Arista Networks Inc (NYSE:ANET) price target raised to $320.00 by Argus

By Market Exclusive

Analyst Ratings For Arista Networks Inc (NYSE:ANET)

Today, Argus raised its price target on Arista Networks Inc (NYSE:ANET) to $320.00 per share.

There are 17 Buy Ratings, 13 Hold Ratings, 1 Sell Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Arista Networks Inc (NYSE:ANET) is Buy with a consensus target price of $274.0370 per share, a potential 6.41% upside.

Some recent analyst ratings include

  • 8/3/2018-KeyCorp Reiterated Rating of Buy.
  • 7/9/2018-Piper Jaffray Companies Upgrade from a “Neutral ” rating to a ” Overweight” rating.

Recent Insider Trading Activity For Arista Networks Inc (NYSE:ANET)
Arista Networks Inc (NYSE:ANET) has insider ownership of 24.95% and institutional ownership of 53.88%.

  • On 8/1/2018Marc Taxay, SVP, sold 2,000 with an average share price of $260.26 per share and the total transaction amounting to $520,520.00.
  • On 7/20/2018 John F Mccool, Insider, sold 83 with an average share price of $277.00 per share and the total transaction amounting to $22,991.00.
  • On 7/10/2018Kenneth Duda, SVP, sold 11,000 with an average share price of $269.37 per share and the total transaction amounting to $2,963,070.00.
  • On 7/2/2018Marc Taxay, SVP, sold 2,000 with an average share price of $256.49 per share and the total transaction amounting to $512,980.00.
  • On 6/20/2018 John F Mccool, Insider, sold 83 with an average share price of $276.62 per share and the total transaction amounting to $22,959.46.
  • On 6/13/2018Andreas Bechtolsheim, Insider, sold 50,000 with an average share price of $278.74 per share and the total transaction amounting to $13,937,000.00.
  • On 6/11/2018Kenneth Duda, SVP, sold 11,000 with an average share price of $272.66 per share and the total transaction amounting to $2,999,260.00.

About Arista Networks Inc (NYSE:ANET)
Arista Networks, Inc. provides cloud networking solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s cloud networking solutions consist of its extensible operating systems, a set of network applications, as well as gigabit Ethernet switching and routing platforms, including universal leaf, spline, and universal spine products. It also provides post contract customer support services, such as technical support, hardware repair and parts replacement beyond standard warranty, bug fix, patch, and upgrade services. The company serves a range of industries comprising Internet companies, service providers, financial services organizations, government agencies, media and entertainment companies, and others. It markets and sells its products through distributors, value-added resellers, system integrators, and original equipment manufacturer partners, as well as through its direct sales force. The company was formerly known as Arastra, Inc. and changed its name to Arista Networks, Inc. in October 2008. Arista Networks, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Recent Trading Activity for Arista Networks Inc (NYSE:ANET)
Shares of Arista Networks Inc closed the previous trading session at 257.54 −14.31 5.26% with 1919400 shares trading hands.

This article provided by NewsEdge.