Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal Sells 24,000 Shares of Stock

Arista Networks, Inc. (NYSE:ANETGet Free Report) CEO Jayshree Ullal sold 24,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $292.28, for a total transaction of $7,014,720.00. Following the transaction, the chief executive officer now owns 1,642,800 shares in the company, valued at approximately $480,157,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, March 27th, Jayshree Ullal sold 23,000 shares of Arista Networks stock. The shares were sold at an average price of $296.24, for a total transaction of $6,813,520.00.
  • 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 Friday, March 22nd, Jayshree Ullal sold 22,000 shares of Arista Networks stock. The shares were sold at an average price of $303.00, for a total transaction of $6,666,000.00.
  • On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The stock was 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 stock was 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 stock was 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.

Arista Networks Price Performance

Shares of Arista Networks stock opened at $298.79 on Thursday. The firm has a market cap of $93.41 billion, a PE ratio of 45.48, a PEG ratio of 2.59 and a beta of 1.09. Arista Networks, Inc. has a 1 year low of $131.68 and a 1 year high of $307.74. The company has a 50 day simple moving average of $277.66 and a two-hundred day simple moving average of $236.63.

Arista Networks (NYSE:ANETGet Free Report) last announced its earnings results on Monday, February 12th. The technology company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. Arista Networks had a net margin of 35.62% and a return on equity of 31.44%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. As a group, research analysts anticipate that Arista Networks, Inc. will post 6.63 earnings per share for the current year.

Hedge Funds Weigh In On Arista Networks

A number of hedge funds have recently bought and sold shares of ANET. Larson Financial Group LLC bought a new position in Arista Networks in the 3rd quarter worth about $28,000. First Command Advisory Services Inc. bought a new position in Arista Networks in the 3rd quarter worth about $29,000. Hollencrest Capital Management purchased a new position in Arista Networks in the 1st quarter worth about $30,000. BluePath Capital Management LLC purchased a new position in Arista Networks in the 3rd quarter worth about $33,000. Finally, NBC Securities Inc. purchased a new position in Arista Networks in the 3rd quarter worth about $33,000. Institutional investors own 82.47% of the company’s stock.

Wall Street Analysts Forecast Growth

ANET has been the subject of several research reports. Oppenheimer restated a “market perform” rating on shares of Arista Networks in a research report on Tuesday, February 13th. Melius upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Melius Research raised shares of Arista Networks from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $320.00 price objective on shares of Arista Networks in a report on Tuesday, February 13th. Finally, Morgan Stanley upped their price objective on shares of Arista Networks from $230.00 to $272.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.59.

View Our Latest Stock Analysis on Arista Networks

Arista Networks Company Profile

(Get Free Report)

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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