Shares of Arista Networks Are Skyrocketing - Can This Trend Continue?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.