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Main Street Research LLC Makes New Investment in Arista Networks, Inc. $ANET
Main Street Research LLC initiated a new position in Arista Networks (ANET) by purchasing 34,884 shares valued at approximately $5.08 million in Q3, increasing institutional ownership to 82.47%. This investment comes as Arista Networks launches new AI data center products and forecasts significant revenue growth, despite recent insider selling activities. The company has received multiple analyst upgrades, reinforcing a bullish outlook driven by AI demand and strong hyperscaler commitments.