Arista Networks stock is trading -13.69% below its average target price of $175.06 after dropping -6.1% Friday. Analysts are giving the large-cap Computer Equipment company an average rating of buy and target prices ranging from $135.0 to $215.0 per share.
The stock has a very low short interest at 1.7%, and a short ratio of 1.43. The company's insiders own 22.66% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.0% of Arista Networks's shares being owned by this investor type.
Institutions Invested in Arista Networks
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 27,226,237 | $4,113,612,048 |
| 2023-03-31 | Blackrock Inc. | 6% | 18,734,818 | $2,830,643,583 |
| 2023-03-31 | First Republic Investment Management, Inc. | 4% | 11,392,099 | $1,721,232,196 |
| 2023-03-31 | State Street Corporation | 3% | 9,991,923 | $1,509,679,609 |
| 2023-03-31 | Alliancebernstein L.p. | 3% | 9,551,774 | $1,443,177,498 |
| 2023-03-31 | Price (T.Rowe) Associates Inc | 3% | 8,234,874 | $1,244,207,082 |
| 2023-03-31 | FMR, LLC | 2% | 6,815,983 | $1,029,826,846 |
| 2023-03-31 | Capital World Investors | 2% | 5,816,968 | $878,885,673 |
| 2023-03-31 | Morgan Stanley | 2% | 5,755,415 | $869,585,631 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 5,112,297 | $772,416,935 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Arista Networks.
