Investors purchased shares of Arista Networks, Inc. (NYSE:ANET) on weakness during trading hours on Tuesday after an insider sold shares in the company. $77.64 million flowed into the stock on the tick-up and $61.68 million flowed out of the stock on the tick-down, for a money net flow of $15.96 million into the stock. Of all companies tracked, Arista Networks had the 20th highest net in-flow for the day. Arista Networks traded down ($0.40) for the day and closed at $241.43Specifically, insider Anshul Sadana sold 12,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $189.95, for a total value of $2,279,400.00. Following the completion of the transaction, the insider now owns 86,788 shares of the company’s stock, valued at approximately $16,485,380.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ita M. Brennan sold 3,500 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $176.12, for a total value of $616,420.00. Following the completion of the transaction, the insider now directly owns 16,903 shares of the company’s stock, valued at approximately $2,976,956.36. The disclosure for this sale can be found here. In the last three months, insiders sold 322,962 shares of company stock valued at $70,153,471. Insiders own 28.09% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. UBS AG upped their price target on Arista Networks from $165.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. BMO Capital Markets restated an “outperform” rating and issued a $190.00 price target (up from $167.00) on shares of Arista Networks in a research report on Friday, August 4th. J P Morgan Chase & Co upgraded Arista Networks from a “neutral” rating to an “overweight” rating and upped their price target for the company from $144.00 to $186.00 in a research report on Friday, August 4th. BidaskClub upgraded Arista Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 31st. Finally, Argus restated a “buy” rating on shares of Arista Networks in a research report on Monday, August 7th. Sixteen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Arista Networks has an average rating of “Buy” and a consensus price target of $187.21.

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 stock has a market capitalization of $17,650.00, a PE ratio of 56.21, a PEG ratio of 2.16 and a beta of 1.31.

Several hedge funds have recently bought and sold shares of ANET. Harbour Capital Advisors LLC lifted its position in shares of Arista Networks by 13,502.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,228,278 shares of the technology company’s stock valued at $8,200,000 after acquiring an additional 1,219,248 shares during the period. BlackRock Inc. lifted its position in shares of Arista Networks by 41.1% during the 2nd quarter. BlackRock Inc. now owns 2,376,973 shares of the technology company’s stock valued at $356,048,000 after acquiring an additional 692,651 shares during the period. Koch Industries Inc. acquired a new stake in shares of Arista Networks during the 2nd quarter valued at approximately $592,000. State Street Corp lifted its position in shares of Arista Networks by 44.7% during the 2nd quarter. State Street Corp now owns 1,063,294 shares of the technology company’s stock valued at $159,278,000 after acquiring an additional 328,534 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Arista Networks by 7.1% during the 2nd quarter. Vanguard Group Inc. now owns 3,763,999 shares of the technology company’s stock worth $563,810,000 after purchasing an additional 249,753 shares during the last quarter. Institutional investors own 59.73% of the company’s stock.

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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.

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