Pittenger & Anderson Inc. Sells 71,312 Shares of Arista Networks, Inc. $ANET

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Pittenger & Anderson Inc. significantly reduced its stake in Arista Networks by selling 71,312 shares, decreasing its holdings by 64.1% in Q4. Despite this, institutional investors still own a substantial 82.47% of the company, and Wall Street maintains a positive “Buy” rating with a consensus price target of $178.67. Insider selling has been notable, with CEO Jayshree Ullal selling 428,000 shares and total insider sales reaching $246.4 million over the last 90 days.

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