John F. Mccool Sells 112 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 112 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $102.11, for a total value of $11,436.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Arista Networks Price Performance

Shares of ANET traded down $5.10 on Friday, hitting $98.31. The company’s stock had a trading volume of 13,984,341 shares, compared to its average volume of 10,062,921. The company has a market capitalization of $123.84 billion, a PE ratio of 44.28, a PEG ratio of 2.79 and a beta of 1.09. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.57. The company has a 50 day moving average price of $113.94 and a 200 day moving average price of $101.57.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.90 billion. Arista Networks had a return on equity of 29.91% and a net margin of 40.72%. On average, equities analysts forecast that Arista Networks, Inc. will post 2.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ANET shares. Barclays boosted their price target on Arista Networks from $125.00 to $126.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price target on Arista Networks from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler restated a “neutral” rating and set a $108.00 price target (up from $106.00) on shares of Arista Networks in a research note on Wednesday. Morgan Stanley boosted their price target on Arista Networks from $102.50 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Citigroup boosted their price target on Arista Networks from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ANET. Stock Yards Bank & Trust Co. acquired a new position in Arista Networks during the 4th quarter worth $242,000. Silver Oak Securities Incorporated lifted its stake in shares of Arista Networks by 395.8% in the 4th quarter. Silver Oak Securities Incorporated now owns 18,593 shares of the technology company’s stock valued at $2,072,000 after purchasing an additional 14,843 shares during the period. Proactive Wealth Strategies LLC lifted its stake in shares of Arista Networks by 387.6% in the 4th quarter. Proactive Wealth Strategies LLC now owns 6,120 shares of the technology company’s stock valued at $676,000 after purchasing an additional 4,865 shares during the period. Chevy Chase Trust Holdings LLC lifted its stake in shares of Arista Networks by 292.7% in the 4th quarter. Chevy Chase Trust Holdings LLC now owns 602,541 shares of the technology company’s stock valued at $66,599,000 after purchasing an additional 449,088 shares during the period. Finally, 5T Wealth LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $1,046,000. 82.47% of the stock is owned by institutional investors and hedge funds.

About Arista Networks

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.