Arista Networks, Inc. (NYSE:ANET) Traded Higher Than Its 50 Day Average

Arista Networks

Arista Networks (NYSE:ANET) is up 2% as Morgan Stanley eats its "humble pie", lifting the stock back up to Overweight after seeing shares almost double since it went to Equal Weight nine months ago. The stock rose 0.34% or $0.63 reaching $183.31.

Arista Networks (ANET) opened at 181.72 on Wednesday. Vanguard Group Inc. boosted its position in shares of Arista Networks by 7.1% during the 2nd quarter. Vanguard Group has an ownership of 3,763,999 stocks of the technology firms shares valued at $563,810,000 following purchasing an extra 249,753 stocks in the previous period. William Blair Investment Management, LLC reduced its position by shedding 21,612 shares a decrease of 1.9% as of 06/30/2017. FMR LLC now owns 3,288,755 shares of the technology company's stock valued at $435,004,000 after purchasing an additional 800,465 shares during the last quarter. BlackRock Inc. boosted its position in shares of Arista Networks by 41.1% during the 2nd quarter. BlackRock Inc. now owns 1,684,322 shares of the technology company's stock worth $222,784,000 after buying an additional 1,679,417 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Arista Networks by 9.1% during the first quarter. Keybank National Association OH's holdings in Arista Networks were worth $1,427,000 as of its most recent filing with the SEC. The 50 day moving average moved up $10.60 and the 200 day average went up $31.43 or +20.91%.

With a market cap of $0, Arista Networks has 52 week low of $78.82 and a 52 week high of $188.07 with a P/E ratio of 48.04. Goldman Sachs upgraded Arista Networks Inc (NYSE:ANET) on Monday, March 27 to "Neutral" rating. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. The company had revenue of $405.21 million for the quarter, compared to analysts' expectations of $361.02 million. During the same period previous year, the company earned $0.80 earnings per share. The company's revenue for the quarter was up 50.8% compared to the same quarter past year. Analysts anticipate that Arista Networks, Inc. will post $4.66 earnings per share for the current year. The CTO and SVP Software Eng. now owns $211,650,423 of the stock according to the SEC filing. The shares were sold at an average price of $148.52, for a total transaction of $297,040.00. Following the transaction, the senior vice president now owns 11,775 shares in the company, valued at approximately $1,748,823.

In other news, insider Jayshree Ullal sold 80,064 shares of the business's stock in a transaction on Thursday, June 22nd. The shares were purchased at an average price of $175.17. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. Ita M. Brennan, Sr VP disclosed the sale of 5,000 shares. The Peconic Partners Llc holds 203,680 shares with $4.08 million value, up from 45,000 last quarter.

COPYRIGHT VIOLATION WARNING: This article was published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of USA & worldwide copyright and trademark legislation. The stock of Arista Networks Inc (NYSE:ANET) has "Buy" rating given on Friday, May 26 by Oppenheimer.

Several research firms have weighed in on ANET. The firm saw a fall in short interest of -16.06% as of the latest report on August 31, 2017. BMO Capital Markets reiterated an "outperform" recommendation on stocks of Arista Networks in a study report on early Tue, Sep 12th.

August 4 investment analysts at Barclays maintained a company rating of "Overweight" but moved up the price target from $87.00 to $200.00. KeyCorp reiterated a "buy" recommendation and fixed a $176.00 target price on stock of Arista Networks in a study note on early Tue. The stock of Arista Networks Inc (NYSE:ANET) has "Neutral" rating given on Friday, April 7 by Nomura. Deutsche Bank maintained the stock with "Buy" rating in Wednesday, September 14 report.

Arista Networks, Inc is a supplier of cloud networking solutions that address the needs of Internet companies, cloud service providers and next-generation data centers for enterprises. It develops, markets and sells cloud networking solutions, which consist of its Gigabit Ethernet switches and related software.

Related:

Comments

Latest news

0.7 is Gilead Sciences Inc's (NASDAQ:GILD) Institutional Investor Sentiment
Also, it has an estimated price-earnings (P/E) multiple of 10.96 and a trailing 12-month price-earnings (P/E) multiple of 8.93. Moreover, Marshall Wace Ltd Liability Partnership has 0.09% invested in Gilead Sciences, Inc . (NASDAQ:GILD) for 3,790 shares.

United Continental Holdings Inc
United Continental Holdings, Inc ( UAL ) is a holding company and its principal subsidiary is United Air Lines, Inc (United). On Wednesday, June 14 Hart Gregory L sold $230,504 worth of United Continental Holdings Inc (NYSE: UAL ) or 3,000 shares.

Steps to boost growth on anvil, says Arun Jaitley
He also maintained that inflation is well under control and within the monetary policy target of 4 per cent. This has been a pro-active government on the reforms agenda.

Donald Trump Bashes Low-Rated Emmy Awards Ceremony on Twitter
President Donald Trump addresses the 72nd United Nations General Assembly at U.N. headquarters in NY , U.S., September 19, 2017. Alec Baldwin had the best burn of them all , dedicating his Emmy win to Trump, telling him it's Trump's first Emmy win.

Prep Volleyball Roundup: Goldendale outlasts Naches Valley
Macy Martin put away a team-high 13 kills and Joelle Forbes had 42 assists and went 18-of-18 serving to lead Naches Valley. Sabrina Gleitz served 6 for 6 and had three digs, and Karen Bautista had seven digs and five kills for Annapolis (1-3).

Other news