Arista Networks, Inc. (NYSE:ANET – Get Free Report) SVP Kenneth Duda sold 1,689 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $321.28, for a total transaction of $542,641.92. Following the transaction, the senior vice president now directly owns 182,600 shares of the company’s stock, valued at approximately $58,665,728. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Kenneth Duda also recently made the following trade(s):
- On Monday, August 26th, Kenneth Duda sold 1,592 shares of Arista Networks stock. The shares were sold at an average price of $349.55, for a total value of $556,483.60.
- On Monday, July 8th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The stock was sold at an average price of $370.70, for a total transaction of $7,414,000.00.
- On Thursday, June 13th, Kenneth Duda sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $325.88, for a total transaction of $6,517,600.00.
Arista Networks Stock Up 0.7 %
ANET stock traded up $2.13 during trading on Tuesday, hitting $326.90. The company had a trading volume of 1,149,644 shares, compared to its average volume of 2,348,444. The firm has a 50-day moving average price of $342.45 and a 200-day moving average price of $311.82. Arista Networks, Inc. has a 12 month low of $168.25 and a 12 month high of $376.50. The stock has a market cap of $102.70 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.48 and a beta of 1.07.
Institutional Trading of Arista Networks
A number of hedge funds have recently modified their holdings of the company. UniSuper Management Pty Ltd grew its position in shares of Arista Networks by 20.3% in the 1st quarter. UniSuper Management Pty Ltd now owns 36,329 shares of the technology company’s stock valued at $10,535,000 after purchasing an additional 6,133 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Arista Networks by 7.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 51,301 shares of the technology company’s stock valued at $12,082,000 after purchasing an additional 3,763 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Arista Networks during the 1st quarter worth approximately $1,405,000. M&G Plc acquired a new stake in Arista Networks in the 1st quarter valued at $3,238,000. Finally, Nordea Investment Management AB grew its stake in Arista Networks by 32.5% in the first quarter. Nordea Investment Management AB now owns 26,799 shares of the technology company’s stock valued at $7,810,000 after purchasing an additional 6,578 shares in the last quarter. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Erste Group Bank restated a “buy” rating on shares of Arista Networks in a report on Friday, June 14th. Morgan Stanley boosted their price target on Arista Networks from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Rosenblatt Securities boosted their price objective on Arista Networks from $220.00 to $265.00 and gave the company a “sell” rating in a research report on Wednesday, July 31st. Bank of America upped their target price on shares of Arista Networks from $320.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Finally, Jefferies Financial Group lifted their price objective on Arista Networks from $340.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.63.
Get Our Latest Stock Report 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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