Arista Networks, Inc. (NYSE:ANET) Insider John F. Mccool Sells 17,433 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 17,433 shares of Arista Networks stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $93.14, for a total value of $1,623,709.62. Following the completion of the sale, the insider now owns 17,433 shares of the company’s stock, valued at approximately $1,623,709.62. The trade was a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John F. Mccool also recently made the following trade(s):

• On Wednesday, February 19th, John F. Mccool sold 112 shares of Arista Networks stock. The shares were sold at an average price of $102.11, for a total transaction of $11,436.32.

Arista Networks Price Performance

Shares of ANET opened at $96.43 on Thursday. The company has a market cap of $121.61 billion, a PE ratio of 43.44, a price-to-earnings-growth ratio of 3.10 and a beta of 1.09. The firm has a 50-day moving average of $112.54 and a 200-day moving average of $102.09. Arista Networks, Inc. has a one year low of $60.08 and a one year high of $133.57.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ANET. Morgan Stanley raised their target price on Arista Networks from $102.50 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. UBS Group raised their price target on Arista Networks from $106.00 to $112.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Citigroup upped their price target on shares of Arista Networks from $115.00 to $121.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Wells Fargo & Company upped their price target on Arista Networks from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price objective on shares of Arista Networks in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average price target of $113.79.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bristol John W & Co. Inc. NY lifted its holdings in Arista Networks by 291.2% during the 4th quarter. Bristol John W & Co. Inc. NY now owns 2,756,449 shares of the technology company’s stock valued at $304,670,000 after purchasing an additional 2,051,770 shares during the last quarter. LifeWealth Investments LLC bought a new position in shares of Arista Networks in the fourth quarter valued at about $220,000. Virtue Capital Management LLC lifted its stake in shares of Arista Networks by 488.6% during the 4th quarter. Virtue Capital Management LLC now owns 3,720 shares of the technology company’s stock worth $411,000 after buying an additional 3,088 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Arista Networks during the 4th quarter worth about $164,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in Arista Networks by 111.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 13,205 shares of the technology company’s stock valued at $1,460,000 after buying an additional 6,974 shares during the last quarter. 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.