Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay Sells 624 Shares of Stock

Arista Networks, Inc. (NYSE:ANET) SVP Marc Taxay sold 624 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $387.33, for a total transaction of $241,693.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Marc Taxay also recently made the following trade(s):

• On Tuesday, October 1st, Marc Taxay sold 624 shares of Arista Networks stock. The shares were sold at an average price of $388.37, for a total transaction of $242,342.88.
• On Tuesday, September 3rd, Marc Taxay sold 4,497 shares of Arista Networks stock. The stock was sold at an average price of $336.32, for a total value of $1,512,431.04.

Arista Networks Stock Up 2.6 %

Shares of ANET stock opened at $405.28 on Wednesday. The stock has a market cap of $127.32 billion, a P/E ratio of 52.57, a P/E/G ratio of 3.47 and a beta of 1.08. The business has a fifty day simple moving average of $378.33 and a 200-day simple moving average of $341.91. Arista Networks, Inc. has a fifty-two week low of $203.19 and a fifty-two week high of $422.73.

Analyst Upgrades and Downgrades

ANET has been the topic of several research reports. Morgan Stanley increased their target price on Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research note on Thursday, July 18th. UBS Group increased their price objective on Arista Networks from $285.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price target on shares of Arista Networks from $335.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group boosted their price objective on Arista Networks from $340.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Barclays increased their target price on shares of Arista Networks from $320.00 to $341.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.88.

Institutional Investors Weigh In On Arista Networks

A number of large investors have recently bought and sold shares of ANET. Janney Montgomery Scott LLC lifted its stake in shares of Arista Networks by 25.9% during the first quarter. Janney Montgomery Scott LLC now owns 42,089 shares of the technology company’s stock valued at $12,205,000 after buying an additional 8,656 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Arista Networks by 32.5% in the 1st quarter. Nordea Investment Management AB now owns 26,799 shares of the technology company’s stock valued at $7,810,000 after purchasing an additional 6,578 shares during the last quarter. Financial Counselors Inc. purchased a new stake in shares of Arista Networks during the 1st quarter valued at $215,000. GSA Capital Partners LLP increased its holdings in shares of Arista Networks by 86.8% during the 1st quarter. GSA Capital Partners LLP now owns 2,968 shares of the technology company’s stock worth $861,000 after buying an additional 1,379 shares during the last quarter. Finally, Rehmann Capital Advisory Group purchased a new stake in Arista Networks during the first quarter valued at about $317,000. Institutional investors and hedge funds own 82.47% of the company’s stock.

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.