Arista Networks Inc (NYSE: ANET) is 66.58% higher on its value in year-to-date trading and has touched a low of $168.25 and a high of $422.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ANET stock was last observed hovering at around $413.47 in the last trading session, with the day’s loss setting it -21.16%.
Currently trading at $392.31, the stock is 0.28% and 8.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.02 million and changing -5.12% at the moment leaves the stock 26.31% off its SMA200. ANET registered 106.64% gain for a year compared to 6-month gain of 49.30%. The firm has a 50-day simple moving average (SMA 50) of $362.099 and a 200-day simple moving average (SMA200) of $310.59845.
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The stock witnessed a 9.23% loss in the last 1 month and extending the period to 3 months gives it a 16.52%, and is -1.98% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.59% over the week and 2.70% over the month.
Arista Networks Inc (ANET) has around 4023 employees, a market worth around $123.24B and $6.31B in sales. Current P/E ratio is 50.85 and Fwd P/E is 41.50. Profit margin for the company is 39.01%. Distance from 52-week low is 133.17% and -7.20% from its 52-week high. The company has generated returns on investments over the last 12 months (29.20%).
The EPS is expected to grow by 19.17% this year.
Arista Networks Inc (ANET) Top Institutional Holders
2014.0 institutions hold shares in Arista Networks Inc (ANET), with institutional investors hold 86.53% of the company’s shares. The shares outstanding are 312.25M, and float is at 257.21M with Short Float at 0.98%. Institutions hold 70.78% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.39 million shares valued at $8.2 billion. The investor’s holdings represent 7.4727% of the ANET Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.09 million shares valued at $7.04 billion to account for 6.4177 of the shares outstanding. The other top investors are FMR LLC which holds 14.23 million shares representing 4.5466% and valued at over $4.99 billion, while STATE STREET CORP holds 3.4586 of the shares totaling 10.83 million with a market value of $3.79 billion.
Arista Networks Inc (ANET) Insider Activity
The most recent transaction is an insider sale by Duda Kenneth, the company’s CTO and SVP Software Eng. SEC filings show that Duda Kenneth sold 20,000 shares of the company’s common stock on Oct 07 ’24 at a price of $394.69 per share for a total of $7.89 million. Following the sale, the insider now owns 3244.0 shares.
Arista Networks Inc disclosed in a document filed with the SEC on Oct 07 ’24 that Duda Kenneth (CTO and SVP Software Eng.) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Oct 07 ’24 and was made at $394.69 per share for $7.89 million. Following the transaction, the insider now directly holds 0.18 million shares of the ANET stock.
Still, SEC filings show that on Oct 07 ’24, Kenneth Duda (Officer) Proposed Sale 80,000 shares at an average price of $394.00 for $31.52 million. The insider now directly holds shares of Arista Networks Inc (ANET).
