Arista Networks, Inc. (NYSE:ANET – Get Free Report) SVP Marc Taxay sold 1,044 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $254.54, for a total transaction of $265,739.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Marc Taxay also recently made the following trade(s):
- On Monday, April 1st, Marc Taxay sold 1,040 shares of Arista Networks stock. The stock was sold at an average price of $292.28, for a total transaction of $303,971.20.
- On Friday, March 1st, Marc Taxay sold 11,650 shares of Arista Networks stock. The stock was sold at an average price of $286.28, for a total transaction of $3,335,162.00.
Arista Networks Stock Performance
NYSE:ANET opened at $274.40 on Monday. The stock has a fifty day moving average price of $279.07 and a two-hundred day moving average price of $250.02. The stock has a market capitalization of $85.79 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.34 and a beta of 1.13. Arista Networks, Inc. has a 1 year low of $131.68 and a 1 year high of $307.74.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ANET. Benjamin Edwards Inc. purchased a new position in shares of Arista Networks in the first quarter valued at $26,000. Larson Financial Group LLC purchased a new position in shares of Arista Networks in the third quarter valued at $28,000. First Command Advisory Services Inc. purchased a new position in shares of Arista Networks in the third quarter valued at $29,000. Financial Synergies Wealth Advisors Inc. increased its position in shares of Arista Networks by 872.7% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock valued at $31,000 after buying an additional 96 shares in the last quarter. Finally, BluePath Capital Management LLC purchased a new position in shares of Arista Networks in the third quarter valued at $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on ANET. Melius upgraded shares of Arista Networks from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Evercore ISI restated an “outperform” rating and set a $300.00 target price on shares of Arista Networks in a research note on Wednesday, March 27th. Needham & Company LLC restated a “buy” rating and set a $320.00 target price on shares of Arista Networks in a research note on Tuesday, February 13th. KeyCorp upped their target price on shares of Arista Networks from $232.00 to $287.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group upped their price target on Arista Networks from $313.00 to $356.00 and gave the company a “buy” rating in a report on Friday, March 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Arista Networks has a consensus rating of “Moderate Buy” and an average price target of $285.53.
Get Our Latest Analysis on Arista Networks
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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