Weekly CFO Sells Highlight

Insiders trade Fidelity National, Arista Networks

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Mar 19, 2018
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According to GuruFocus Insider Data, the recent chief financial officer sells were Fidelity National Information Services Inc. (FIS, Financial) and Arista Networks Inc. (ANET, Financial).

Fidelity National Information CFO sold 174,389 Shares

Executive Vice President and CFO James W. Woodall sold 87,194 shares for $100.47 per share on March 14. Since then, the stock price has declined 0.72%.

Fidelity National has a market cap of $33.04 billion and its shares were traded around $99.75. The company has a price-earnings ratio of 25.38 and a price-sales ratio of 3.67. The trailing 12-month dividend yield is 1.17%, while the forward dividend yield is 1.27%. Over the past 10 years, the company had an annual average earnings growth of 7.40%.

The company posted fourth-quarter results with revenue of $2.33 billion and gross profit of $825 million, while the net income was $997 million. Total revenue for the year was $9.12 billion, a 1% decrease from 2016. The 2017 gross profit was $2.94 billion, a 2% decrease from the year prior. 2017 net income was $1.35 billion.

Director Frank R. Martire sold 190,000 shares for $99.74 per share on March 9. Since then, the stock price has increased 0.01%.

Arista Networks CFO sold 3,500 shares

Senior Vice President and CFO Ita M. Brennan sold 3,500 shares for $267.51 per share on March 1. Since then, the stock price has risen 3.05%.

Arista has a market cap of $20.37 billion and its shares were traded around $275.68. The company has a price-earnings ratio of 51.61 and a price-sales ratio of 13.23.

For the first quarter, Arista Networks posted revenue of $467.87 million and gross profit of $307.17 million, while the net income was $103.83 million. Total revenue for the year was $1.65 billion, a 46% increase from 2016. The 2017 gross profit was $1.06 billion, a 47% increase from the pior year. 2017 net income was $423.2 million.

President and CEO Jayshree Ullal sold 67 shares for $297.77 per share on March 14. Since then, the stock price has fallen 7.42%. Chief Customer Officer Anshul Sadana sold 41,438 shares for $298 per share on March 12. Since then, the stock price has declined 7.49%.

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