Arista Networks, Inc. (ANET) Given Buy Rating at Citigroup Inc

Marco Green
November 14, 2017

Just yesterday Arista Networks (NYSE:ANET) traded 1.99% higher at $199.89. Jefferies maintained Arista Networks Inc (NYSE:ANET) on Friday, August 4 with "Hold" rating. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Needham & Company LLC reaffirmed a "buy" rating and set a $217.00 price target (up from $175.00) on shares of Arista Networks in a research report on Friday, November 3rd.

Analysts await Arista Networks Inc (NYSE:ANET) to report earnings on February, 15. (USA) (NYSE:STN) has "Sector Perform" rating given on Friday, August 7 by RBC Capital Markets. Arista Networks presently has a consensus rating of Buy and a consensus price target of $183.07. The correct version of this story can be accessed at https://stocknewstimes.com/2017/11/12/arista-networks-inc-anet-price-target-increased-to-200-00-by-analysts-at-royal-bank-of-canada.html. The stock is trading $189.51 its 50-day moving average by -31.54%. The stock stands almost -4.46% off versus the 52-week high and 48.73% away from the 52-week low. The stock has a market capitalization of $16,158.90, a price-to-earnings ratio of 53.14, a PEG ratio of 2.04 and a beta of 1.31. "(ANET) Given Buy Rating at Citigroup Inc." was published by Week Herald and is the sole property of of Week Herald. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of US and global copyright law. Janus Capital Management LLC now owns 35,749 shares of the technology company's stock valued at $4,728,000 after buying an additional 19,160 shares in the last quarter. The firm has a ROI of 16.20%, calculating the gain or loss generated on investment relative to the sum of money invested. The firm had revenue of $290.26 million for the quarter, compared to analyst estimates of $283.33 million. The company's revenue for the quarter was up 33.4% compared to the same quarter previous year. On average, analysts anticipate that Arista Networks will post $3.09 EPS for the current fiscal year. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and worldwide trademark and copyright laws. Also, insider Jayshree Ullal sold 81,380 shares of Arista Networks stock in a transaction that occurred on Wednesday, November 8th. It increased, as 17 investors sold Starcom PLC shares while 36 reduced holdings. Following the completion of the transaction, the senior vice president now directly owns 13,002 shares in the company, valued at approximately $2,289,522.18. The disclosure for this sale can be found here. Corporate insiders own 32.39% of the company's stock. State Board of Administration of Florida Retirement System now owns 65,336 shares of the technology company's stock valued at $9,787,000 after buying an additional 7,827 shares in the last quarter. Arista Networks earned a news impact score of 0.20 on Accern's scale. The portion of a company's profit allocated to each outstanding share of common stock was $0.49 a share in the trailing twelve months. Gilder Gagnon Howe & Co. Sapphire Star Partners LP increased its holdings in Arista Networks by 56.9% in the third quarter. Finally, Zacks Investment Research lowered shares of Arista Networks from a "buy" rating to a "hold" rating in a research report on Thursday, July 27th. Nordea Investment Management AB now owns 8,173 shares of the company's stock valued at $526,000 after buying an additional 5,850 shares during the period. The share last price represents downtick move of -37.50% in value from company's 52-Week high price and shows 8.50% above change in value from its 52-Week low price.

In other Arista Networks news, SVP Marc Taxay sold 2,000 shares of Arista Networks stock in a transaction that occurred on Friday, September 1st. Finally, SG Americas Securities LLC acquired a new position in Arista Networks during the 1st quarter worth $164,000. Institutional investors and hedge funds own 59.43% of the company's stock. That brings Duda's holdings to $218,467,645 as recorded in a recent Form 4 SEC filing.

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