Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 11,874 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $280.68, for a total transaction of $3,332,794.32. Following the transaction, the senior vice president now directly owns 4,545 shares of the company’s stock, valued at $1,275,690.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Kenneth Duda also recently made the following trade(s):
- On Monday, February 11th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The stock was sold at an average price of $229.04, for a total transaction of $2,519,440.00.
- On Thursday, January 10th, Kenneth Duda sold 11,000 shares of Arista Networks stock. The stock was sold at an average price of $217.41, for a total transaction of $2,391,510.00.
Shares of NYSE ANET opened at $292.61 on Friday. The firm has a market capitalization of $22.15 billion, a P/E ratio of 41.39, a P/E/G ratio of 1.72 and a beta of 1.50. The company has a quick ratio of 4.04, a current ratio of 4.48 and a debt-to-equity ratio of 0.02. Arista Networks Inc has a one year low of $187.08 and a one year high of $313.37.
Arista Networks (NYSE:ANET) last issued its quarterly earnings results on Thursday, February 14th. The technology company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.80 by $0.45. The company had revenue of $595.70 million during the quarter, compared to analyst estimates of $591.41 million. Arista Networks had a net margin of 29.47% and a return on equity of 29.37%. The firm’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.71 EPS. Equities research analysts expect that Arista Networks Inc will post 8.24 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in Arista Networks in the 4th quarter worth $25,000. FTB Advisors Inc. purchased a new stake in Arista Networks in the 4th quarter worth $26,000. Kaizen Advisory LLC purchased a new stake in Arista Networks in the 4th quarter worth $27,000. CENTRAL TRUST Co increased its holdings in Arista Networks by 53.3% in the 4th quarter. CENTRAL TRUST Co now owns 141 shares of the technology company’s stock worth $29,000 after acquiring an additional 49 shares in the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new stake in Arista Networks during the 4th quarter worth $39,000. 55.65% of the stock is owned by institutional investors.
ANET has been the subject of a number of recent research reports. Bank of America raised shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Thursday, December 6th. Nomura raised shares of Arista Networks from a “neutral” rating to a “buy” rating and set a $260.00 target price for the company in a report on Friday, January 18th. Gabelli raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $279.00 target price for the company in a report on Tuesday, February 19th. JPMorgan Chase & Co. set a $285.00 target price on shares of Arista Networks and gave the company a “hold” rating in a report on Friday, February 15th. Finally, ValuEngine raised shares of Arista Networks from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $296.24.
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Arista Networks Company Profile
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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