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

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 17,433 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $96.57, for a total value of $1,683,504.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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 value of $11,436.32.

Arista Networks Trading Up 1.7 %

Shares of ANET stock traded up $1.53 during mid-day trading on Friday, reaching $93.10. The stock had a trading volume of 12,432,831 shares, compared to its average volume of 10,723,314. Arista Networks, Inc. has a 12-month low of $60.08 and a 12-month high of $133.57. The business has a 50-day simple moving average of $112.19 and a 200 day simple moving average of $102.02. The company has a market cap of $117.41 billion, a P/E ratio of 41.94, 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, topping 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. Research analysts anticipate that Arista Networks, Inc. will post 2.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on ANET shares. UBS Group lifted their price objective on shares of Arista Networks from $106.00 to $112.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Arista Networks from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Citigroup lifted their target price on Arista Networks from $115.00 to $121.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Evercore ISI upped their price target on Arista Networks from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group lifted their price objective on shares of Arista Networks from $135.00 to $145.00 and gave the company a “buy” rating in a research 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Arista Networks currently has an average rating of “Moderate Buy” and a consensus price target of $113.79.

Hedge Funds Weigh In On Arista Networks

A number of institutional investors have recently made changes to their positions in the stock. Park Square Financial Group LLC purchased a new stake in Arista Networks during the 4th quarter worth about $444,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Arista Networks during the fourth quarter worth about $94,237,000. Azzad Asset Management Inc. ADV raised its position in shares of Arista Networks by 305.4% in the fourth quarter. Azzad Asset Management Inc. ADV now owns 26,087 shares of the technology company’s stock valued at $2,883,000 after buying an additional 19,652 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Arista Networks by 203.5% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 5,253 shares of the technology company’s stock valued at $581,000 after buying an additional 3,522 shares during the period. Finally, HWG Holdings LP boosted its position in Arista Networks by 344.6% during the fourth quarter. HWG Holdings LP now owns 83,844 shares of the technology company’s stock worth $9,267,000 after acquiring an additional 64,984 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.