Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Charles H. Giancarlo sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $382.52, for a total value of $765,040.00. Following the sale, the director now owns 46,946 shares of the company’s stock, valued at $17,957,783.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Arista Networks Stock Up 1.5 %
NYSE ANET opened at $395.99 on Friday. The company has a market capitalization of $124.09 billion, a price-to-earnings ratio of 55.15, a PEG ratio of 3.04 and a beta of 1.07. Arista Networks, Inc. has a twelve month low of $168.25 and a twelve month high of $396.80. The stock has a fifty day simple moving average of $351.55 and a 200 day simple moving average of $323.80.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the business posted $1.41 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. Research analysts expect that Arista Networks, Inc. will post 7.38 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Report on Arista Networks
Institutional Trading of Arista Networks
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Arista Networks by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 29,494,876 shares of the technology company’s stock worth $6,946,338,000 after acquiring an additional 1,596,040 shares during the period. GQG Partners LLC acquired a new stake in Arista Networks during the 1st quarter worth about $881,848,000. Legal & General Group Plc grew its holdings in Arista Networks by 0.9% during the 2nd quarter. Legal & General Group Plc now owns 2,195,733 shares of the technology company’s stock worth $769,560,000 after acquiring an additional 20,278 shares during the period. Swedbank AB bought a new position in shares of Arista Networks during the 1st quarter worth about $521,767,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Arista Networks by 97.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after purchasing an additional 884,703 shares in the last quarter. 82.47% of the stock is currently 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.
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