Arista Networks, Inc. (NYSE:ANET) CEO Sells $330,628.48 in Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 832 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $397.39, for a total value of $330,628.48. Following the sale, the chief executive officer now directly owns 17,681 shares in the company, valued at $7,026,252.59. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, October 2nd, Jayshree Ullal sold 836 shares of Arista Networks stock. The stock was sold at an average price of $386.68, for a total transaction of $323,264.48.
• On Tuesday, September 3rd, Jayshree Ullal sold 832 shares of Arista Networks stock. The shares were sold at an average price of $337.23, for a total transaction of $280,575.36.
• On Wednesday, August 21st, Jayshree Ullal sold 17,752 shares of Arista Networks stock. The shares were sold at an average price of $354.29, for a total transaction of $6,289,356.08.

Arista Networks Trading Up 4.4 %

ANET traded up $17.73 on Wednesday, hitting $422.85. 1,834,448 shares of the stock traded hands, compared to its average volume of 2,189,134. The firm has a market capitalization of $132.84 billion, a PE ratio of 52.57, a P/E/G ratio of 3.47 and a beta of 1.08. The business has a fifty day moving average price of $378.33 and a two-hundred day moving average price of $341.91. Arista Networks, Inc. has a 52 week low of $203.19 and a 52 week high of $424.01.

Analyst Ratings Changes

ANET has been the subject of a number of research analyst reports. Barclays upped their target price on Arista Networks from $320.00 to $341.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. KeyCorp raised their target price on shares of Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group upped their price target on shares of Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Citigroup boosted their target price on Arista Networks from $385.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Piper Sandler lifted their price objective on shares of Arista Networks from $302.00 to $345.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $373.88.

Institutional Trading of Arista Networks

Several large investors have recently made changes to their positions in ANET. GQG Partners LLC acquired a new stake in Arista Networks in the first quarter worth about $881,848,000. Legal & General Group Plc lifted its holdings in shares of Arista Networks by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 2,195,733 shares of the technology company’s stock valued at $769,560,000 after purchasing an additional 20,278 shares in the last quarter. Swedbank AB acquired a new stake in Arista Networks during the 1st quarter worth approximately $521,767,000. Ameriprise Financial Inc. raised its holdings in shares of Arista Networks by 97.2% during the second quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after acquiring an additional 884,703 shares during the period. Finally, TD Asset Management Inc boosted its stake in Arista Networks by 18.7% in the 1st quarter. TD Asset Management Inc now owns 943,694 shares of the technology company’s stock worth $273,652,000 after purchasing an additional 148,759 shares during the period. Institutional investors own 82.47% of the company’s stock.

Arista Networks Company Profile

Arista Networks, Inc engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Its cloud networking solutions consist of Extensible Operating System (EOS), a publish-subscribe state-sharing networking operating system offered in combination with a set of network applications.