Jayshree Ullal Sells 1,375 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 1,375 shares of the firm’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $350.52, for a total value of $481,965.00. Following the transaction, the chief executive officer now directly owns 2,033 shares of the company’s stock, valued at approximately $712,607.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, June 1st, Jayshree Ullal sold 2,375 shares of Arista Networks stock. The shares were sold at an average price of $336.38, for a total value of $798,902.50.
  • On Friday, May 21st, Jayshree Ullal sold 1,670 shares of Arista Networks stock. The shares were sold at an average price of $333.28, for a total value of $556,577.60.
  • On Thursday, May 6th, Jayshree Ullal sold 1,375 shares of Arista Networks stock. The shares were sold at an average price of $321.96, for a total value of $442,695.00.
  • On Monday, May 3rd, Jayshree Ullal sold 2,375 shares of Arista Networks stock. The shares were sold at an average price of $314.18, for a total value of $746,177.50.
  • On Tuesday, April 6th, Jayshree Ullal sold 1,375 shares of Arista Networks stock. The shares were sold at an average price of $308.82, for a total value of $424,627.50.
  • On Thursday, April 1st, Jayshree Ullal sold 2,375 shares of Arista Networks stock. The shares were sold at an average price of $308.65, for a total value of $733,043.75.
  • On Friday, March 26th, Jayshree Ullal sold 167 shares of Arista Networks stock. The shares were sold at an average price of $304.01, for a total value of $50,769.67.

Shares of NYSE ANET opened at $369.16 on Friday. The firm has a market cap of $28.16 billion, a price-to-earnings ratio of 43.28, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. The firm’s 50-day moving average is $325.74. Arista Networks, Inc. has a 52 week low of $192.96 and a 52 week high of $369.41.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Monday, May 3rd. The technology company reported $2.50 EPS for the quarter, beating the Zacks’ consensus estimate of $2.38 by $0.12. The business had revenue of $667.56 million for the quarter, compared to analyst estimates of $642.57 million. Arista Networks had a return on equity of 20.73% and a net margin of 27.48%. The firm’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.02 EPS. On average, sell-side analysts forecast that Arista Networks, Inc. will post 8.7 EPS for the current year.

Several equities research analysts have recently commented on the company. KeyCorp upped their target price on Arista Networks from $365.00 to $370.00 and gave the company an “overweight” rating in a report on Wednesday, May 5th. Citigroup increased their price objective on Arista Networks from $290.00 to $325.00 in a research note on Friday, February 19th. Rosenblatt Securities increased their price objective on Arista Networks from $360.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Barclays increased their price objective on Arista Networks from $294.00 to $325.00 and gave the stock an “equal weight” rating in a research note on Friday, February 19th. Finally, Piper Sandler increased their price objective on Arista Networks from $300.00 to $330.00 and gave the stock a “neutral” rating in a research note on Friday, February 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $338.53.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANET. Baillie Gifford & Co. acquired a new stake in Arista Networks in the 4th quarter valued at approximately $28,000. Credit Agricole S A acquired a new stake in Arista Networks in the 4th quarter valued at approximately $29,000. Veritas Investment Partners UK Ltd. acquired a new stake in Arista Networks in the 4th quarter valued at approximately $31,000. Carroll Financial Associates Inc. acquired a new stake in Arista Networks in the 1st quarter valued at approximately $33,000. Finally, Parkside Financial Bank & Trust grew its holdings in Arista Networks by 187.8% in the 1st quarter. Parkside Financial Bank & Trust now owns 118 shares of the technology company’s stock valued at $36,000 after buying an additional 77 shares during the last quarter. 61.79% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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