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Westpac Banking Corp Acquires 19,708 Shares of Arista Networks, Inc. $ANET
Westpac Banking Corp increased its stake in Arista Networks (NYSE:ANET) by 24.7% in the third quarter, acquiring 19,708 additional shares to bring its total holding to 99,489 shares valued at $14.50 million. Arista Networks recently reported strong quarterly earnings, beating expectations with an EPS of $0.82 and revenue of $2.49 billion, leading to a 3.2% rise in its stock price. Despite positive earnings, company insiders have been net sellers, offloading 194,422 shares worth approximately $25.6 million in the last quarter.