This morning we watched Arista Networks rise 2.2% to a price of $160.16 per share. The large-cap Computer Equipment company is now trading -6.56% below its average target price of $171.41. Analysts have set target prices ranging from $146.0 to $213.0 per share for Arista Networks, and have given the stock an average rating of buy.
Arista Networks's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.3%. The stock's short ratio is 1.17. The company's insiders own 22.96% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 71.5%. In conclusion, we believe there is positive market sentiment regarding Arista Networks.
Institutions Invested in Arista Networks
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 9% | 27,025,757 | $4,328,445,340 |
| 2022-12-31 | Blackrock Inc. | 6% | 18,362,398 | $2,940,921,730 |
| 2022-12-31 | First Republic Investment Management, Inc. | 4% | 12,400,805 | $1,986,112,974 |
| 2022-12-31 | AllianceBernstein, L.P. | 3% | 10,223,393 | $1,637,378,660 |
| 2022-12-31 | State Street Corporation | 3% | 9,678,887 | $1,550,170,577 |
| 2022-12-31 | Price (T.Rowe) Associates Inc | 3% | 8,236,411 | $1,319,143,615 |
| 2022-12-31 | Capital World Investors | 2% | 6,143,181 | $983,891,891 |
| 2022-12-31 | Morgan Stanley | 2% | 5,549,335 | $888,781,513 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 5,020,468 | $804,078,173 |
| 2022-12-31 | FMR, LLC | 2% | 4,595,286 | $735,981,022 |
