Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles Sells 373 Shares

Arista Networks, Inc. (NYSE:ANET) Director Kelly Bodnar Battles sold 373 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $396.48, for a total value of $147,887.04. Following the completion of the sale, the director now directly owns 2,192 shares of the company’s stock, valued at $869,084.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kelly Bodnar Battles also recently made the following trade(s):

• On Monday, September 16th, Kelly Bodnar Battles sold 372 shares of Arista Networks stock. The stock was sold at an average price of $356.74, for a total value of $132,707.28.
• On Tuesday, August 6th, Kelly Bodnar Battles sold 216 shares of Arista Networks stock. The stock was sold at an average price of $324.02, for a total value of $69,988.32.

Arista Networks Stock Up 0.4 %

Shares of Arista Networks stock opened at $395.57 on Friday. Arista Networks, Inc. has a twelve month low of $168.25 and a twelve month high of $422.73. The business has a 50-day moving average price of $370.52 and a 200 day moving average price of $333.77. The firm has a market cap of $123.96 billion, a PE ratio of 55.09, a P/E/G ratio of 3.21 and a beta of 1.07.

Arista Networks (NYSE:ANET) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.38. Arista Networks had a return on equity of 30.50% and a net margin of 39.01%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the previous year, the business earned $1.41 EPS. Arista Networks’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Arista Networks, Inc. will post 7.38 EPS for the current year.

Institutional Investors Weigh In On Arista Networks

Several large investors have recently bought and sold shares of the company. First Affirmative Financial Network increased its stake in Arista Networks by 4.3% during the 3rd quarter. First Affirmative Financial Network now owns 682 shares of the technology company’s stock worth $262,000 after buying an additional 28 shares in the last quarter. FCG Investment Co increased its stake in Arista Networks by 2.3% during the 2nd quarter. FCG Investment Co now owns 1,271 shares of the technology company’s stock worth $445,000 after buying an additional 29 shares in the last quarter. Everpar Advisors LLC increased its stake in Arista Networks by 1.5% during the 3rd quarter. Everpar Advisors LLC now owns 1,907 shares of the technology company’s stock worth $732,000 after buying an additional 29 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Arista Networks by 5.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 653 shares of the technology company’s stock worth $251,000 after buying an additional 31 shares in the last quarter. Finally, Old Port Advisors increased its stake in Arista Networks by 3.5% during the 1st quarter. Old Port Advisors now owns 955 shares of the technology company’s stock worth $277,000 after buying an additional 32 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on ANET shares. KeyCorp lifted their price target on Arista Networks from $349.00 to $432.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Piper Sandler lifted their price target on Arista Networks from $302.00 to $345.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Citigroup lifted their price target on Arista Networks from $385.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on Arista Networks from $340.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley lifted their price target on Arista Networks from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Arista Networks presently has a consensus rating of “Moderate Buy” and an average target price of $369.50.

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.