Swiss National Bank decreased its holdings in Arista Networks (NYSE:ANET) by 5.2% in the third quarter, selling 167,600 shares, though still owning over 3 million shares worth $448 million. Other institutional investors like Vanguard Group and Cresset Asset Management increased their stakes, while company insiders made significant sales totaling over $25 million in the last three months. Arista Networks reported strong earnings, beating analyst estimates, and several research firms have reissued “outperform” or “buy” ratings with increased price targets.
Swiss National Bank Reduces Stock Position in Arista Networks, Inc. $ANET
Swiss National Bank decreased its holdings in Arista Networks (NYSE:ANET) by 5.2% in the third quarter, selling 167,600 shares, though still owning over 3 million shares worth $448 million. Other institutional investors like Vanguard Group and Cresset Asset Management increased their stakes, while company insiders made significant sales totaling over $25 million in the last three months. Arista Networks reported strong earnings, beating analyst estimates, and several research firms have reissued “outperform” or “buy” ratings with increased price targets.