President Jonathan Cartu Claims - Insider Selling: Arista Networks Inc (NYSE:ANET) SVP Sells... - Jonathan Cartu Computer Repair Consultant Services
1795
post-template-default,single,single-post,postid-1795,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-theme-ver-11.2,qode-theme-bridge,wpb-js-composer js-comp-ver-5.2.1,vc_responsive

President Jonathan Cartu Claims – Insider Selling: Arista Networks Inc (NYSE:ANET) SVP Sells…

Arista Networks Inc logo

President Jonathan Cartu Claims – Insider Selling: Arista Networks Inc (NYSE:ANET) SVP Sells…

Arista Networks Inc (NYSE:ANET) SVP Kenneth Duda sold 10,876 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $192.57, for a total transaction of $2,094,391.32. Following the transaction, the senior vice president now owns 3,987 shares in the company, valued at approximately $767,776.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Kenneth Duda also recently made the following trade(s):

  • On Monday, November 11th, Kenneth Duda sold 10,874 shares of Arista Networks stock. The stock was sold at an average price of $191.71, for a total transaction of $2,084,654.54.
  • On Thursday, October 10th, Kenneth Duda sold 10,876 shares of Arista Networks stock. The stock was sold at an average price of $226.89, for a total transaction of $2,467,655.64.

NYSE:ANET traded down $3.87 on Friday, reaching $200.85. 766,873 shares of the company’s stock were exchanged, compared to its average volume of 697,942. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.91 and a quick ratio of 5.47. The firm has a market cap of $15.64 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 1.73 and a beta of 1.49. Arista Networks Inc has a 52 week low of $173.31 and a 52 week high of $331.27. The stock has a fifty day simple moving average of $197.26 and a 200-day simple moving average of $229.79.

Arista Networks (NYSE:ANET) last issued its earnings results on Thursday, October 31st. The technology company reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.50. Arista Networks had a net margin of 32.68% and a return on equity of 28.94%. The firm had revenue of $654.40 million during the quarter, compared to analyst estimates of $653.26 million. During the same quarter last year, the business earned $2.11 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, sell-side analysts predict that Arista Networks Inc will post 8.55 EPS for the current year.

Several institutional investors have recently made changes to their positions in ANET. Nuveen Asset Management LLC lifted its holdings in shares of Arista Networks by 65,325.6% in the second quarter. Nuveen Asset Management LLC now owns 817,820 shares of the technology company’s stock worth $212,322,000 after buying an additional 816,570 shares in the last quarter. Parnassus Investments CA purchased a new stake in shares of Arista Networks in the third quarter worth about $65,990,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Arista Networks by 147.5% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 460,100 shares of the technology company’s stock worth $119,451,000 after buying an additional 274,175 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Arista Networks by 717.4% in the second quarter. TD Asset Management Inc. now owns 270,857 shares of the technology company’s stock worth $70,319,000 after buying an additional 237,719 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Arista Networks by 64.5% in the second quarter. Bank of New York Mellon Corp now owns 565,349 shares of the technology company’s stock worth $146,775,000 after buying an additional 221,634 shares in the last quarter. 59.72% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. MKM Partners lowered their price objective on shares of Arista Networks from $275.00 to $210.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Morgan Stanley lowered their price objective on shares of Arista Networks from $275.00 to $195.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Goldman Sachs Group downgraded shares of Arista Networks from a “conviction-buy” rating to a “buy” rating and lowered their price objective for the stock from $290.00 to $245.00 in a report on Friday, November 1st. Evercore ISI began coverage on shares of Arista Networks in a research note on Wednesday, September 11th. They issued an “inline” rating and a $240.00 target price for the company. Finally, Barclays set a $210.00 target price on shares of Arista Networks and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. Arista Networks currently has a consensus rating of “Hold” and an average price target of $227.72.

Arista Networks Company Profile

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: What are the qualifications of a portfolio manager?

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

Receive News & Ratings for Arista Networks Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Arista Networks and related companies with MarketBeat.com’s FREE daily email newsletter.

Airo AV

No Comments

Post A Comment