Charles H. Giancarlo Sells 6,660 Shares of Arista Networks, Inc. (NYSE:ANET) Inventory

Arista Networks logoArista Networks, Inc. (NYSE:ANET – Get Ranking) Director Charles H. Giancarlo bought 6,660 shares of the inventory in a transaction dated Monday, August 1st. The shares have been bought at a mean value of $117.03, for a complete transaction of $779,419.80. Following the completion of the sale, the director now owns 98,946 shares of the corporate’s inventory, valued at roughly $11,579,650.38. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of the SEC web site.

Arista Networks Value Efficiency

Shares of Arista Networks inventory opened at $123.06 on Friday. The agency has a market cap of $37.93 billion, a P/E ratio of 37.95, a P/E/G ratio of 1.98 and a beta of 1.35. The agency has a 50 day easy transferring common of $101.50 and a 200 day easy transferring common of $114.69. Arista Networks, Inc. has a fifty-two week low of $85.18 and a fifty-two week excessive of $148.57.

Arista Networks (NYSE:ANET – Get Ranking) final issued its quarterly earnings outcomes on Monday, August 1st. The expertise firm reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.30. The enterprise had income of $1.05 billion in the course of the quarter, in comparison with analyst estimates of $979.66 million. Arista Networks had a web margin of 29.55% and a return on fairness of 24.03%. Arista Networks’s income for the quarter was up 48.7% in comparison with the identical quarter final yr. Throughout the identical quarter final yr, the enterprise posted $0.56 earnings per share. On common, sell-side analysts anticipate that Arista Networks, Inc. will put up 3.18 EPS for the present yr.

Hedge Funds Weigh In On Arista Networks

Quite a lot of hedge funds and different institutional buyers have just lately purchased and bought shares of the enterprise. State of New Jersey Frequent Pension Fund D boosted its stake in Arista Networks by 6.4% within the second quarter. State of New Jersey Frequent Pension Fund D now owns 144,970 shares of the expertise firm’s inventory valued at $13,589,000 after buying an extra 8,777 shares over the past quarter. Seven Eight Capital LP boosted its stake in Arista Networks by 2.7% within the second quarter. Seven Eight Capital LP now owns 10,203 shares of the expertise firm’s inventory valued at $956,000 after buying an extra 264 shares over the past quarter. Northwestern Mutual Wealth Administration Co. boosted its stake in Arista Networks by 5.4% within the second quarter. Northwestern Mutual Wealth Administration Co. now owns 14,357 shares of the expertise firm’s inventory valued at $1,346,000 after buying an extra 736 shares over the past quarter. Aviva PLC boosted its stake in Arista Networks by 73.8% within the second quarter. Aviva PLC now owns 130,008 shares of the expertise firm’s inventory valued at $12,187,000 after buying an extra 55,223 shares over the past quarter. Lastly, Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. boosted its stake in Arista Networks by 13.7% within the second quarter. Mitsubishi UFJ Kokusai Asset Administration Co. Ltd. now owns 134,103 shares of the expertise firm’s inventory valued at $12,571,000 after buying an extra 16,134 shares over the past quarter. 67.10% of the inventory is owned by institutional buyers.

Wall Avenue Analyst Weigh In

A number of fairness analysis analysts just lately weighed in on the inventory. Financial institution of America minimize shares of Arista Networks from a “purchase” ranking to an “underperform” ranking and lowered their goal value for the corporate from $140.00 to $105.00 in a analysis notice on Wednesday, July twentieth. StockNews.com raised shares of Arista Networks from a “maintain” ranking to a “purchase” ranking in a analysis report on Wednesday. Oppenheimer reissued a “market carry out” ranking and issued a $305.00 value goal on shares of Arista Networks in a analysis report on Wednesday, Might 4th. JPMorgan Chase & Co. elevated their value goal on shares of Arista Networks from $150.00 to $160.00 and gave the inventory an “chubby” ranking in a analysis report on Tuesday. Lastly, Citigroup elevated their value goal on shares of Arista Networks from $160.00 to $170.00 and gave the inventory a “purchase” ranking in a analysis report on Tuesday. One analysis analyst has rated the inventory with a promote ranking, 5 have issued a maintain ranking and sixteen have given a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, Arista Networks presently has a consensus ranking of “Reasonable Purchase” and a consensus value goal of $157.53.

Arista Networks Firm Profile

(Get Ranking)

Arista Networks, Inc. develops, markets, and sells cloud networking options within the Americas, Europe, the Center East, Africa, and the Asia-Pacific. The corporate’s cloud networking options encompass extensible working methods, a set of community purposes, in addition to gigabit Ethernet switching and routing platforms.

See Additionally

Insider Buying and Selling by Quarter for Arista Networks (NYSE:ANET)

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