization of $94.49 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30.
Arista Networks (NYSE:ANET - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The technology company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. On average, equities analysts predict that Arista Networks, Inc. will post 2.2 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ANET has been the topic of several recent analyst reports. Citigroup reduced their price target on Arista Networks from $121.00 to $92.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Piper Sandler decreased their target price on Arista Networks from $108.00 to $76.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Erste Group Bank lowered shares of Arista Networks from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. UBS Group raised shares of Arista Networks from a "neutral" rating to a "buy" rating and raised their price target for the stock from $112.00 to $115.00 in a research note on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Arista Networks from $140.00 to $110.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Arista Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.29.
Read Our Latest Research Report on Arista Networks
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Arista Networks by 304.2% in the fourth quarter. Vanguard Group Inc. now owns 96,084,951 shares of the technology company's stock valued at $10,620,270,000 after acquiring an additional 72,311,318 shares in the last quarter. FMR LLC grew its stake in Arista Networks by 330.9% during the 4th quarter. FMR LLC now owns 57,648,129 shares of the technology company's stock worth $6,371,848,000 after buying an additional 44,269,572 shares during the last quarter. Cresset Asset Management LLC grew its stake in Arista Networks by 277.5% during 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 buying an additional 20,059,303 shares during the last quarter. Geode Capital Management LLC increased its position in 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 buying an additional 18,293,874 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Arista Networks by 218.5% in the fourth quarter. Alliancebernstein L.P. now owns 21,070,016 shares of the technology company's stock valued at $2,328,869,000 after buying an additional 14,454,822 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company's stock.
About Arista Networks
(
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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