Shares of Arista Networks (ANET) Sees Large Inflow of Net Money Flow

Arista Networks (ANET) : Investors lapped up stocks on upticks to the tune of $0.45 million in the Fridays trading session. The trading value on downticks was comparatively at $0.09 million and the uptick to downtick ratio of 5.16 indicates continuous buying by the bulls. The net money flow into the stock was $0.37 million. Upticks saw transactions worth $0 clearly indicating buying by large investors. The total money flow for block trades stood at $0 million, which is a positive for the stock in the long-term. Arista Networks (ANET) fell $0.08 during the day at $79.59, a drop of -0.1% over the previous days close. However, for the week, the stock is 0.76%, compared to the previous week.


The company Insiders own 32.39% of Arista Networks shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.77% . Institutional Investors own 53.26% of Arista Networks shares. During last six month period, the net percent change held by insiders has seen a change of -20.65%.

In a related news, Ullal Jayshree, director officer (President and CEO) of Arista Networks, Inc., unloaded 54,542 shares at an average price of $79.82 on August 31, 2016. The total amount of the transaction was worth $4,353,542, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Arista Networks (NYSE:ANET): The stock opened at $80.08 and touched an intraday high of $81.09 on Friday. During the day, the stock corrected to an intraday low of $79.3, however, the bulls stepped in and pushed the price higher to close in the green at $80.95 with a gain of 1.61% for the day. The total traded volume for the day was 721,149. The stock had closed at $79.67 in the previous trading session.

Arista Networks (ANET) : Traders are bullish on Arista Networks (ANET) as it has outperformed the S&P 500 by a wide margin of 12.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.97%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.48% in the last 1 week, and is up 12.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

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 Companys 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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