Rhumbline Advisers reduced its stake in Arista Networks (NYSE:ANET) by 1.7% in the third quarter by selling 31,776 shares. Following this transaction, Rhumbline Advisers now owns 1,852,492 shares of the technology company, valued at approximately $269.93 million. Other institutional investors also adjusted their positions in Arista Networks, and the company has a “Moderate Buy” consensus rating from analysts with an average price target of $166.00.
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Rhumbline Advisers Sells 31,776 Shares of Arista Networks, Inc. $ANET
Rhumbline Advisers reduced its stake in Arista Networks (NYSE:ANET) by 1.7% in the third quarter by selling 31,776 shares. Following this transaction, Rhumbline Advisers now owns 1,852,492 shares of the technology company, valued at approximately $269.93 million. Other institutional investors also adjusted their positions in Arista Networks, and the company has a “Moderate Buy” consensus rating from analysts with an average price target of $166.00.