Arista Networks, Inc. (NYSE:ANET – Get Free Report) CEO Jayshree Ullal sold 22,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $303.00, for a total transaction of $6,666,000.00. Following the transaction, the chief executive officer now owns 1,665,300 shares in the company, valued at $504,585,900. The sale was disclosed in a filing with the SEC, which is available through this link.
Jayshree Ullal also recently made the following trade(s):
- On Monday, March 25th, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The shares were sold at an average price of $301.45, for a total transaction of $6,631,900.00.
- On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The shares were sold at an average price of $289.06, for a total transaction of $6,070,260.00.
- On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $282.41, for a total transaction of $5,648,200.00.
- On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The shares were sold at an average price of $278.81, for a total transaction of $24,373,012.58.
- On Monday, January 29th, Jayshree Ullal sold 980 shares of Arista Networks stock. The shares were sold at an average price of $268.29, for a total transaction of $262,924.20.
- On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The shares were sold at an average price of $268.15, for a total transaction of $196,553.95.
- On Monday, January 22nd, Jayshree Ullal sold 8,002 shares of Arista Networks stock. The shares were sold at an average price of $267.39, for a total transaction of $2,139,654.78.
- On Thursday, January 18th, Jayshree Ullal sold 18,621 shares of Arista Networks stock. The shares were sold at an average price of $257.60, for a total transaction of $4,796,769.60.
- On Tuesday, January 9th, Jayshree Ullal sold 670 shares of Arista Networks stock. The shares were sold at an average price of $247.46, for a total transaction of $165,798.20.
Arista Networks Trading Down 3.2 %
Shares of ANET stock opened at $288.41 on Thursday. The company’s 50-day moving average price is $274.45 and its 200-day moving average price is $232.99. The stock has a market cap of $90.17 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 2.64 and a beta of 1.10. Arista Networks, Inc. has a twelve month low of $131.68 and a twelve month high of $307.74.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a report on Friday, March 22nd. Barclays lifted their target price on shares of Arista Networks from $272.00 to $311.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Melius Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 8th. Evercore ISI reaffirmed an “outperform” rating and set a $300.00 target price on shares of Arista Networks in a report on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Arista Networks from $225.00 to $310.00 and gave the company an “overweight” rating in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.59.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. acquired a new position in Arista Networks in the fourth quarter valued at about $35,000. Atticus Wealth Management LLC lifted its position in Arista Networks by 3,625.0% in the fourth quarter. Atticus Wealth Management LLC now owns 149 shares of the technology company’s stock valued at $35,000 after buying an additional 145 shares during the last quarter. Larson Financial Group LLC purchased a new stake in Arista Networks during the third quarter worth about $28,000. Sandy Spring Bank increased its stake in Arista Networks by 33.6% during the fourth quarter. Sandy Spring Bank now owns 155 shares of the technology company’s stock worth $37,000 after purchasing an additional 39 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in Arista Networks during the third quarter worth about $29,000. Institutional investors and hedge funds 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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