M&T Bank Corp Purchases 3,890,146 Shares of Arista Networks, Inc. $ANET

M&T Bank Corp significantly increased its stake in Arista Networks, Inc. (NYSE:ANET) by 3,182.7% during the fourth quarter, acquiring an additional 3,890,146 shares and now owning over 4 million shares worth $525.7 million. This makes Arista Networks M&T Bank Corp’s 9th largest holding. Other institutional investors also adjusted their positions in ANET, which recently traded up 3.7% and has received a consensus “Buy” rating from Wall Street analysts with an average price target of $177.83, despite some insider selling activity.

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