Arista Networks, Inc. (NYSE:ANET) insider Jayshree Ullal sold 72,443 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $225.96, for a total transaction of $16,369,220.28. Following the sale, the insider now directly owns 3,564 shares of the company’s stock, valued at $805,321.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, November 10th, Jayshree Ullal sold 73,620 shares of Arista Networks stock. The stock was 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) traded up $6.87 during midday trading on Friday, reaching $231.77. 849,900 shares of the company’s stock traded hands, compared to its average volume of 828,291. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.66 and a quick ratio of 3.07. Arista Networks, Inc. has a 1 year low of $87.33 and a 1 year high of $233.34. The company has a market capitalization of $17,100.00, a price-to-earnings ratio of 54.08, a P/E/G ratio of 2.08 and a beta of 1.31.

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ANET has been the subject of a number of analyst reports. BidaskClub upgraded shares of Arista Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 31st. JMP Securities boosted their price objective 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. Zacks Investment Research cut shares of Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Stifel Nicolaus restated a “hold” rating and set a $145.00 price objective on shares of Arista Networks in a report on Friday, July 21st. Finally, KeyCorp restated a “buy” rating on shares of Arista Networks in a report on Friday, November 3rd. Sixteen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $187.21.

Several institutional investors and hedge funds have recently modified their holdings of ANET. Harbour Capital Advisors LLC raised its position in shares of Arista Networks by 13,502.2% in the second quarter. Harbour Capital Advisors LLC now owns 1,228,278 shares of the technology company’s stock valued at $8,200,000 after purchasing an additional 1,219,248 shares during the period. BlackRock Inc. raised its position in shares of Arista Networks by 41.1% in the second quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock valued at $356,048,000 after purchasing an additional 692,651 shares during the period. Koch Industries Inc. bought a new position in shares of Arista Networks in the second quarter valued at about $592,000. State Street Corp raised its position in shares of Arista Networks by 44.7% in the second quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock valued at $159,278,000 after purchasing an additional 328,534 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Arista Networks by 7.1% in the second quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock valued at $563,810,000 after purchasing an additional 249,753 shares during the period. 59.21% of the stock is currently owned by institutional investors.

About Arista Networks

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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