Madison Asset Management LLC has reduced its stake in Arista Networks (NYSE:ANET) by 40.4% during Q3, selling 493,789 shares and now owning 728,558 shares valued at $106.16 million. Despite this, several other institutional investors increased their holdings in Arista Networks. Insider activity shows significant share sales by Director Charles H. Giancarlo and insider Kenneth Duda, while analysts maintain a “Moderate Buy” rating with an average target price of $166.00.
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Madison Asset Management LLC Sells 493,789 Shares of Arista Networks, Inc. $ANET
Madison Asset Management LLC has reduced its stake in Arista Networks (NYSE:ANET) by 40.4% during Q3, selling 493,789 shares and now owning 728,558 shares valued at $106.16 million. Despite this, several other institutional investors increased their holdings in Arista Networks. Insider activity shows significant share sales by Director Charles H. Giancarlo and insider Kenneth Duda, while analysts maintain a “Moderate Buy” rating with an average target price of $166.00.