Anshul Sadana Sells 1,350 Shares of Arista Networks Inc (NY... - Jonathan Cartu Computer Repair Consultant Services
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Anshul Sadana Sells 1,350 Shares of Arista Networks Inc (NY…

Anshul Sadana Sells 1,350 Shares of Arista Networks Inc (NY…


Arista Networks Inc (NYSE:ANET) COO Anshul Sadana sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $280.07, for a total transaction of $378,094.50. Following the transaction, the chief operating officer now directly owns 1,783 shares of the company’s stock, valued at approximately $499,364.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Anshul Sadana also recently made the following trade(s):

  • On Friday, July 19th, Anshul Sadana sold 8,325 shares of Arista Networks stock. The stock was sold at an average price of $280.96, for a total transaction of $2,338,992.00.
  • On Wednesday, May 1st, Anshul Sadana sold 4,129 shares of Arista Networks stock. The shares were sold at an average price of $314.28, for a total transaction of $1,297,662.12.

Shares of ANET stock opened at $267.41 on Friday. The company’s 50-day moving average price is $261.07. The company has a quick ratio of 4.70, a current ratio of 5.34 and a debt-to-equity ratio of 0.04. The stock has a market cap of $21.39 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 1.77 and a beta of 1.56. Arista Networks Inc has a one year low of $187.08 and a one year high of $331.27.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.24. The firm had revenue of $595.42 million for the quarter, compared to the consensus estimate of $595.21 million. Arista Networks had a net margin of 30.36% and a return on equity of 29.36%. The business’s quarterly revenue was up 26.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.66 EPS. As a group, analysts anticipate that Arista Networks Inc will post 8.4 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Castle Rock Wealth Management LLC grew its holdings in shares of Arista Networks by 22.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 2,046 shares of the technology company’s stock valued at $458,000 after buying an additional 380 shares during the period. United Services Automobile Association grew its holdings in shares of Arista Networks by 1.3% in the 4th quarter. United Services Automobile Association now owns 16,818 shares of the technology company’s stock valued at $3,544,000 after buying an additional 223 shares during the period. Stifel Financial Corp grew its holdings in shares of Arista Networks by 492.1% in the 4th quarter. Stifel Financial Corp now owns 31,161 shares of the technology company’s stock valued at $6,567,000 after buying an additional 25,898 shares during the period. Geode Capital Management LLC grew its holdings in shares of Arista Networks by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 679,899 shares of the technology company’s stock valued at $143,006,000 after buying an additional 15,438 shares during the period. Finally, Mackay Shields LLC acquired a new position in shares of Arista Networks in the 4th quarter valued at $5,457,000. 57.96% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on ANET shares. Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Monday, July 8th. Piper Jaffray Companies set a $10.00 price target on shares of Mammoth Energy Services and gave the company a “buy” rating in a report on Friday, June 7th. Royal Bank of Canada set a $311.00 price target on shares of UnitedHealth Group and gave the company a “buy” rating in a report on Friday, July 19th. Nomura upped their price target on shares of PROS from $45.00 to $55.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Macquarie set a $325.00 price target on shares of Arista Networks and gave the company a “buy” rating in a report on Friday, May 3rd. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $311.46.

About Arista Networks

Arista Networks, Inc develops, markets, and sells cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s cloud networking solutions consist of extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products.

Further Reading: Short Selling Stocks, A Beginner’s Guide

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



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