Arista Networks, Inc. (NYSE:ANET) Insider John F. Mccool Sells 584 Shares

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 584 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $387.33, for a total transaction of $226,200.72. Following the sale, the insider now directly owns 72 shares in the company, valued at $27,887.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Arista Networks Stock Up 2.6 %

Arista Networks stock traded up $10.40 during midday trading on Tuesday, reaching $405.28. The company’s stock had a trading volume of 1,146,689 shares, compared to its average volume of 2,190,792. The company has a market cap of $127.32 billion, a P/E ratio of 51.75, a P/E/G ratio of 3.47 and a beta of 1.08. Arista Networks, Inc. has a fifty-two week low of $203.19 and a fifty-two week high of $422.73. The business has a 50-day simple moving average of $377.14 and a 200-day simple moving average of $340.79.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Beacon Capital Management LLC grew its stake in Arista Networks by 500.0% during the 2nd quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock worth $27,000 after buying an additional 65 shares during the last quarter. LGT Financial Advisors LLC purchased a new stake in Arista Networks during the 2nd quarter valued at approximately $27,000. Byrne Asset Management LLC purchased a new position in shares of Arista Networks in the 2nd quarter valued at approximately $33,000. Sugarloaf Wealth Management LLC acquired a new position in shares of Arista Networks in the second quarter valued at approximately $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Arista Networks during the second quarter worth approximately $35,000. 82.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ANET. UBS Group increased their target price on Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Evercore ISI lifted their target price on shares of Arista Networks from $400.00 to $425.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Jefferies Financial Group upped their price objective on shares of Arista Networks from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and set a $375.00 target price on shares of Arista Networks in a report on Wednesday, July 31st. Finally, Citigroup upped their price objective on shares of Arista Networks from $385.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Arista Networks currently has an average rating of “Moderate Buy” and an average price target of $373.88.

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.