Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 11,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $267.49, for a total value of $2,942,390.00. Following the completion of the transaction, the senior vice president now directly owns 2,664 shares in the company, valued at $712,593.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kenneth Duda also recently made the following trade(s):

  • On Friday, August 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The stock was sold at an average price of $268.73, for a total value of $2,956,030.00.
  • On Tuesday, July 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The stock was sold at an average price of $269.37, for a total value of $2,963,070.00.

Shares of ANET stock traded up $0.64 during trading hours on Wednesday, reaching $267.85. 862,700 shares of the company traded hands, compared to its average volume of 1,113,860. Arista Networks Inc has a 12-month low of $172.14 and a 12-month high of $313.37. The company has a quick ratio of 2.87, a current ratio of 3.17 and a debt-to-equity ratio of 0.02. The stock has a market cap of $19.98 billion, a P/E ratio of 57.35, a PEG ratio of 1.96 and a beta of 1.45.

Arista Networks (NYSE:ANET) last posted its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.43. Arista Networks had a return on equity of 28.51% and a net margin of 28.07%. The firm had revenue of $519.85 million for the quarter, compared to analysts’ expectations of $509.62 million. During the same period in the previous year, the firm earned $1.34 EPS. The business’s quarterly revenue was up 28.3% on a year-over-year basis. equities research analysts expect that Arista Networks Inc will post 6.43 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in Arista Networks by 11.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 102,412 shares of the technology company’s stock worth $26,371,000 after purchasing an additional 10,467 shares in the last quarter. Point View Wealth Management Inc. purchased a new position in Arista Networks in the 2nd quarter worth approximately $515,000. Westpac Banking Corp lifted its holdings in Arista Networks by 586.1% in the 2nd quarter. Westpac Banking Corp now owns 25,051 shares of the technology company’s stock worth $6,450,000 after purchasing an additional 21,400 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in Arista Networks by 128.4% in the 1st quarter. Pittenger & Anderson Inc. now owns 3,860 shares of the technology company’s stock worth $985,000 after purchasing an additional 2,170 shares in the last quarter. Finally, American International Group Inc. lifted its holdings in Arista Networks by 52.3% in the 1st quarter. American International Group Inc. now owns 1,910 shares of the technology company’s stock worth $488,000 after purchasing an additional 656 shares in the last quarter. 54.72% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on ANET shares. Zacks Investment Research cut Arista Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Morgan Stanley cut Arista Networks from an “overweight” rating to an “equal weight” rating and set a $310.00 target price on the stock. in a research report on Tuesday, September 4th. Credit Suisse Group set a $303.00 target price on Arista Networks and gave the stock a “buy” rating in a research report on Thursday, May 31st. Piper Jaffray Companies raised Arista Networks from a “neutral” rating to an “overweight” rating and set a $315.00 target price on the stock in a research report on Monday, July 9th. Finally, DA Davidson raised their target price on Arista Networks from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $280.59.

About Arista Networks

Arista Networks, Inc provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

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