Arista Networks, Inc. (NYSE:ANET – Get Free Report) Director Kelly Bodnar Battles sold 373 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 2,192 shares in the company, valued at approximately $869,084.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
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 %
NYSE:ANET opened at $395.57 on Friday. The stock’s fifty day moving average is $370.52 and its two-hundred day moving average is $333.77. Arista Networks, Inc. has a 52 week low of $168.25 and a 52 week high of $422.73. The stock has a market capitalization of $123.96 billion, a price-to-earnings ratio of 55.09, a price-to-earnings-growth ratio of 3.21 and a beta of 1.07.
Institutional Trading of Arista Networks
A number of large investors have recently modified their holdings of ANET. GQG Partners LLC purchased a new stake in shares of Arista Networks during the first quarter worth $881,848,000. Swedbank AB purchased a new stake in shares of Arista Networks during the first quarter worth $521,767,000. Ameriprise Financial Inc. increased its position in shares of Arista Networks by 97.2% during the second quarter. Ameriprise Financial Inc. now owns 1,794,586 shares of the technology company’s stock worth $628,966,000 after acquiring an additional 884,703 shares during the period. International Assets Investment Management LLC increased its position in shares of Arista Networks by 39,841.1% during the third quarter. International Assets Investment Management LLC now owns 875,110 shares of the technology company’s stock worth $3,358,850,000 after acquiring an additional 872,919 shares during the period. Finally, 1832 Asset Management L.P. increased its position in shares of Arista Networks by 4,160.9% during the second quarter. 1832 Asset Management L.P. now owns 515,700 shares of the technology company’s stock worth $180,743,000 after acquiring an additional 503,597 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ANET. The Goldman Sachs Group boosted their target price on Arista Networks from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Piper Sandler upped their price objective on Arista Networks from $302.00 to $345.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Needham & Company LLC reiterated a “buy” rating and issued a $375.00 price objective on shares of Arista Networks in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Arista Networks from $340.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, KeyCorp upped their price objective on Arista Networks from $349.00 to $432.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Arista Networks presently has an average rating of “Moderate Buy” and an average price target of $369.50.
Get Our Latest Analysis on Arista Networks
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.
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