Market Perception of ANET's Decline – Analyzing Stock Performance

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.

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.