Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal Sells 22,000 Shares

Arista Networks, Inc. (NYSE:ANET) CEO Jayshree Ullal sold 22,000 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $301.45, for a total value of $6,631,900.00. Following the completion of the sale, the chief executive officer now owns 1,660,800 shares in the company, valued at $500,648,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value of $6,666,000.00.
• On Wednesday, March 20th, Jayshree Ullal sold 21,000 shares of Arista Networks stock. The shares were sold at an average price of $289.06, for a total value of $6,070,260.00.
• On Monday, March 18th, Jayshree Ullal sold 20,000 shares of Arista Networks stock. The shares were sold at an average price of $282.41, for a total value of $5,648,200.00.
• On Friday, March 15th, Jayshree Ullal sold 87,418 shares of Arista Networks stock. The shares were sold at an average price of $278.81, for a total value 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 value of $262,924.20.
• On Thursday, January 25th, Jayshree Ullal sold 733 shares of Arista Networks stock. The stock was sold at an average price of $268.15, for a total value of $196,553.95.
• On Monday, January 22nd, Jayshree Ullal sold 8,002 shares of Arista Networks stock. The stock was sold at an average price of $267.39, for a total value of $2,139,654.78.
• On Thursday, January 18th, Jayshree Ullal sold 18,621 shares of Arista Networks stock. The stock was sold at an average price of $257.60, for a total value of $4,796,769.60.
• On Tuesday, January 9th, Jayshree Ullal sold 670 shares of Arista Networks stock. The shares were sold at an average price of $247.46, for a total value of $165,798.20.

Arista Networks Stock Performance

Shares of ANET stock opened at $288.41 on Thursday. The stock’s 50 day simple moving average is $274.45 and its 200 day simple moving average is $232.99. Arista Networks, Inc. has a twelve month low of $131.68 and a twelve month high of $307.74. The company has a market capitalization of $90.17 billion, a price-to-earnings ratio of 43.90, a PEG ratio of 2.64 and a beta of 1.10.

Arista Networks (NYSE:ANET) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.38. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Arista Networks had a return on equity of 31.44% and a net margin of 35.62%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. On average, analysts forecast that Arista Networks, Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Evercore ISI reiterated an “outperform” rating and issued a $300.00 price target on shares of Arista Networks in a research report on Wednesday. Melius upgraded Arista Networks from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Oppenheimer restated a “market perform” rating on shares of Arista Networks in a research report on Tuesday, February 13th. Citigroup raised their price objective on Arista Networks from $220.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Arista Networks in a research report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $275.59.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. AXQ Capital LP bought a new stake in shares of Arista Networks during the third quarter valued at approximately $791,000. Advisor Resource Council increased its position in shares of Arista Networks by 507.9% during the fourth quarter. Advisor Resource Council now owns 7,021 shares of the technology company’s stock valued at $1,653,000 after purchasing an additional 5,866 shares during the period. Cambridge Trust Co. increased its position in shares of Arista Networks by 70.1% during the third quarter. Cambridge Trust Co. now owns 50,255 shares of the technology company’s stock valued at $9,243,000 after purchasing an additional 20,704 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of Arista Networks during the fourth quarter valued at approximately $1,171,000. Finally, Rheos Capital Works Inc. increased its position in shares of Arista Networks by 28.6% during the third quarter. Rheos Capital Works Inc. now owns 67,500 shares of the technology company’s stock valued at $12,415,000 after purchasing an additional 15,000 shares during the period. 82.47% of the stock is owned by institutional investors.

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.