By otakuyassine3@gmail.com 
Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Yvonne Wassenaar sold 168 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $121.02, for a total value of $20,331.36. Following the completion of the transaction, the director now directly owns 13,428 shares of the company’s stock, valued at approximately $1,625,056.56. This trade represents a 1.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Arista Networks Price Performance
Shares of Arista Networks stock opened at $129.09 on Friday. The firm has a 50 day simple moving average of $109.97 and a 200 day simple moving average of $97.91. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.58. The firm has a market cap of $162.63 billion, a P/E ratio of 62.06, a P/E/G ratio of 3.49 and a beta of 1.08.
Arista Networks (NYSE:ANET – Get Free Report) last released its earnings results on Thursday, November 7th. The technology company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.76 billion. Arista Networks had a return on equity of 30.52% and a net margin of 40.29%. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, sell-side analysts expect that Arista Networks, Inc. will post 1.97 EPS for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on ANET shares. The Goldman Sachs Group raised their target price on Arista Networks from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Rosenblatt Securities raised their target price on Arista Networks from $66.25 to $80.00 and gave the stock a “sell” rating in a research report on Friday, November 8th. Morgan Stanley upped their price target on Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. StockNews.com cut Arista Networks from a “buy” rating to a “hold” rating in a report on Thursday, December 12th. Finally, UBS Group upped their target price on shares of Arista Networks from $92.25 to $106.25 and gave the stock a “neutral” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.
Read Our Latest Research Report on ANET
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. lifted its holdings in Arista Networks by 6.9% in the third quarter. Zions Bancorporation N.A. now owns 417 shares of the technology company’s stock valued at $160,000 after buying an additional 27 shares during the period. Intellectus Partners LLC raised its position in shares of Arista Networks by 1.4% during the 3rd quarter. Intellectus Partners LLC now owns 1,927 shares of the technology company’s stock valued at $740,000 after acquiring an additional 27 shares during the last quarter. First Affirmative Financial Network lifted its stake in shares of Arista Networks by 4.3% in the 3rd quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock valued at $262,000 after purchasing an additional 28 shares during the period. Altman Advisors Inc. boosted its position in shares of Arista Networks by 0.5% in the 3rd quarter. Altman Advisors Inc. now owns 5,862 shares of the technology company’s stock worth $2,250,000 after purchasing an additional 28 shares during the last quarter. Finally, Everpar Advisors LLC grew its stake in shares of Arista Networks by 1.5% during the third quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock worth $732,000 after purchasing an additional 29 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.
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