Arista Networks, Inc. (NYSE:ANET – Get Free Report) CEO Jayshree Ullal sold 832 shares of Arista Networks stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $337.23, for a total value of $280,575.36. Following the completion of the transaction, the chief executive officer now owns 17,681 shares in the company, valued at approximately $5,962,563.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Jayshree Ullal also recently made the following trade(s):
- 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.
- On Friday, August 2nd, Jayshree Ullal sold 832 shares of Arista Networks stock. The shares were sold at an average price of $318.12, for a total transaction of $264,675.84.
- On Monday, July 1st, Jayshree Ullal sold 25,000 shares of Arista Networks stock. The stock was sold at an average price of $357.00, for a total transaction of $8,925,000.00.
- On Thursday, June 27th, Jayshree Ullal sold 25,000 shares of Arista Networks stock. The shares were sold at an average price of $347.00, for a total value of $8,675,000.00.
Arista Networks Stock Performance
Arista Networks stock opened at $314.31 on Friday. The stock has a market capitalization of $98.49 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 2.78 and a beta of 1.07. Arista Networks, Inc. has a 52-week low of $168.25 and a 52-week high of $376.50. The stock’s 50 day moving average price is $343.09 and its two-hundred day moving average price is $311.03.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Beacon Capital Management LLC raised its position in shares of Arista Networks by 500.0% during the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock worth $27,000 after purchasing an additional 65 shares during the period. LGT Financial Advisors LLC bought a new stake in Arista Networks during the 2nd quarter valued at $27,000. Benjamin Edwards Inc. acquired a new position in Arista Networks during the first quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of Arista Networks in the second quarter valued at $33,000. Finally, Sugarloaf Wealth Management LLC bought a new stake in shares of Arista Networks during the second quarter worth about $35,000. 82.47% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ANET has been the subject of several research reports. Jefferies Financial Group increased their target price on Arista Networks from $340.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $375.00 price objective on shares of Arista Networks in a report on Wednesday, July 31st. Rosenblatt Securities boosted their target price on shares of Arista Networks from $220.00 to $265.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of Arista Networks from $340.00 to $390.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Piper Sandler lifted their price target on shares of Arista Networks from $302.00 to $345.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average target price of $358.63.
Check Out Our Latest Report on ANET
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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