Economy

Arista Networks, Lifted by Morgan Stanley to Overweight

87,469 stocks of the firms shares were exchanged. Closing price generally refers to the last price at which a stock trades during a regular trading session. After posting $1.10 EPS for the previous quarter, Arista Networks Inc's analysts now forecast -6.36 % negative EPS growth. Shares were disposed in a price range of $154.51, amounting to $1,854,120.00. after the transaction, the executive has an ownership of 99,841 company stock worth at $15,426,432.91. Navellier & Associates Inc grew its holdings in Arista Networks by 98.8% during the 2nd quarter. The number of shares now owned by investors are 71.7 mln. Stifel Financial Corp increased its holdings in shares of Arista Networks by 2.6% in the first quarter. As of quarter end William Blair Investment Management, LLC had sold 21,612 shares trimming its holdings by 1.9%. LS Investment Advisors LLC purchased a new position in Arista Networks in the second quarter valued at approximately $119,000. "(ANET)" was first reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of worldwide trademark and copyright laws. The correct version of this article can be viewed at https://weekherald.com/2017/09/22/mitsubishi-ufj-trust-banking-corp-invests-13-89-million-in-arista-networks-inc-anet.html. Arista Networks has a 52 week low of $78.82 and a 52 week high of $188.47. (NYSE:ANET) that has shown a discernible change in trend levels over the path of recent market activity.

Arista Networks, Inc.'s P/E ratio is 48.64 and the market value is 13.67B. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

Arista Networks (NYSE:ANET) last announced its earnings results on Thursday, August 3rd. Analysts forecast EPS of $1.03, up exactly $0.34 or 49.28 % from 2014's $0.69 EPS. Arista Networks had a net margin of 21.74% and a return on equity of 22.64%. The company had revenue of $405.21 million for the quarter, compared to the consensus estimate of $361.02 million. During the same period in the prior year, the business posted $0.74 EPS. BidaskClub downgraded shares of Arista Networks from a strong-buy rating to a buy rating in a research note on Tuesday, July 4th. Sr VP Ita M. Brennan sold 5,000 shares at an average price of $175.00 on Tue the 22nd. Navellier & Associates Inc now owns 67,115 shares of the technology company's stock valued at $10,053,000 after purchasing an additional 33,355 shares in the last quarter. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Morgan Stanley upgraded shares of Arista Networks from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $125.00 to $210.00 in a research report on Wednesday. Following the sale, the senior vice president now owns 11,775 shares of the company's stock, valued at $1,748,823. The disclosure for this sale can be found here.

A number of other brokerages also recently issued reports on ANET. The firm has "Buy" rating by DA Davidson given on Wednesday, January 25.

In related news, insider Jayshree Ullal sold 200,268 shares of Arista Networks stock in a transaction on Friday, August 4th. Argus reissued a "buy" rating on shares of Arista Networks in a research note on Monday, August 7th. Needham has "Buy" rating and $130 target. In a research report made public on Monday morning, KeyBanc reconfirmed their "Buy" rating on shares of ANET. Fifteen research experts recommended the company shares with a hold recommendation and nineteen have issued a buy recommendation to The corporation. the share has a average recommendation of Buy and a consensus price objective of $160.00. KeyCorp now has a $176.00 price objective on the technology company's stock.



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