Goldman Sachs Group, Inc. (The) reissued their sell rating on shares of Arista Networks, Inc. (NYSE:ANET) in a report released on Thursday. Goldman Sachs Group, Inc. (The) currently has a $60.00 price target on the stock.

Other equities research analysts have also issued reports about the company. Citigroup Inc. reaffirmed a buy rating and set a $91.00 target price on shares of Arista Networks in a research report on Sunday, November 6th. Pacific Crest reaffirmed a buy rating on shares of Arista Networks in a research report on Friday, November 4th. BMO Capital Markets reaffirmed a buy rating and set a $93.00 target price on shares of Arista Networks in a research report on Friday, November 4th. Barclays PLC reaffirmed a buy rating and set a $89.00 target price on shares of Arista Networks in a research report on Thursday, November 3rd. Finally, Needham & Company LLC lifted their target price on Arista Networks from $105.00 to $110.00 and gave the company a buy rating in a research report on Monday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $96.62.

Analyst Recommendations for Arista Networks (NYSE:ANET)

Shares of Arista Networks (NYSE:ANET) opened at 100.17 on Thursday. Arista Networks has a 52-week low of $54.67 and a 52-week high of $103.00. The company’s 50 day moving average price is $96.15 and its 200 day moving average price is $87.76. The stock has a market capitalization of $7.03 billion, a PE ratio of 43.33 and a beta of 1.15.

Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 16th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.22. Arista Networks had a return on equity of 20.69% and a net margin of 16.15%. The firm earned $328 million during the quarter, compared to analyst estimates of $315.40 million. During the same period last year, the company earned $0.80 EPS. Arista Networks’s quarterly revenue was up 33.6% compared to the same quarter last year. On average, equities research analysts anticipate that Arista Networks will post $3.09 EPS for the current year.

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In related news, insider Jayshree Ullal sold 29,430 shares of the business’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $98.04, for a total transaction of $2,885,317.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mark Stephen Smith sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $89.89, for a total value of $449,450.00. Following the transaction, the vice president now owns 1,620 shares in the company, valued at $145,621.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 687,218 shares of company stock worth $67,333,547. 32.39% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of Arista Networks by 0.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 1,257 shares of the company’s stock valued at $107,000 after buying an additional 5 shares during the period. D. Scott Neal Inc. acquired a new position in shares of Arista Networks during the third quarter valued at $128,000. Flinton Capital Management LLC acquired a new position in shares of Arista Networks during the fourth quarter valued at $153,000. Pittenger & Anderson Inc. increased its position in shares of Arista Networks by 255.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,935 shares of the company’s stock valued at $187,000 after buying an additional 1,390 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Arista Networks by 16.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,933 shares of the company’s stock valued at $189,000 after buying an additional 406 shares during the period. Hedge funds and other institutional investors own 54.94% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS), which is a set of network applications and its 10/25/40/50/100 Gigabit Ethernet switches.

5 Day Chart for NYSE:ANET

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