Arista Networks, Inc. (NYSE:ANET) Director Yvonne Wassenaar Sells 168 Shares

Arista Networks, Inc. (NYSE:ANET) Director Yvonne Wassenaar sold 168 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $102.58, for a total value of $17,233.44. Following the sale, the director now directly owns 14,104 shares of the company’s stock, valued at $1,446,788.32. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yvonne Wassenaar also recently made the following trade(s):

• On Tuesday, January 21st, Yvonne Wassenaar sold 168 shares of Arista Networks stock. The stock was sold at an average price of $121.02, for a total value of $20,331.36.

Arista Networks Stock Performance

NYSE:ANET traded up $0.16 during mid-day trading on Tuesday, hitting $92.85. 17,269,988 shares of the stock were exchanged, compared to its average volume of 10,636,564. The firm’s 50-day simple moving average is $113.18 and its 200 day simple moving average is $102.07. Arista Networks, Inc. has a fifty-two week low of $60.08 and a fifty-two week high of $133.57. The stock has a market capitalization of $117.10 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09.

Arista Networks (NYSE:ANET) last announced its earnings results on Tuesday, February 18th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Arista Networks had a net margin of 40.72% and a return on equity of 29.91%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.90 billion. On average, analysts predict that Arista Networks, Inc. will post 2.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ANET shares. Barclays boosted their price target on shares of Arista Networks from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Rosenblatt Securities restated a “sell” rating and issued a $80.00 price objective on shares of Arista Networks in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 target price on shares of Arista Networks in a report on Wednesday, February 19th. Evercore ISI raised their price target on Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group raised their target price on shares of Arista Networks from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. NorthCrest Asset Manangement LLC acquired a new stake in Arista Networks during the third quarter worth approximately $820,000. Arkadios Wealth Advisors lifted its position in shares of Arista Networks by 63.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 2,303 shares of the technology company’s stock valued at $884,000 after acquiring an additional 891 shares during the period. PFG Investments LLC acquired a new stake in shares of Arista Networks during the 3rd quarter worth $314,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Arista Networks by 78.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 81,933 shares of the technology company’s stock worth $31,447,000 after purchasing an additional 36,111 shares during the period. Finally, Boston Trust Walden Corp bought a new position in shares of Arista Networks in the third quarter worth $210,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

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.