John F. Mccool Sells 584 Shares of Arista Networks, Inc. (NYSE:ANET) Stock

Arista Networks, Inc. (NYSE:ANET) insider John F. Mccool sold 584 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $387.33, for a total value of $226,200.72. Following the transaction, the insider now owns 72 shares of the company’s stock, valued at $27,887.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arista Networks Price Performance

Shares of NYSE ANET opened at $405.28 on Wednesday. Arista Networks, Inc. has a fifty-two week low of $203.19 and a fifty-two week high of $422.73. The firm has a market capitalization 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 company’s 50 day simple moving average is $378.33 and its 200 day simple moving average is $341.91.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ANET. Beacon Capital Management LLC boosted its stake in Arista Networks by 500.0% during the 2nd quarter. Beacon Capital Management LLC now owns 78 shares of the technology company’s stock worth $27,000 after acquiring an additional 65 shares during the last quarter. LGT Financial Advisors LLC acquired a new stake in Arista Networks in the second quarter worth $27,000. Byrne Asset Management LLC bought a new position in shares of Arista Networks during the second quarter worth $33,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Arista Networks in the 2nd quarter valued at $35,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Arista Networks during the 2nd quarter worth $35,000. 82.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ANET shares. JPMorgan Chase & Co. boosted their target price on shares of Arista Networks from $335.00 to $340.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $375.00 price target on shares of Arista Networks in a research report on Wednesday, July 31st. UBS Group raised their price objective on shares of Arista Networks from $285.00 to $369.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Jefferies Financial Group increased their price target on Arista Networks from $340.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on Arista Networks from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Arista Networks has an average rating of “Moderate Buy” and an average price target of $373.88.

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.