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Truist Financial Corp Grows Stock Position in Arista Networks, Inc. $ANET
Truist Financial Corp increased its stake in Arista Networks, Inc. (NYSE:ANET) by 14% in the fourth quarter, bringing its total holdings to 845,404 shares valued at $110.8 million. Several other institutional investors also grew their positions, with institutional ownership now at 82.47%. Despite significant insider selling over the last 90 days, analysts broadly rate Arista Networks as a “Buy” with an average price target of $178.67, following strong quarterly earnings that exceeded analyst expectations.