Arista Networks, Inc. (NYSE:ANET – Get Free Report) insider John F. Mccool sold 580 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $388.37, for a total value of $225,254.60. Following the sale, the insider now owns 72 shares in the company, valued at $27,962.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Arista Networks Trading Up 0.1 %
Arista Networks stock traded up $0.30 during mid-day trading on Thursday, hitting $389.92. The company’s stock had a trading volume of 1,130,988 shares, compared to its average volume of 2,269,743. The firm has a market capitalization of $122.19 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 3.04 and a beta of 1.07. Arista Networks, Inc. has a 1 year low of $168.25 and a 1 year high of $395.82. The stock’s fifty day moving average is $350.01 and its two-hundred day moving average is $323.05.
Arista Networks (NYSE:ANET – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $2.10 EPS for the quarter, topping the consensus estimate of $1.72 by $0.38. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Arista Networks had a net margin of 39.01% and a return on equity of 30.50%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.41 EPS. On average, equities analysts expect that Arista Networks, Inc. will post 7.38 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Institutional Trading of Arista Networks
A number of large investors have recently modified their holdings of ANET. Benjamin Edwards Inc. acquired a new stake in Arista Networks in the first quarter valued at $26,000. Beacon Capital Management LLC increased its stake in Arista Networks by 500.0% in the second quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock valued at $27,000 after purchasing an additional 65 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in Arista Networks during the second quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. lifted its position in shares of Arista Networks by 872.7% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 107 shares of the technology company’s stock worth $31,000 after buying an additional 96 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new position in shares of Arista Networks in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Arista Networks Company Profile
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.
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