In taking a look at technical levels, shares are trading -0.23% away from the 50 day simple moving average and -7.51% away from the 200 day simple moving average. Information in this release is fact checked and produced by competent editors of Hot Stocks Point; however, human error can exist. Public Employees Retirement System of OH now owns 22,121 shares of the technology company's stock valued at $3,314,000 after purchasing an additional 6,823 shares in the last quarter.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. now owns 1,684,322 shares of the technology company's stock valued at $222,784,000 after purchasing an additional 1,679,417 shares during the period. Advisory Services Network LLC grew its holdings in Arista Networks by 609.5% during the 2nd quarter. Cantab Capital Partners Llp claims 1,955 shares worth $293,000,000.
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Shares of Arista Networks (ANET) opened at 188.49 on Tuesday.
The performance for the week for Arista Networks, Inc.is 7.78% following the monthly performance of 9.58%. (NYSE:ANET) traded up 2.04% during mid-day trading on Friday, hitting $191.05. The current price change puts the market capitalization at $13.42 bln.
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We see here that the stock is 8.22% away from the 20-Day Simple Moving Average. It has been assigned a low target price of $3 and a high target price of $4.
Arista Networks (NYSE:ANET) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.15. The firm had revenue of $405.21 million for the quarter, compared to the consensus estimate of $361.02 million. Arista Networks had a return on equity of 22.64% and a net margin of 21.74%. ANET's latest closing price was 38.40% away from the average-price of 200 days while it maintained a distance of 12.09% from the 50 Day Moving Average and 6.13% away compared to its SMA 20. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Analysts anticipate that Arista Networks will post $4.70 EPS for the current fiscal year.
Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $190.00 price target (up previously from $167.00) on shares of Arista Networks in a research report on Friday, August 4th. The correct version of this story can be viewed at https://weekherald.com/2017/09/23/bank-of-new-york-mellon-corp-has-37-09-million-position-in-arista-networks-inc-anet.html. Credit Suisse Group reaffirmed a "hold" rating on shares of Arista Networks in a research report on Sunday, May 28th. As per Friday, July 21, the company rating was maintained by Oppenheimer. Also, SVP Marc Taxay sold 2,000 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $149.09, for a total transaction of $1,503,274.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
The outstanding shares for Arista Networks, Inc.is 71.7 with a shares float of 46.12. The shares were sold at an average price of $148.52, for a total transaction of $297,040.00. Following the completion of the sale, the senior vice president now directly owns 1,202 shares of the company's stock, valued at approximately $179,206.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 484,942 shares of company stock valued at $82,414,703. Brennan now owns $3,378,025 of the stock per the Form 4 SEC filing.
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