Arista Networks, Inc. (ANET) Files Form 4 Insider Selling : David R Cheriton Irrevoca 2010 Sells 278,633 Shares

Arista Networks, Inc. (ANET): David R Cheriton Irrevoca 2010 , 10% owner of Arista Networks, Inc. sold 278,633 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $72.08 per share for a total value of $20083654 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, David R Cheriton Irrevoca 2010 (10% owner) sold 175,095 shares at $68.60 per share price.On May 12, 2016, Mark Stephen Smith (Sr. VP, Worldwide Sales) sold 5,000 shares at $67.65 per share price.Also, On May 11, 2016, Kenneth Duda (CTO and SVP Software Eng.) sold 14,964 shares at $65.81 per share price.On Apr 19, 2016, Anshul Sadana (SVP, Customer Engineering) sold 10,000 shares at $63.56 per share price.

Shares of Arista Networks Inc (ANET) ended Wednesday, May 25, 2016 session in red amid volatile trading. The shares closed down -0.36 points or -0.50% at $71.96 with 6,17,293 shares getting traded. Post opening the session at $72.5, the shares hit an intraday low of $71.71 and an intraday high of $72.82 and the price vacillated in this range throughout the day. The company has a market cap of $4,939 M and the number of outstanding shares has been calculated to be 6,86,29,342 shares. The 52-week high of Arista Networks Inc is $88.56 and the 52-week low is $52.505.

Arista Networks Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Arista Networks Inc is Initiated by JP Morgan to Neutral. The Rating was issued on May 13, 2016.Arista Networks Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $62 .The Rating was issued on May 6, 2016.Arista Networks Inc is Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 62 from a previous price target of $60 .The Rating was issued on Mar 30, 2016.Arista Networks Inc is Resumed by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $60. The Rating was issued on Mar 16, 2016.

Arista Networks Inc. is a supplier of cloud networking solutions that use software to address the needs Internet companies cloud service providers and next-generation data centers for enterprises. The Company’s cloud networking solutions consist of its Extensible Operating System (EOS) a set of network applications and its 10/40/100 Gigabit Ethernet switches. The Company offers range of product lines of data center 10/40/100 Gigabit Ethernet switches in the industry which consist of its 7050 Series and 7150 Series top-of-rack switches 72XX/7300 X Series SPLINE switches and its 7280 and 7500 E Series spine switches. EOS supports cloud and virtualization solutions including VMware NSX Microsoft System Center OpenStack and other cloud management frameworks. The Company also offers EOS+ a software platform for network programmability and automation.

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