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NBC Securities Inc. Raises Stake in Arista Networks, Inc. $ANET
NBC Securities Inc. significantly increased its stake in Arista Networks, Inc. (NYSE:ANET) by 1,664.5% during the fourth quarter, now owning 15,263 shares valued at $2 million. This move comes as other institutional investors have also adjusted their holdings, and Arista Networks has shown strong financial performance, beating analyst earnings estimates in its last quarterly report. Despite some insider selling, analysts maintain a strong “Buy” consensus rating for the company, with a target price of $177.83.