Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay Sells 751 Shares

Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 751 shares of the business’s stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $304.06, for a total transaction of $228,349.06. Following the sale, the senior vice president now directly owns 167 shares of the company’s stock, valued at $50,778.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Marc Taxay also recently made the following trade(s):

• On Monday, March 1st, Marc Taxay sold 2,077 shares of Arista Networks stock. The stock was sold at an average price of $285.04, for a total transaction of $592,028.08.
• On Monday, February 1st, Marc Taxay sold 748 shares of Arista Networks stock. The stock was sold at an average price of $310.00, for a total transaction of $231,880.00.

Shares of ANET opened at $307.82 on Thursday. Arista Networks, Inc. has a 12 month low of $192.96 and a 12 month high of $326.60. The firm has a fifty day simple moving average of $291.58 and a 200 day simple moving average of $273.67. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 3.91 and a beta of 1.21.

Arista Networks (NYSE:ANET) last announced its earnings results on Wednesday, February 17th. The technology company reported $2.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.10. Arista Networks had a net margin of 32.06% and a return on equity of 20.37%. On average, equities research analysts predict that Arista Networks, Inc. will post 7.66 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mariner LLC boosted its holdings in Arista Networks by 3.4% during the fourth quarter. Mariner LLC now owns 127,569 shares of the technology company’s stock worth $37,067,000 after purchasing an additional 4,233 shares during the last quarter. Taylor Hoffman Wealth Management boosted its holdings in Arista Networks by 4.9% during the fourth quarter. Taylor Hoffman Wealth Management now owns 10,330 shares of the technology company’s stock worth $3,002,000 after purchasing an additional 486 shares during the last quarter. Vident Investment Advisory LLC boosted its holdings in Arista Networks by 17.7% during the fourth quarter. Vident Investment Advisory LLC now owns 8,558 shares of the technology company’s stock worth $2,486,000 after purchasing an additional 1,285 shares during the last quarter. Distillate Capital Partners LLC acquired a new position in Arista Networks during the fourth quarter worth $1,897,000. Finally, Salvus Wealth Management LLC bought a new stake in Arista Networks during the fourth quarter worth $2,075,000. Institutional investors and hedge funds own 61.75% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price target on shares of Arista Networks from $294.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 25th. JPMorgan Chase & Co. boosted their price objective on shares of Arista Networks from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, February 19th. UBS Group boosted their price objective on shares of Arista Networks from $308.00 to $370.00 and gave the company a “buy” rating in a report on Friday, February 19th. Citigroup boosted their price objective on shares of Arista Networks from $290.00 to $325.00 in a report on Friday, February 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Arista Networks from $240.00 to $340.00 and gave the company an “equal weight” rating in a report on Thursday, February 25th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $318.29.

About Arista Networks

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company's cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms.

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