Company newsANET
Explain this story: Arista Networks, Inc. $ANET Shares Bought by CX Institutional
CX Institutional significantly increased its stake in Arista Networks (ANET) by 954.6% in the third quarter, now owning 87,651 shares valued at $17.8 million. Despite substantial insider selling amounting to $675.9 million by figures like CEO Jayshree Ullal, institutional ownership of ANET stands at 82.47%. Analysts maintain a "Buy" rating for the stock with a consensus target price of $231.70, following Arista Networks reporting stronger-than-expected Q3 earnings and revenue.
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CX Institutional significantly increased its stake in Arista Networks (ANET) by 954.6% in the third quarter, now owning 87,651 shares valued at $17.8 million. Despite substantial insider selling amounting to $675.9 million by figures like CEO Jayshree Ullal, institutional ownership of ANET stands at 82.47%. Analysts maintain a "Buy" rating for the stock with a consensus target price of $231.70, following Arista Networks reporting stronger-than-expected Q3 earnings and revenue.
Article tone: Positive This describes the words the journalist used. It is not a prediction, and not advice.
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Published Oct 2, 2026, 19:21 ET · on this site +1h 37m